{"status":true,"post":{"id":72256,"user_id":23,"status":1,"type":1,"orde":null,"notification_type":0,"static_post":0,"published_at":"2025-08-15 08:55:00","created_at":"2025-08-15T05:55:00.000000Z","updated_at":"2025-08-15T05:55:00.000000Z","edited_at":"2025-08-15 08:55:00","source_id":null,"post_id":72256,"is_featured":0,"title":"Sanayi \u00fcretim ve kapasite kullan\u0131m verileri ne sinyaller veriyor?","slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"home_title":"Sanayi \u00fcretim ve kapasite kullan\u0131m verileri ne sinyaller veriyor?","sub_title":null,"category_id":73,"description":null,"content":"<p id=\"isPasted\"><strong>En son 13 Mart 2025 tarihli k\u00f6\u015fe yaz\u0131m\u0131zda sanayi \u00fcretim verilerini sizler i\u00e7in analiz etmi\u015ftik. Analizimizde, s\u0131k\u0131 para politikas\u0131n\u0131n ve ABD g\u00fcmr\u00fck tarife politikalar\u0131n\u0131n sanayimiz \u00fczerine etkisine de\u011finmi\u015f, nakit s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131n\u0131n oldu\u011fu d\u00f6nemlerde KDV \u00f6demek i\u00e7in bir\u00e7ok \u015firketin kredi kullanmak zorunda kald\u0131\u011f\u0131ndan bahsetmi\u015ftik.<\/strong><\/p><p><br><\/p><p>\u015eimdi son verileri analiz ederek sanayideki genel durum nas\u0131l, hep birlikte bakal\u0131m. T\u00dc\u0130K taraf\u0131ndan 11 A\u011fustos 2025 g\u00fcn\u00fc yay\u0131nlanan sanayi \u00fcretim endeksinde, Haziran 2025 verilerine g\u00f6re sanayi \u00fcretimi y\u0131ll\u0131k y\u00fczde 8.3 artm\u0131\u015f g\u00f6r\u00fcn\u00fcyor. Daha detaya bakt\u0131\u011f\u0131m\u0131zda da imalat sanayi sekt\u00f6r\u00fcnde \u00fcretim y\u0131ll\u0131k bazda y\u00fczde 9.5 artm\u0131\u015f g\u00f6r\u00fcn\u00fcyor. Peki, sizler bunu hissedebildiniz mi?<\/p><p><br><\/p><p>Gelelim olay\u0131n detay\u0131na. Sanayi \u00fcretimi, 2024 y\u0131l\u0131 haziran ay\u0131nda y\u00fczde 5 d\u00fc\u015fm\u00fc\u015ft\u00fc. Bu veri, o g\u00fcnk\u00fc veriye g\u00f6re olan de\u011fi\u015fimi bize s\u00f6yl\u00fcyor. Ayl\u0131k bazda bakt\u0131\u011f\u0131m\u0131zda imalat sanayinde ayl\u0131k y\u00fczde 0.9 art\u0131\u015f oldu\u011funu g\u00f6r\u00fcyoruz. Dolay\u0131s\u0131yla ayl\u0131k bazda bir s\u0131\u00e7rama s\u00f6z konusu olmad\u0131\u011f\u0131 gibi ge\u00e7en y\u0131lki d\u00fc\u015f\u00fck rakama g\u00f6re bu y\u0131l fark bize ciddi bir \u00fcretim art\u0131\u015f\u0131 varm\u0131\u015f izlenimi veriyor.<\/p><p><br><\/p><p><strong>KAPAS\u0130TE KULLANIM ORANI<\/strong><\/p><p>\u015eimdi anlatacaklar\u0131m\u0131zla durum daha da ilgin\u00e7 bir hal alacak. Y\u0131ll\u0131k bazda y\u00fczde 9.5 art\u0131\u015f olarak a\u00e7\u0131klanan imalat sanayi i\u00e7erisinde elektrik, gaz, buhar sekt\u00f6r\u00fc y\u00fczde 1.1 negatif b\u00fcy\u00fcd\u00fc. Yani enerji sekt\u00f6r\u00fcnde y\u00fczde 1.1 daralma oldu. Dayan\u0131kl\u0131 t\u00fcketim mal\u0131nda da y\u0131ll\u0131k y\u00fczde 1.4 daralma s\u00f6z konusu. Bu arada ayl\u0131k bazda dayan\u0131kl\u0131 t\u00fcketim mal\u0131 \u00fcretimi y\u00fczde 4.4 azald\u0131. Dayan\u0131ks\u0131z t\u00fcketim mal\u0131 \u00fcretimi de y\u00fczde 1.7 darald\u0131. Enerji \u00fcretimi bile ayl\u0131k bazda y\u00fczde 1.2 darald\u0131.\u00a0<\/p><p><br><\/p><p>Peki, neden b\u00f6yle ciddi farkl\u0131l\u0131klar ortaya \u00e7\u0131k\u0131yor? Sebebi, bir \u00f6nceki y\u0131l ayn\u0131 ayda olan \u00fcretim d\u00fc\u015f\u00fc\u015f\u00fcd\u00fcr. Kald\u0131 ki, TCMB taraf\u0131ndan a\u00e7\u0131klanan kapasite kullan\u0131m oran\u0131 Haziran 2025 rakamlar\u0131na bakt\u0131\u011f\u0131m\u0131zda, y\u00fczde 74.6 oldu\u011funu g\u00f6r\u00fcr\u00fcz. Ayn\u0131 ay t\u00fcketim mal\u0131 kapasite kullan\u0131m oran\u0131 sadece y\u00fczde 72.8 olarak ger\u00e7ekle\u015fmi\u015fken, dayan\u0131kl\u0131 t\u00fcketim mallar\u0131 kapasite kullan\u0131m oran\u0131nda kapasite kullan\u0131m\u0131 y\u00fczde 69.5 gibi \u00e7ok d\u00fc\u015f\u00fck seviyelerde a\u00e7\u0131kland\u0131. Dayan\u0131ks\u0131z t\u00fcketim mallar\u0131nda y\u00fczde 73.5, ara mallarda y\u00fczde 75.1 ve yat\u0131r\u0131m mallar\u0131nda y\u00fczde 71.9 kapasite kullan\u0131m\u0131 s\u00f6z konusuyken \u00fcretimde b\u00fcy\u00fck bir art\u0131\u015f olabilir mi? Kald\u0131 ki, 2023 y\u0131l\u0131n\u0131n ortalar\u0131ndan beri kapasite kullan\u0131m oranlar\u0131 istikrarl\u0131 bir \u015fekilde d\u00fc\u015f\u00fcyor.<\/p><p><br><\/p><p><strong>REKABET\u00c7\u0130 OLMANIN EN \u00d6NEML\u0130 YOLU<\/strong><\/p><p>Verileri do\u011fru yorumlamazsak do\u011fru te\u015fhisi koyamay\u0131z. Kald\u0131 ki, daralan kapasite kullan\u0131mlar\u0131 ciddi rekabet sorunlar\u0131n\u0131 da beraberinde getiriyor. Nispeten artan sabit maliyetler nedeniyle rekabet\u00e7i fiyat verilemedi\u011finden bir\u00e7ok sipari\u015f de al\u0131nam\u0131yor. S\u0131k\u0131 para politikas\u0131 uygulamak \u00fcretimin paraya ula\u015fmas\u0131n\u0131 engellemek olmamal\u0131. Kald\u0131 ki, vade ger\u00e7e\u011fi olan piyasalar\u0131m\u0131zda vergilerin bir k\u0131sm\u0131n\u0131 erken \u00f6deyerek \u00e7al\u0131\u015fma sermayesinin azald\u0131\u011f\u0131 da unutulmamal\u0131.\u00a0<\/p><p><br><\/p><p>Enflasyon y\u00fckselirken sanal \u00e7ok g\u00fczel k\u00e2rlar b\u0131rakabilir. Ancak enflasyon d\u00fc\u015f\u00fc\u015f\u00fc rengi pembeden k\u0131rm\u0131z\u0131ya \u00e7evirebilir. O y\u00fczden bu d\u00f6nemlerde rekabet\u00e7i olman\u0131n en \u00f6nemli yolu kapasiteyi y\u00fcksek tutmaktan ge\u00e7iyor.\u00a0<\/p><p><br><\/p>","slug":"sanayi-uretim-ve-kapasite-kullanim-verileri-ne-sinyaller-veriyor","tags":null,"meta_title":"Sanayi \u00fcretim ve kapasite kullan\u0131m verileri ne sinyaller veriyor?","meta_description":"En son 13 Mart 2025 tarihli k\u00f6\u015fe yaz\u0131m\u0131zda sanayi \u00fcretim verilerini sizler i\u00e7in analiz etmi\u015ftik. Analizimizde, s\u0131k\u0131 para politikas\u0131n\u0131n ve ABD g\u00fcmr\u00fck tarife politikalar\u0131n\u0131n sanayimiz \u00fczerine etkisine de\u011finmi\u015f, nakit s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131n\u0131n oldu\u011fu d\u00f6nemlerde KDV \u00f6demek i\u00e7in bir\u00e7ok \u015firketin kredi kullanmak zorunda kald\u0131\u011f\u0131ndan bahsetmi\u015ftik.","meta_keywords":null,"news_cover_min":"\/front\/uploads\/blog\/thumbnail\/17552052004mpxLqT4jRHNMLt.webp","news_cover":null,"news_video_min":null,"news_video":null,"view_count":0,"cropped_1200x675":"\/front\/uploads\/haber\/1200x675\/sanayi-uretim-ve-kapasite-kullanim-verileri-ne-sinyaller-veriyor_1200x675_2PSaueFSBk.webp","user":{"id":23,"name":"H\u0130KMET","surname":"BAYDAR","email":"hikmet-baydar@gmail.com","slug":"hikmet-baydar","avatar":"\/front\/uploads\/avatar\/1733691600m8IdzrjJsMVvSMC.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-10-19T14:42:06.000000Z","updated_at":"2024-12-18T09:49:02.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":72388,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":72256,"locale":"tr","category_id":73,"title":"Sanayi \u00fcretim ve kapasite kullan\u0131m verileri ne sinyaller veriyor?","home_title":"Sanayi \u00fcretim ve kapasite kullan\u0131m verileri ne sinyaller veriyor?","sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":null,"content":"<p id=\"isPasted\"><strong>En son 13 Mart 2025 tarihli k\u00f6\u015fe yaz\u0131m\u0131zda sanayi \u00fcretim verilerini sizler i\u00e7in analiz etmi\u015ftik. Analizimizde, s\u0131k\u0131 para politikas\u0131n\u0131n ve ABD g\u00fcmr\u00fck tarife politikalar\u0131n\u0131n sanayimiz \u00fczerine etkisine de\u011finmi\u015f, nakit s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131n\u0131n oldu\u011fu d\u00f6nemlerde KDV \u00f6demek i\u00e7in bir\u00e7ok \u015firketin kredi kullanmak zorunda kald\u0131\u011f\u0131ndan bahsetmi\u015ftik.<\/strong><\/p><p><br><\/p><p>\u015eimdi son verileri analiz ederek sanayideki genel durum nas\u0131l, hep birlikte bakal\u0131m. T\u00dc\u0130K taraf\u0131ndan 11 A\u011fustos 2025 g\u00fcn\u00fc yay\u0131nlanan sanayi \u00fcretim endeksinde, Haziran 2025 verilerine g\u00f6re sanayi \u00fcretimi y\u0131ll\u0131k y\u00fczde 8.3 artm\u0131\u015f g\u00f6r\u00fcn\u00fcyor. Daha detaya bakt\u0131\u011f\u0131m\u0131zda da imalat sanayi sekt\u00f6r\u00fcnde \u00fcretim y\u0131ll\u0131k bazda y\u00fczde 9.5 artm\u0131\u015f g\u00f6r\u00fcn\u00fcyor. Peki, sizler bunu hissedebildiniz mi?<\/p><p><br><\/p><p>Gelelim olay\u0131n detay\u0131na. Sanayi \u00fcretimi, 2024 y\u0131l\u0131 haziran ay\u0131nda y\u00fczde 5 d\u00fc\u015fm\u00fc\u015ft\u00fc. Bu veri, o g\u00fcnk\u00fc veriye g\u00f6re olan de\u011fi\u015fimi bize s\u00f6yl\u00fcyor. Ayl\u0131k bazda bakt\u0131\u011f\u0131m\u0131zda imalat sanayinde ayl\u0131k y\u00fczde 0.9 art\u0131\u015f oldu\u011funu g\u00f6r\u00fcyoruz. Dolay\u0131s\u0131yla ayl\u0131k bazda bir s\u0131\u00e7rama s\u00f6z konusu olmad\u0131\u011f\u0131 gibi ge\u00e7en y\u0131lki d\u00fc\u015f\u00fck rakama g\u00f6re bu y\u0131l fark bize ciddi bir \u00fcretim art\u0131\u015f\u0131 varm\u0131\u015f izlenimi veriyor.<\/p><p><br><\/p><p><strong>KAPAS\u0130TE KULLANIM ORANI<\/strong><\/p><p>\u015eimdi anlatacaklar\u0131m\u0131zla durum daha da ilgin\u00e7 bir hal alacak. Y\u0131ll\u0131k bazda y\u00fczde 9.5 art\u0131\u015f olarak a\u00e7\u0131klanan imalat sanayi i\u00e7erisinde elektrik, gaz, buhar sekt\u00f6r\u00fc y\u00fczde 1.1 negatif b\u00fcy\u00fcd\u00fc. Yani enerji sekt\u00f6r\u00fcnde y\u00fczde 1.1 daralma oldu. Dayan\u0131kl\u0131 t\u00fcketim mal\u0131nda da y\u0131ll\u0131k y\u00fczde 1.4 daralma s\u00f6z konusu. Bu arada ayl\u0131k bazda dayan\u0131kl\u0131 t\u00fcketim mal\u0131 \u00fcretimi y\u00fczde 4.4 azald\u0131. Dayan\u0131ks\u0131z t\u00fcketim mal\u0131 \u00fcretimi de y\u00fczde 1.7 darald\u0131. Enerji \u00fcretimi bile ayl\u0131k bazda y\u00fczde 1.2 darald\u0131.\u00a0<\/p><p><br><\/p><p>Peki, neden b\u00f6yle ciddi farkl\u0131l\u0131klar ortaya \u00e7\u0131k\u0131yor? Sebebi, bir \u00f6nceki y\u0131l ayn\u0131 ayda olan \u00fcretim d\u00fc\u015f\u00fc\u015f\u00fcd\u00fcr. Kald\u0131 ki, TCMB taraf\u0131ndan a\u00e7\u0131klanan kapasite kullan\u0131m oran\u0131 Haziran 2025 rakamlar\u0131na bakt\u0131\u011f\u0131m\u0131zda, y\u00fczde 74.6 oldu\u011funu g\u00f6r\u00fcr\u00fcz. Ayn\u0131 ay t\u00fcketim mal\u0131 kapasite kullan\u0131m oran\u0131 sadece y\u00fczde 72.8 olarak ger\u00e7ekle\u015fmi\u015fken, dayan\u0131kl\u0131 t\u00fcketim mallar\u0131 kapasite kullan\u0131m oran\u0131nda kapasite kullan\u0131m\u0131 y\u00fczde 69.5 gibi \u00e7ok d\u00fc\u015f\u00fck seviyelerde a\u00e7\u0131kland\u0131. Dayan\u0131ks\u0131z t\u00fcketim mallar\u0131nda y\u00fczde 73.5, ara mallarda y\u00fczde 75.1 ve yat\u0131r\u0131m mallar\u0131nda y\u00fczde 71.9 kapasite kullan\u0131m\u0131 s\u00f6z konusuyken \u00fcretimde b\u00fcy\u00fck bir art\u0131\u015f olabilir mi? Kald\u0131 ki, 2023 y\u0131l\u0131n\u0131n ortalar\u0131ndan beri kapasite kullan\u0131m oranlar\u0131 istikrarl\u0131 bir \u015fekilde d\u00fc\u015f\u00fcyor.<\/p><p><br><\/p><p><strong>REKABET\u00c7\u0130 OLMANIN EN \u00d6NEML\u0130 YOLU<\/strong><\/p><p>Verileri do\u011fru yorumlamazsak do\u011fru te\u015fhisi koyamay\u0131z. Kald\u0131 ki, daralan kapasite kullan\u0131mlar\u0131 ciddi rekabet sorunlar\u0131n\u0131 da beraberinde getiriyor. Nispeten artan sabit maliyetler nedeniyle rekabet\u00e7i fiyat verilemedi\u011finden bir\u00e7ok sipari\u015f de al\u0131nam\u0131yor. S\u0131k\u0131 para politikas\u0131 uygulamak \u00fcretimin paraya ula\u015fmas\u0131n\u0131 engellemek olmamal\u0131. Kald\u0131 ki, vade ger\u00e7e\u011fi olan piyasalar\u0131m\u0131zda vergilerin bir k\u0131sm\u0131n\u0131 erken \u00f6deyerek \u00e7al\u0131\u015fma sermayesinin azald\u0131\u011f\u0131 da unutulmamal\u0131.\u00a0<\/p><p><br><\/p><p>Enflasyon y\u00fckselirken sanal \u00e7ok g\u00fczel k\u00e2rlar b\u0131rakabilir. Ancak enflasyon d\u00fc\u015f\u00fc\u015f\u00fc rengi pembeden k\u0131rm\u0131z\u0131ya \u00e7evirebilir. O y\u00fczden bu d\u00f6nemlerde rekabet\u00e7i olman\u0131n en \u00f6nemli yolu kapasiteyi y\u00fcksek tutmaktan ge\u00e7iyor.\u00a0<\/p><p><br><\/p>","slug":"sanayi-uretim-ve-kapasite-kullanim-verileri-ne-sinyaller-veriyor","orjinalimage":"\/front\/uploads\/blog\/thumbnail\/17552052004mpxLqT4jRHNMLt.webp","news_cover_min":"\/front\/uploads\/blog\/thumbnail\/17552052004mpxLqT4jRHNMLt.webp","news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":"\/front\/uploads\/haber\/638x552\/sanayi-uretim-ve-kapasite-kullanim-verileri-ne-sinyaller-veriyor_638x552_OnTxsgswe4.webp","cropped_310x208":"\/front\/uploads\/haber\/310x208\/sanayi-uretim-ve-kapasite-kullanim-verileri-ne-sinyaller-veriyor_310x208_fflen2Ra4X.webp","cropped_416x247":"\/front\/uploads\/haber\/416x247\/sanayi-uretim-ve-kapasite-kullanim-verileri-ne-sinyaller-veriyor_416x247_xb6REruw3a.webp","cropped_197x247":"\/front\/uploads\/haber\/197x247\/sanayi-uretim-ve-kapasite-kullanim-verileri-ne-sinyaller-veriyor_197x247_bclCJdedq4.webp","cropped_416x600":"\/front\/uploads\/haber\/416x600\/sanayi-uretim-ve-kapasite-kullanim-verileri-ne-sinyaller-veriyor_416x600_8bBdgdqFiN.webp","cropped_1200x675":"\/front\/uploads\/haber\/1200x675\/sanayi-uretim-ve-kapasite-kullanim-verileri-ne-sinyaller-veriyor_1200x675_2PSaueFSBk.webp","tags":null,"meta_title":"Sanayi \u00fcretim ve kapasite kullan\u0131m verileri ne sinyaller veriyor?","meta_description":"En son 13 Mart 2025 tarihli k\u00f6\u015fe yaz\u0131m\u0131zda sanayi \u00fcretim verilerini sizler i\u00e7in analiz etmi\u015ftik. Analizimizde, s\u0131k\u0131 para politikas\u0131n\u0131n ve ABD g\u00fcmr\u00fck tarife politikalar\u0131n\u0131n sanayimiz \u00fczerine etkisine de\u011finmi\u015f, nakit s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131n\u0131n oldu\u011fu d\u00f6nemlerde KDV \u00f6demek i\u00e7in bir\u00e7ok \u015firketin kredi kullanmak zorunda kald\u0131\u011f\u0131ndan bahsetmi\u015ftik.","meta_keywords":null,"view_count":0,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":"\/front\/uploads\/haber\/358x214\/sanayi-uretim-ve-kapasite-kullanim-verileri-ne-sinyaller-veriyor_358x214_sJhs5XOakx.webp","cropped_842x474":"\/front\/uploads\/haber\/842x474\/sanayi-uretim-ve-kapasite-kullanim-verileri-ne-sinyaller-veriyor_842x474_vOIWb1mjW6.webp"}]}}