According to data released by the central bank on Monday, capacity utilization rates in manufacturing increased by 7.5 percent in February over the same month last year, but stayed stable compared to January at 67.8 percent. In addition, the expectations index, an index derived from a survey of business actors in the real sector, also increased by 3.4 points for the second half of February, to reach 105.4.
Highlighting that seasonal effects can lead to small changes in the capacity utilization rate, Ergün, in a written statement, stated that these indicators were signs that the Turkish economy was gradually improving and steadily exiting the crisis. “The global financial crisis has not completely derailed us from our economic trajectory, it has only slowed us down. The important thing is that we haven’t taken any hits to our medium and long-term growth potential.” noted Ergün.
