Turkey’s manufacturing capacity utilization climbed for the second straight month in May, figures from the central bank showed Friday.
The capacity utilization rate rose to 74.9 percent in May from 74.1 percent in the previous month. The latest figure was the highest since October last year, when it was the same 74.9 percent.
On a seasonally adjusted basis, the capacity utilization rate came in at 74.7 percent in May, up slightly from 74.6 percent in April.
Separately, the central bank announced that industry confidence improved for the sixth consecutive month in May, with the corresponding index increasing to 109.0 from 107.9 in the prior month. The latest score was the highest since June last year, when it marked 110.7.
The material has been provided by InstaForex Company – www.instaforex.com