May 11, 2022

Manufacturing capacity utilization up in March: Central bank

ANKARA

Turkey’s capacity utilization rate (CUR) edged up to 77.3% this month, while the real sector confidence index slipped 1.3 points to 108.5, the data showed. published by the Turkish Central Bank on March 25.

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The TUC for manufacturing rose 0.7 percentage points from 76.6% in February, the bank said.
The seasonally adjusted CUR was 78.2%, down from 77.2 in February.

The CUR figures are based on responses given to a business survey by local units operating in the manufacturing industry, according to the bank.
The monthly data does not reflect the views or forecasts of the bank, he said, adding that 1,761 companies responded to the survey in March.
Among the major industry groups, the highest CUR was 78.7 for intermediate goods, while the lowest was 75% for durable consumer goods.

The real sector confidence index (RSCI), meanwhile, stood at 108.5 in March, down 1.3 points monthly.
Responses to questions about the general course of business, export orders for the next three months, current inventory of finished goods and production plans for the next three months pushed the index down.
Along with the business trend data, the Central Bank intends to produce indicators that will show the short-term trends in the manufacturing industry, given the assessments of senior executives, on the recent past, the current situation and their expectations regarding the future development of trading conditions. .
Confidence in key sectors in Turkey showed a decline compared to last month, according to data released by the Turkish Statistical Institute (TÜİK) on March 25.

Of all the sub-indexes, the services sector suffered the most, falling 6.2% to 111.3 in March, as the business situation and demand turnover over the past three months , in addition to expectations for the next three months, have deteriorated.
The retail sector confidence index fell 3.1% from a month ago to 116, due to a decline in both current inventory levels and expectations for business and sales activity.
The construction confidence index came in at 81 this month, down 2% from February.
Calculated from a monthly survey, the results are assessed in a range of 0 to 200. Sector confidence indices signal an optimistic outlook when the value is above 100.

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TÜİK will announce the Economic Confidence Index data on March 30.
The seasonally adjusted consumer confidence index calculated from the results of the consumer confidence survey carried out in cooperation with the Turkish Statistical Institute (TÜİK) and the Turkish Central Bank increased by 1.9% in March compared to to the previous month.

Economy, capacity utilization,


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