According to data released by the Central Bank of Turkey in November 2019, the capacity utilization rate in the manufacturing industry rose by 0.8 percentage points to 77.2 percent in November. The capacity utilization rate thus rose to the highest level since August 2018.
The Central Bank of Turkey (CBT), according to the statement, which operates in the manufacturing industry by 1,786 workplace responses were evaluated by consolidating the Business Tendency Survey in November.
Seasonally adjusted capacity utilization rate increased by 0.7 points compared to the previous month and reached 76.7 per cent. The capacity utilization rate declined to 74 percent in February this year, following last year's exchange rate attack. Confidence in the real sector, which has been facilitated by the recovery in the economy and interest rate cuts by the Central Bank, continues to rise. According to the Central Bank data, real sector confidence index increased by 1.1 points to 102 in November compared to the previous month. The index has reached its highest level since August 2019. The seasonally adjusted real sector confidence index increased by 1.7 points compared to the previous month and reached its highest level since May 2018 with 105.9.
On the other hand, annual PPI expectation as of the end of the next 12-month period decreased by 1.1 points compared to the previous month was 15.1 per cent.
When the diffusion indices of the survey questions constituting the index were analyzed, the general course, total order amount in the last three months, fixed capital investment expenditure, total amount of existing orders, current finished goods stock and production volume in the next three months affected the index to increase. Expectations for the increase in fixed capital investment expenditures in the next twelve months strengthened. Regarding the general trend in the industry, the ratio of those who stated that they were more optimistic compared to the previous month increased to 15 per cent, while the ratio of those who stated that they remained the same increased to 72.1 per cent, while the ratio of those who stated that they were more pessimistic declined to 12.9 per cent.