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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey Capacity Utilization fell to 73.5% in August 2026
FMPMonthlyReleased August 2026
Turkey Capacity Utilization fell to 73.5% in August 2026, down 0.4% from July's 73.9% reading. The reading matched the 74.0% consensus. Capacity Utilization has now declined for 3 consecutive months. Over the past 3 months, Capacity Utilization averaged 74.2%, vs 73.77% in the prior 3-month window. The reading is in the 11th percentile of the trailing 24-month range.
Latest Release
73.5
Actual
74
Consensus
73.9
Previous
Median Absolute Error
±0.52 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 73.83
Actual: 73.5
Error: +0.33
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 |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.67 | COMMODITIES | Moves against | → View |
| S&P 500 | ▲ Direct | +0.67 | INDEX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.30 | CRYPTO | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.29 | FOREX | Moves against | → 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 73.5% in August 2026. This missed the market consensus of 74% by 0.5%. The reading fell from the previous value of 73.9%. Trailing 12-month context per ETL data through August 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 indicator has been trending downward over the last three releases. The trailing three releases averaged 73.97%, up from the prior three at 73.67%. Volatility over the past year (σ 0.41%) is lower than the prior year (σ 0.61%). In August readings over the past 3 years, Capacity Utilization has averaged 74.13%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.52%.
WHAT TO WATCH NEXT
The next release is scheduled for September 21, 2026. Same-country events in the next 14 days include Business Confidence (Sep 21) and Consumer Confidence (Sep 22).
Auto-generated from current model state · Refreshes on each release · Last update August 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 (Aug 2026): actual 73.5 %, consensus 74 %. Prior reading (Jul 2026): 73.9 %. Before that (Jun 2026): 74.5 %.
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 headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.67) — a useful reference for commodities-focused traders.
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EXPECTED ZONE
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Economic Calendar - TR Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | TR | Auto Production YoY | -19.2 | -11 | -28.65 | Low | |
| 07:00 | TR | Auto Sales YoY | -25 | -15 | -27.25 | Low | |