{"id":2638,"date":"2026-01-22T10:28:00","date_gmt":"2026-01-22T07:28:00","guid":{"rendered":"https:\/\/www.merceknet.com\/tr\/?p=2638"},"modified":"2026-01-22T10:28:00","modified_gmt":"2026-01-22T07:28:00","slug":"imalatta-kapasite-kullanimi-ocakta-yatay-seyretti","status":"publish","type":"post","link":"https:\/\/www.merceknet.com\/tr\/2026\/01\/22\/imalatta-kapasite-kullanimi-ocakta-yatay-seyretti\/","title":{"rendered":"\u0130malatta Kapasite Kullan\u0131m\u0131 Ocakta Yatay Seyretti"},"content":{"rendered":"

T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131\u2019n\u0131n (TCMB) Ocak 2026 tarihli \u201c\u0130malat Sanayi Kapasite Kullan\u0131m Oran\u0131\u201d b\u00fclteninde, kapasite kullan\u0131m\u0131nda mevsimsel ar\u0131nd\u0131rma yap\u0131l\u0131p yap\u0131lmamas\u0131na g\u00f6re farkl\u0131la\u015fan<\/strong> bir g\u00f6r\u00fcn\u00fcm \u00f6ne \u00e7\u0131kt\u0131. Buna g\u00f6re mevsimsel etkilerden ar\u0131nd\u0131r\u0131lm\u0131\u015f KKO (KKO-MA)<\/strong>, bir \u00f6nceki aya g\u00f6re 0,2 puan artarak %74,4<\/strong> seviyesine y\u00fckseldi. Buna kar\u015f\u0131l\u0131k mevsimsel etkilerden ar\u0131nd\u0131r\u0131lmam\u0131\u015f KKO<\/strong> ise 0,3 puan gerileyerek %74,1<\/strong> olarak kaydedildi. Veriler, \u00fcretim hatt\u0131nda \u201cgenel seyrin yataya yak\u0131n\u201d oldu\u011funa i\u015faret ederken; ar\u0131nd\u0131r\u0131lm\u0131\u015f serideki s\u0131n\u0131rl\u0131 art\u0131\u015f, takvim ve d\u00f6nemsel etkiler d\u0131\u015far\u0131da b\u0131rak\u0131ld\u0131\u011f\u0131nda imalat taraf\u0131nda k\u0131smi bir toparlanma e\u011filiminin<\/strong> korunabildi\u011fini g\u00f6sterdi.<\/p>\n

1.752 \u0130\u015f Yerinin Yan\u0131tlar\u0131yla Hesapland\u0131<\/h3>\n

B\u00fcltende yer alan hesaplamalar, imalat sanayinde faaliyet g\u00f6steren 1.752 i\u015f yerinin<\/strong> TCMB\u2019nin \u0130ktisadi Y\u00f6nelim Anketi<\/strong>\u2019ne verdi\u011fi yan\u0131tlar\u0131n toplula\u015ft\u0131r\u0131lmas\u0131yla olu\u015fturuldu. Bu \u00e7er\u00e7evede kapasite kullan\u0131m oran\u0131, firmalar\u0131n mevcut \u00fcretim kapasitelerine k\u0131yasla fiili kullan\u0131m d\u00fczeyini yans\u0131tan bir \u00f6nc\u00fc g\u00f6sterge<\/strong> niteli\u011fi ta\u015f\u0131yor. TCMB, sonu\u00e7lar\u0131 Resm\u00ee \u0130statistik Program\u0131 (R\u0130P) kapsam\u0131nda yay\u0131mlarken, anket tabanl\u0131 bu veri seti imalat sanayinin k\u0131sa vadeli nabz\u0131n\u0131 izlemek a\u00e7\u0131s\u0131ndan piyasalar taraf\u0131ndan yak\u0131ndan takip ediliyor.<\/p>\n

\"\"<\/p>\n

Ayl\u0131k G\u00f6r\u00fcn\u00fcm: Ar\u0131nd\u0131r\u0131lm\u0131\u015f Seride S\u0131n\u0131rl\u0131 Toparlanma, Ba\u015fl\u0131k Veride Geri \u00c7ekilme<\/strong><\/p>\n

Ocak 2026 verileri, kapasite kullan\u0131m\u0131nda \u00f6l\u00e7\u00fcm y\u00f6ntemine g\u00f6re ayr\u0131\u015fan<\/strong> bir tablo ortaya koydu. Mevsimsel etkilerden ar\u0131nd\u0131r\u0131lm\u0131\u015f KKO (KKO-MA)<\/strong>, Aral\u0131k 2025\u2019e k\u0131yasla 0,2 puan artarak %74,4<\/strong>\u2019e y\u00fckselirken; ar\u0131nd\u0131r\u0131lmam\u0131\u015f KKO<\/strong> ayn\u0131 d\u00f6nemde 0,3 puan d\u00fc\u015f\u00fc\u015fle %74,1<\/strong> seviyesine indi.
\nBu ayr\u0131\u015fma, y\u0131l\u0131n ilk ay\u0131na \u00f6zg\u00fc takvim\/i\u015fg\u00fcn\u00fc kompozisyonu ve d\u00f6nemsel \u00fcretim ak\u0131\u015f\u0131n\u0131n<\/strong> man\u015fet veriyi a\u015fa\u011f\u0131 \u00e7ekerken, ar\u0131nd\u0131r\u0131lm\u0131\u015f serinin \u201caltta yatan e\u011filimi\u201d daha net yakalayabildi\u011fine i\u015faret ediyor. Ba\u015fka bir ifadeyle, imalat sanayinde genel kapasite kullan\u0131m\u0131 yatay banda<\/strong> yak\u0131n seyrederken, ar\u0131nd\u0131r\u0131lm\u0131\u015f serideki art\u0131\u015f zay\u0131f ama pozitif<\/strong> bir momentumun korundu\u011funu g\u00f6steriyor.<\/p>\n

Mal Gruplar\u0131: Dayan\u0131kl\u0131 T\u00fcketimde Zay\u0131fl\u0131k \u00d6ne \u00c7\u0131kt\u0131<\/h3>\n

Mal gruplar\u0131 k\u0131r\u0131l\u0131m\u0131, talep kompozisyonu a\u00e7\u0131s\u0131ndan daha belirgin bir sinyal veriyor. Ocak 2026 itibar\u0131yla kapasite kullan\u0131m oranlar\u0131 (KKO, %) \u015fu \u015fekilde ger\u00e7ekle\u015fti:<\/p>\n

    \n
  • Ara mallar\u0131:<\/strong> %75,2<\/strong><\/li>\n
  • Dayan\u0131ks\u0131z t\u00fcketim mallar\u0131:<\/strong> %72,4<\/strong><\/li>\n
  • Yat\u0131r\u0131m mallar\u0131:<\/strong> %71,5<\/strong><\/li>\n
  • T\u00fcketim mallar\u0131 (toplam):<\/strong> %71,2<\/strong><\/li>\n
  • Dayan\u0131kl\u0131 t\u00fcketim mallar\u0131:<\/strong> %65,5<\/strong><\/li>\n<\/ul>\n

    K\u0131r\u0131l\u0131m\u0131n i\u015faret etti\u011fi temel nokta, en d\u00fc\u015f\u00fck seviyenin dayan\u0131kl\u0131 t\u00fcketimde<\/strong> olu\u015fmas\u0131. Dayan\u0131kl\u0131 t\u00fcketim mallar\u0131nda kapasite kullan\u0131m\u0131n\u0131n %65,5<\/strong>\u2019te kalmas\u0131; otomotiv, beyaz e\u015fya, mobilya gibi kalemlerde talebin daha hassas<\/strong> seyretti\u011fine, firmalar\u0131n da \u00fcretim planlar\u0131n\u0131 ihtiyatl\u0131<\/strong> tuttu\u011funa i\u015faret ediyor. Buna kar\u015f\u0131l\u0131k ara mallar\u0131ndaki %75,2\u2019lik<\/strong> seviye, tedarik zinciri ve ara girdi \u00fcretiminde kapasite kullan\u0131m\u0131n\u0131n g\u00f6rece daha diri<\/strong> kald\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n

    \"\"<\/p>\n

    Bu tablo, Ocak ay\u0131nda imalat sanayinin genelinde keskin bir k\u0131r\u0131lma<\/strong> ya\u015fanmad\u0131\u011f\u0131n\u0131; buna kar\u015f\u0131n i\u00e7 talebe daha duyarl\u0131<\/strong> alanlarda, \u00f6zellikle dayan\u0131kl\u0131 t\u00fcketim<\/strong> ekseninde zay\u0131fl\u0131\u011f\u0131n daha g\u00f6r\u00fcn\u00fcr hale geldi\u011fini g\u00f6steriyor. Dayan\u0131kl\u0131 gruptaki d\u00fc\u015f\u00fck kapasite kullan\u0131m\u0131, firmalar\u0131n yeni sipari\u015f ve stok dengesini g\u00f6zeterek \u00fcretim temposunu temkinli<\/strong> tuttu\u011funa i\u015faret ederken; ara mallar\u0131ndaki g\u00f6rece y\u00fcksek seviye, \u00fcretim zincirinin \u201c\u00e7ekirdek\u201d b\u00f6l\u00fcm\u00fcnde faaliyetin nispeten canl\u0131<\/strong> kald\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor.<\/p>\n

    Sekt\u00f6rler: Zirvede A\u011fa\u00e7 \u00dcr\u00fcnleri, Dipte Deri<\/h3>\n

    Sekt\u00f6rel da\u011f\u0131l\u0131m, kapasite kullan\u0131m\u0131n\u0131n imalat i\u00e7inde homojen<\/strong> ilerlemedi\u011fini ortaya koyuyor. TCMB b\u00fcltenindeki tabloya g\u00f6re (Tablo 1, s.2) Ocak 2026\u2019da en y\u00fcksek kapasite kullan\u0131m\u0131<\/strong> birka\u00e7 sekt\u00f6rde %80 band\u0131n\u0131n \u00fczerine ta\u015f\u0131n\u0131rken, baz\u0131 sekt\u00f6rlerde %60\u2019lar<\/strong> dikkat \u00e7ekti.<\/p>\n

    Y\u00fcksek kapasite kullan\u0131m\u0131na sahip sekt\u00f6rler<\/strong> aras\u0131nda:<\/p>\n

      \n
    • A\u011fa\u00e7 \u00fcr\u00fcnleri:<\/strong> %84,1<\/strong><\/li>\n
    • T\u00fct\u00fcn:<\/strong> %84,0<\/strong><\/li>\n
    • K\u00e2\u011f\u0131t:<\/strong> %83,5<\/strong><\/li>\n
    • Di\u011fer ula\u015f\u0131m ara\u00e7lar\u0131:<\/strong> %79,0<\/strong><\/li>\n
    • Eczac\u0131l\u0131k \u00fcr\u00fcnleri:<\/strong> %78,3<\/strong><\/li>\n<\/ul>\n

      Bu grubun ortak noktas\u0131; baz\u0131 kalemlerde ihracat ve sipari\u015f ak\u0131\u015f\u0131n\u0131n<\/strong> kapasiteyi yukar\u0131da tutabilmesi, baz\u0131 kalemlerde ise (\u00f6rne\u011fin eczac\u0131l\u0131k) talebin g\u00f6rece daha istikrarl\u0131<\/strong> seyretmesi. Ayr\u0131ca a\u011fa\u00e7 \u00fcr\u00fcnleri ve k\u00e2\u011f\u0131t taraf\u0131ndaki y\u00fcksek oranlar, \u00fcretimde talep s\u00fcreklili\u011fi<\/strong> bulunan alt segmentlerde kapasite kullan\u0131m\u0131n\u0131n g\u00fc\u00e7l\u00fc kald\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n

      D\u00fc\u015f\u00fck kapasite kullan\u0131m\u0131n\u0131n \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 sekt\u00f6rler<\/strong> ise:<\/p>\n

        \n
      • Deri:<\/strong> %61,5<\/strong><\/li>\n
      • Makine ve ekipman:<\/strong> %63,7<\/strong><\/li>\n
      • Bas\u0131m:<\/strong> %66,6<\/strong><\/li>\n<\/ul>\n

        Bu tarafta g\u00f6r\u00fclen d\u00fc\u015f\u00fck seviyeler, \u00f6zellikle yat\u0131r\u0131m e\u011filimiyle daha yak\u0131n ili\u015fkili<\/strong> makine-ekipman gibi sekt\u00f6rlerde sipari\u015flerin daha dalgal\u0131 seyredebilece\u011fine; deri ve bas\u0131m gibi alanlarda ise talep ko\u015fullar\u0131n\u0131n ve maliyet bask\u0131lar\u0131n\u0131n \u00fcretim kararlar\u0131n\u0131 bask\u0131layabildi\u011fine<\/strong> i\u015faret ediyor. Sonu\u00e7 olarak sekt\u00f6rel k\u0131r\u0131l\u0131m, Ocak ay\u0131nda imalat\u0131n genelinde yataya yak\u0131n seyre ra\u011fmen, kapasite kullan\u0131m\u0131n\u0131n sekt\u00f6rden sekt\u00f6re belirgin bi\u00e7imde ayr\u0131\u015ft\u0131\u011f\u0131n\u0131<\/strong> net bi\u00e7imde ortaya koyuyor.<\/p>\n

        \"\"<\/p>\n

        Not: Petrol \u00dcr\u00fcnleri Alt Sekt\u00f6r\u00fcnde Veri Yay\u0131mlanm\u0131yor<\/h3>\n

        B\u00fcltende, \u201ckok k\u00f6m\u00fcr\u00fc ve rafine edilmi\u015f petrol \u00fcr\u00fcnleri imalat\u0131\u201d<\/strong> alt sekt\u00f6r\u00fcne ait KKO verilerinin istatistiki gizlilik<\/strong> gerek\u00e7esiyle yay\u0131mlanmad\u0131\u011f\u0131 bilgisi de yer ald\u0131.<\/p>\n

         <\/p>\n","protected":false},"excerpt":{"rendered":"

        T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131\u2019n\u0131n (TCMB) Ocak 2026 \u201c\u0130malat Sanayi Kapasite Kullan\u0131m Oran\u0131\u201d b\u00fcltenine g\u00f6re, mevsimsel etkilerden ar\u0131nd\u0131r\u0131lm\u0131\u015f KKO bir \u00f6nceki aya k\u0131yasla 0,2 puan artarak %74,4 oldu. Mevsimsel etkilerden ar\u0131nd\u0131r\u0131lmam\u0131\u015f KKO ise 0,3 puan azal\u0131\u015fla %74,1 seviyesine geriledi.<\/p>\n","protected":false},"author":2,"featured_media":2643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi"],"yoast_head":"\n\u0130malatta Kapasite Kullan\u0131m\u0131 Ocakta Yatay Seyretti - Merceknet Haber<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.merceknet.com\/tr\/2026\/01\/22\/imalatta-kapasite-kullanimi-ocakta-yatay-seyretti\/\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u0130malatta Kapasite Kullan\u0131m\u0131 Ocakta Yatay Seyretti - Merceknet Haber\" \/>\n<meta property=\"og:description\" content=\"T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131\u2019n\u0131n (TCMB) Ocak 2026 \u201c\u0130malat Sanayi Kapasite Kullan\u0131m Oran\u0131\u201d b\u00fcltenine g\u00f6re, mevsimsel etkilerden ar\u0131nd\u0131r\u0131lm\u0131\u015f KKO bir \u00f6nceki aya k\u0131yasla 0,2 puan artarak %74,4 oldu. 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