Financial News: Turkey Capacity Utilization Falls To 15-Month Low, Busines

Turkey Capacity Utilization Falls To 15-Month Low, Business Confidence Weakens

07/25/2024 - 04:16:00 (RTTNews)

(RTTNews) - Turkey's manufacturing capacity utilization rate decreased in July to the lowest level in more than a year, and factory confidence worsened further, figures from the central bank showed on Thursday.

The capacity utilization rate dropped to 75.9 percent in July from 76.3 percent in the previous month.

Further, this was the lowest ratio since April 2023, when it was 75.4 percent.

On a seasonally adjusted basis, the capacity utilization rate also declined to 75.9 percent in July from 76.2 percent in the previous month.

Separate data from the central bank showed that the non-adjusted manufacturing confidence index fell to a 7-month low of 100.3 in July from 102.8 in June.

Overall order books and employment are expected to decrease over the next three months, while an increase is anticipated in production.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Swiss Consumers More Pessimistic In August (09 hr(s), 39 min(s), 46 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained more negative in August, survey results from ...Full Story»

U.S. Job Growth Misses Estimates In August But Unemployment Rate Dips (10 hr(s), 12 min(s), 46 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Czech Industrial Output Decline Softens; Trade Deficit Narrows (10 hr(s), 49 min(s), 46 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production decreased for the fifth straight month, ...Full Story»

U.S. Employment Climbs Less Than Expected In August (10 hr(s), 56 min(s), 46 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Eurozone GDP Growth Slows In Q2 (11 hr(s), 22 min(s), 46 sec(s) ago)
(RTTNews) - Euro area economic growth rate for the second quarter was revised down as the positive ...Full Story»

France Industrial Output Falls 0.5% (11 hr(s), 49 min(s), 46 sec(s) ago)
(RTTNews) - France's industrial production decreased more-than-expected in July after reboundi ...Full Story»

Italy Retail Sales Rebound 0.5% (12 hr(s), 36 min(s), 46 sec(s) ago)
(RTTNews) - Italy's retail sales increased more-than expected in July after falling in the pre ...Full Story»

French Trade Gap Narrows In July (13 hr(s), 07 min(s), 46 sec(s) ago)
(RTTNews) - France's trade deficit decreased in July from a year ago as imports fell faster th ...Full Story»