Business · Economy · 3 hrs ago
Turkey’s manufacturing capacity use rose as business confidence fell in October
In October, Turkey’s manufacturing capacity use rose to 74.3%, up 0.2 percentage points from September after seasonal adjustment.
The unadjusted rate also rose, reaching 74.5%.
At the same time, the seasonally adjusted business confidence index fell 1.4 points to 101.1.
Views on stocks, investment spending, expected employment and export orders supported the index.
But weaker business outlook and order assessments weighed on confidence, along with expectations for production.
The unadjusted confidence index fell 2.2 points to 99.8.
The figures show factory use increased while business confidence weakened, but no further developments are given.
Seasonally adjusted manufacturing capacity utilization in Türkiye rose to 74.3 percent in October.
The rate was up 0.2 percentage points from September, according to Central Bank data released on Oct. 21.
The seasonally adjusted Real Sector Confidence Index fell 1.4 points to 101.1.
The unadjusted confidence index declined 2.2 points to 99.8.
- Who
- Türkiye’s manufacturing industry and the business sector.
- What
- Capacity utilization rose in October, while business confidence fell.
- When
- October; the Central Bank released the data on Oct. 21.
- Where
- Türkiye.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Seasonally adjusted capacity utilization
- 74.3 percent in October
- Monthly change in adjusted capacity utilization
- Up 0.2 percentage points
- Unadjusted capacity utilization
- 74.5 percent in October
- Seasonally adjusted Real Sector Confidence Index
- 101.1, down 1.4 points
- Unadjusted Real Sector Confidence Index
- 99.8, down 2.2 points