India, Aug. 25 -- Turkey's manufacturing capacity utilization rate decreased in August to the lowest level in nearly two-and-a-half years, while factory confidence improved slightly, figures from the central bank showed on Monday.
The capacity utilization rate dropped to 73.5 percent in August from 74.2 percent in the previous month. Further, a similar rate was last seen in March 2023.
On a seasonally adjusted basis, the capacity utilization rate also declined to 73.6 percent in August from 74.1 percent in the previous month.
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Separate data from the central bank showed that the non-adjusted manufacturing confidence index rose to 100.6 in August from 100....