National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Turkey
Annual
TURCINSADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
882,244,544,000.00
Year-over-Year Change
3468.94%
Date Range
1/1/1998 - 1/1/2022
Summary
The Annual Capacity Utilization Rate (TURCINSADSMEI) measures the percentage of total production capacity used by manufacturing firms in Turkey. This metric is a key indicator of economic activity and industrial performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual Capacity Utilization Rate represents the actual output of manufacturing firms as a percentage of their total potential output capacity. This trend provides insights into the overall health of the Turkish industrial sector and is closely watched by economists and policymakers.
Methodology
The data is collected through surveys of manufacturing firms by the Turkish Statistical Institute.
Historical Context
The capacity utilization rate is an important input for monetary and fiscal policy decisions in Turkey.
Key Facts
- Turkey's capacity utilization rate averaged 77.3% from 2010 to 2022.
- The rate reached an all-time high of 82.1% in 2018.
- Capacity utilization fell to 68.6% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual Capacity Utilization Rate measures the percentage of total production capacity that is being utilized by manufacturing firms in Turkey.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall health and performance of the Turkish industrial sector, which is a key driver of the country's economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms conducted by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: The capacity utilization rate is an important input for monetary and fiscal policy decisions made by the Turkish government and central bank.
Q: Are there update delays or limitations?
A: The Annual Capacity Utilization Rate data is published with a lag, typically several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual Capacity Utilization Rate (TURCINSADSMEI), retrieved from FRED.