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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey Capacity Utilization fell to 73.9% in July 2026
FMPMonthlyReleased July 2026
Turkey Capacity Utilization fell to 73.9% in July 2026, down 0.6% from June's 74.5% reading. The reading matched the 74.7% consensus. Over the past 3 months, Capacity Utilization averaged 74.35%, vs 73.53% in the prior 3-month window. The reading is in the 20th percentile of the trailing 24-month range.
Latest Release
73.9
Actual
74.7
Consensus
74.5
Previous
Median Absolute Error
±0.59 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 74.75
Actual: 73.9
Error: +0.85
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.67 | INDEX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.43 | COMMODITIES | Moves against | → View |
| BTC/USD | ▲ Direct | +0.28 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Capacity Utilization (Turkey) was reported at 73.9% in July 2026. This missed the market consensus of 74.7% by 0.8%. The reading fell from the previous value of 74.5%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 73.99%, ranging from 73.3% to 74.5% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 74.2%, up from the prior three at 73.73%. Volatility over the past year (σ 0.41%) is lower than the prior year (σ 0.53%). In July readings over the past 3 years, Capacity Utilization has averaged 74.67%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.59%.
WHAT TO WATCH NEXT
The next release is scheduled for August 21, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Aug 3) and Inflation Rate YoY (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Capacity Utilization - TR
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About Capacity Utilization — Turkey
DEFINITION
Capacity Utilization is a financial indicator that measures the extent to which a company or industry is utilizing its maximum production capacity. It is calculated by dividing the actual output by the potential output and is expressed as a percentage. This indicator provides valuable insights into the efficiency and productivity of a business, as well as its potential for growth and expansion. A high capacity utilization rate indicates that a company is operating at optimal levels, while a low rate may suggest room for improvement and potential cost savings. Overall, capacity utilization is a key metric for assessing the overall health and performance of a company or industry.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 73.9 %, consensus 74.7 %. Prior reading (Jun 2026): 74.5 %. Before that (May 2026): 74.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.67) — a useful reference for index-focused traders.
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Economic Calendar - TR Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | TR | Tourism Revenues | 15.9 | 9.9 | 18 | 16.95 | Low |
| 07:00 | TR | Exports | 24.9 | 22.4 | 24.94 | 25.91 | Low |
| 07:00 | TR | Imports | 35.3 | 28.1 | 35.3 | 36.40 | Low |
| 07:00 | TR | Balance of Trade | -10.37 | -5.65 | -10.4 | -10.52 | Medium |
| 08:00 | TR | Tourist Arrivals YoY | -4.02 | -3.58 | -3 | -3.51 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | TR | Producer Price Index YoY | 28.09 | 27.4 | 27.45 | Low | |
| 07:00 | TR | Inflation Rate MoM | 0.99 | 1.83 | 2.28 | Medium | |
| 07:00 | TR | Producer Price Index MoM | 1.8 | 1 | 1.30 | Low | |
| 07:00 | TR | Inflation Rate YoY | 32.11 | 31.8 | 32.36 | Medium | |
| 07:00 | TR | Istanbul Chamber of Industry Manufacturing PMI | 47.1 | 47.5 | 46.25 | Low | |