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Turkey

Turkish industrial capacity utilisation edges up

Turkey’s manufacturing industry used more of its capacity in March, the central bank said.

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Turkey’s manufacturing industry used more of its capacity in March, the central bank said.

Capacity utilisation increased to 74.3 percent this month from 74 percent in February, the central bank said on its website on Monday.

Turkey’s economy entered a recession in the final quarter of 2018. Investors are looking for signs of economic recovery after the government slashed taxes and provided financial help to embattled consumers and businesses.

Manufacturers used more of their capacity in all areas of production, including in durable and non-durable consumer goods, investment goods and intermediate items, the central bank said.

Source: Turkish Minute

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