Turkish manufacturing capacity at 72.5% utilisation
According to Türkiye’s State Institute of Statistics, DIE, the country’s manufacturing industry operated at 72.5 percent capacity in July - down from 76.4 percent recorded in July 2000.
Fifty six percent of the 691 businesses sampled attributed their problems to low domestic demand, with just over nine percent citing low overseas demand. Three percent said production was down because of cash flow problems, while another three percent blamed a shortage of locally-produced raw materials. Other problems cited included labour and imported raw material shortages.
Fifty percent of businesses polled expected their output to increase in August while seventeen percent anticipated a decline. Forty eight percent anticipated that domestic sales would increase, while 14.5 percent were expecting a fall.
During the second quarter of the year, capacity utilisation in the Turkish manufacturing sector slipped to an average seventy percent, compared to seventy six percent in the year-before period.
