Turkey: Capacity utilisation rate retraces from a two-year high in November
Emre Tekmen - Market Economics | 26 Nov 2013
Seasonally adjusted capacity utilisation rate fell 0.8pp to 74.9% in November, paring back last month’s increase of similar amount. As a result, capacity utilisation rate is now back at its June-September average, down from a two-year high of 75.7% in October. The decline in the capacity utilisation rate was mainly driven by intermediate goods production, namely manufacture of chemicals and plastics. Capacity utilisation rate in non-metallic mineral production, a strong proxy for construction sector, declined 1.5pp and trimmed the 2.5pp increase in October. Among export-oriented sectors, manufacture of textiles and basic metals were broadly flat whereas capacity utilisation rate in automotive production fell for the third consecutive month.
