RTTNews - Wednesday, a report by the Turkish Statistical Institute or Turkstat said the capacity utilization rate in manufacturing stood at 70.4% in May, up from 66.8% in April. Economists expected the rate to be 68.4%. A year earlier, in May, the rate was 82.4%.

The statistical office cited shortage of demand, financial problems, shortage of raw materials, and labor problems as the main reasons for not working at full capacity levels.

Meanwhile, production quantity rose 7.6% in May from the previous month.

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