Capacity utilization rate up 1.2 percent in March
Posted by meb at April 17th, 2007
Turkey’s capacity utilization rate — a measure of actual output compared to potential output — increased by 1.2 percent year-on-year in March 2007.
According to the results of the Turkish Statistics Institute’s (TurkStat) monthly trends survey, Turkey’s capacity utilization rate increased to 81.9 percent in March this year from 80.7 percent in March 2006, based on figures taken from the primarily provisional results of 4,250 manufacturing industrial establishments.
The shortfall against maximum output in March of 2007 was due to the following factors, according to the TurkStat research: shortage of demand in the domestic market, 45.7 percent; shortage of foreign demand, 20.6 percent; financial problems, 5.1 percent; shortage of raw domestic materials, 4.7 percent; shortage of raw, imported materials, 3.1 percent; and labor problems, 2.1 percent.
From a month-on month perspective, production quantity decreased by 6.3 percent in March but is expected to increase by 6.7 percent in April. Similarly sales quantity decreased by 9.6 percent in the same month, but is forecast to increase by 4.1 percent this month. Sales prices dropped 1.2 percent in March but are likely to rise by 0.5 percent in April, while raw material prices went down 1.1 percent last month but are expected to increasse 0.6 percent this month.
source: Today’s Zaman
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