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Turkey Manufacturing Capacity Utilization Increases In March


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Turkey’s manufacturing capacity utilization rate increased in March, figures from the central bank showed on Friday.

The capacity utilization rate rose to 77.3 percent in March from 76.6 percent in February.

On a seasonally adjusted basis, the capacity utilization rate increased to 78.2 percent in March from 77.2 percent in the prior month.

Separate data from the central bank showed that the manufacturing confidence index fell to 108.5 in March from 109.8 in February.

Meanwhile, the seasonally adjusted manufacturing confidence index rose to 108.2 in March from 109.9 in the previous month.

Weekend reads: the slowing housing market and inverted yield curve signal a coming recession

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