Manufacturing

The capacity utilization rate (CUR) in the Turkish manufacturing industry slightly fell on a monthly basis in March, the country's Central Bank announced on March 26. 

Local manufacturing industry units operated at 74.7% of their capacity this month, down 0.2 percentage points from February, according to the bank survey.

Turkey's manufacturing industry used 75.4% of its production capacity in January, marking a slight drop month-on-month, the country's Central Bank reported on Jan. 25. 

The capacity utilization rate (CUR) of the manufacturing industry inched down by 0.2 percentage points from 75.6% last month.

Turkey's industrial productivity increased by 2.84% year-on-year from July to September, the Industry and Technology Ministry said on Dec. 11. 

Calendar adjusted index of production per person employed stood at 114.09 in the third quarter of 2020, rising from 110.23 in the same period last year, according to official figures.

The Defence Ministry (MApN) on Wednesday announced that the Cantacuzino Institute released on Wednesday only 942 bottles of the dietary supplement OROSTIM-HV, which strengthens the body's immunity to respiratory infections, but production can be increased if privately-owned companies get involved.

Turkey's manufacturing industry used 62.6% of its capacity in May, the country's Central Bank said on May 22.

The capacity utilization rate (CUR) of the sector rose 1 percentage points on a monthly basis, the bank survey showed.

Turkey's manufacturing industry used 61.6% of its capacity in April, the country's Central Bank said on April 24. 

The manufacturing capacity utilization rate fell 13.7 percentage points on a monthly basis in April, the bank survey showed, reflecting the impact of the coronavirus pandemic.

Finland's new Prime Minister Sanna Marin plans to introduce a four-day work week with 6-hour business days.

According to her, a flexible schedule will allow workers to spend more time with their families. Marin believes this would also increase labor productivity.

The proposal was welcomed by Education Minister Li Andersson, the Daily Mail reported.

Turkey's carpet export valued at $2.5 billion in 2019, up 11.9 percent year-on-year, a sector board of the Turkish Exporters' Assembly said on Jan. 3.

"We aim to raise this figure to $3 billion in 2020," said the Carpet Industries Board Chairman Salahattin Kaplan.

Turkey sold carpets to 181 countries last year, according to the board head.

Technologic innovations should be adapted to the production to raise productivity, the Turkish industry and technology minister said on Oct. 31.

The Bank of Greece estimates that the impact of the investment incentives bill currently being debated in Parliament will amount to a 5-percentage point increase in gross domestic product, a 3.6-percentage point rise in employment, along with a reduction in undeclared labor, while investments will increase by 4.9 percentage points over the next decade.