Turkey Capacity Utilization Improves In December, Factory Confidence Falls

(RTTNews) - Capacity utilization in the Turkish manufacturing sector improved in December, while industrial confidence declined, data released by the Turkish central bank showed on Wednesday.

The capacity utilization rate for the manufacturing industry rose to 76 percent from 75.6 percent in November. In October, the rate was 76.4.

Among the different sub-sectors, capacity utilization increased in intermediate goods and investment goods manufacturing.

Separately, the central bank reported that business confidence weakened for a third successive month in December. The indicator fell to 102.1, equaling January's level, from 104.5.

The latest score was the lowest since 97.9 recorded in December last year.