Turkey’s basic metal manufacturing industry’s capacity utilization was rangebound at 80pc in August compared to 80.4pc in the year-ago month but declined by 2.1pc to 80pc from 81.7pc in July, according to the Central Bank of Turkey’s early data.
Capacity utilization in general manufacturing rose robustly to 77.1pc in August from 73.3.1pc in the same month last year and was up against July’s 76.7pc.
Turkey’s capacity utilization rate in the manufacture of metal products, excluding machinery and equipment, increased to 75.9pc in August against 71.7pc last year but inched down from 76pc in July.
Turkey’s confidence index in the construction segment rose by 7.1pc in August to 92.4 from 86.3 in July, according to the Turkish Statistical Institute (TUIK). The three-month construction index grew by 4.6pc to 90.8 in August compared to the previous month’s rolling calculation. Indexes above 100 indicate optimistic confidence, hence, Turkey’s expectations in construction are moving towards a positive trend.
Turkey’s overall consumer confidence index fell by 1.6pc to 78.2pc in August from 79.5pc in July and dropped against 79.4pc in August 2020.
Executive expectations for sales prices continue to trend up with an increase of 1pc to a 122.5 index in August against July. Compared to July, the August order books sub-index and employment expectations sub-index rose by 5.4pc and 8.5pc, respectively, to 83 and 101.8 points.