Automotiv Exports July 2022

Capacity utilization rises in May
The capacity utilization rate (CUR) in the
manufacturing sector increased from 77.8
percent in April to 78 percent in May, the
Central Bank said on May 23.
The CUR was 77.3 percent in March.
The durable consumer goods industry used
74.4 percent of its capacity in May, only an
inch higher from the previous month’s 74.2
percent CUR, while the capacity utilization
in the non-durable consumer goods
industry declined from 75.7 percent in April
to 75.4 percent.
In the food and drinks sector, the capacity
utilization increased from 72.7 percent to
72.9 percent and in the consumer goods
manufacturing sector’s CUR eased from
75.4 percent to 75.2 percent.
The Central Bank data also showed that
the investment goods industry increased
its CUR to 75 percent in May from 74.8
percent in the previous month, while
the CUR in the intermediate goods
manufacturing sector rose from 79.7
percent to 80 percent.
The Central Bank separately said on May
23 that the real sector confidence index
declined from 109.7 in April to 109.4 in
May.
Any index figure above the 100-threshold
indicates optimism among businesses.
The gauge of business morale stood at
108.5 in March.
The sub-index for the orders received in the
past three months advanced from 113.2 to
114.5, but the sub-index for exports orders
in the next three months declined from
123.4 to 120.6.
The sub-index measuring the real sector’s
assessment of the general business
condition increased from 83.6 in April
to 87.2 in May. The Turkish Statistical
Insitute (TÜİK) separately reported that the
confidence in the services sector improved
6.1 percent in May from April to 121.7.
The confidence index for the retail industry
was also up 1.7 percent to 121.4, but the
business morale in the construction sector
fell by 2.2 percent to 81.6.
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