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ZƂƉŽƌƚĂũ Ͳ Interview ,ĂďĞƌ DĞƌŬĞnjŝ Ͳ EĞǁƐ ĞŶƚĞƌ
Z Z Z ,ĂďĞƌ Ͳ News
7ŵĂůĂƚ ^ĂŶĂLJŝƐŝŶĚĞ ĂLJŦŇĂŵĂ ^ƺƌƺLJŽƌ ^ĂŶĂLJŝĐŝ zĂƨƌŦŵ WůĂŶůĂƌŦŶŦ ƌƚĞůŝLJŽƌ
tĞĂŬĞŶŝŶŐ ŽŶƟŶƵĞƐ ŝŶ ƚŚĞ DĂŶƵĨĂĐƚƵƌŝŶŐ /ŶĚƵƐƚƌLJ͕ DĂŶƵĨĂĐƚƵƌĞƌƐ ƌĞ WŽƐƚƉŽŶŝŶŐ /ŶǀĞƐƚŵĞŶƚ WůĂŶƐ
dƺƌŬŝLJĞ 7ŵĂůĂƚ WD/ ǀĞƌŝůĞƌŝŶĞ ŐƂƌĞ According to Turkey Manufacturing
ĞŬŝŵ ĂLJŦŶĚĂ ϰϱ͕ϴ ŽůĂŶ ŵĂŶƔĞƚ WD/͕ WD/ ĚĂƚĂ͕ ƚŚĞ ŚĞĂĚůŝŶĞ WD/͕ ǁŚŝĐŚ
ŬĂƐŦŵ ĂLJŦŶĚĂ ĂƌƚĂƌĂŬ ϰϴ͕ϯ ŽůĚƵ͘ ƔŝŬ was 45.8 in October, increased to
ĚĞŒĞƌŝŶ ĂůƨŶĚĂ ŬĂůĂŶ ďƵ ŐƂƐƚĞƌŐĞͲ 48.3 in November. It is observed that
ŶŝŶ͕ ŵĂLJŦƐ ĂLJŦŶĚĂŶ ďƵ LJĂŶĂ ĞŶ ŚĂĮĨ this indicator, which remained below
ĚƺnjĞLJĚĞ ŐĞƌĕĞŬůĞƔƟŒŝ ŝnjůĞŶŝLJŽƌ͘ zŦůͲ the threshold value, has been real-
ďĂƔŦŶĚĂŶ ďĞƌŝ ŝŵĂůĂƚ ƐĂŶĂLJŝƐŝŶŝŶ ŐƂƐͲ ized at its mildest level since May.
W> ^& ŽĂƌĚ ŚĂŝƌŵĂŶ PŵĞƌ <Ă-
ƚĞƌŐĞůĞƌůĞ ĚĂƌĂůŵĂ ŝĕŝŶĚĞ LJĞƌ ĂůĚŦŒŦŶŦ radeniz, who said that the manufac-
ƐƂLJůĞLJĞŶ W> ^& zƂŶĞƟŵ <ƵƌƵůƵ turing industry has been in contrac-
ĂƔŬĂŶŦ PŵĞƌ <ĂƌĂĚĞŶŝnj͕ ŬĂƐŦŵ ĂLJŦŶͲ ƟŽŶ ƐŝŶĐĞ ƚŚĞ ďĞŐŝŶŶŝŶŐ ŽĨ ƚŚĞ LJĞĂƌ͕
ĚĂ dƺƌŬ ŝŵĂůĂƚ ƐĞŬƚƂƌƺŶƺŶ WD/ ǀĞƌŝͲ ƐƚĂƚĞĚ ƚŚĂƚ ƚŚĞ ƐŝŐŶŝĮĐĂŶƚ ŝŵƉƌŽǀĞ-
ůĞƌŝŶĚĞ ŐƂƌƺůĞŶ ŬĂLJĚĂ ĚĞŒĞƌ ŝLJŝůĞƔŵĞ ŵĞŶƚ ƐŝŐŶƐ ƐĞĞŶ ŝŶ ƚŚĞ WD/ ĚĂƚĂ ŽĨ
ďĞůŝƌƟůĞƌŝŶŝŶ ŝƐĞ ƐĞǀŝŶĚŝƌŝĐŝ ŽůĚƵŒƵŶƵ the Turkish manufacturing sector in
ďĞůŝƌƫ͘ ŶĐĂŬ ŐĞŶĞů ŝƟďĂƌŦLJůĂ ŝŵĂůĂƚ EŽǀĞŵďĞƌ ǁĞƌĞ ƉůĞĂƐŝŶŐ͘ ,ŽǁĞǀĞƌ͕
ƐĂŶĂLJŝƐŝŶĚĞŬŝ njĂLJŦŇĂŵĂŶŦŶ ĚĞǀĂŵ Karadeniz, who stated that the weak-
ĞƫŒŝŶŝ ďĞůŝƌƚĞŶ <ĂƌĂĚĞŶŝnj͕ ŐĞƌĞŬůŝ ening in the manufacturing industry
ĂĚŦŵůĂƌŦŶ ĂƨůŵĂŵĂƐŦ ĚƵƌƵŵƵŶĚĂ ĐŽŶƟŶƵĞƐ ŝŶ ŐĞŶĞƌĂů͕ ƌĞƉŽƌƚĞĚ ƚŚĂƚ ŝĨ
ƐĂŶĂLJŝĐŝŶŝŶ LJĂƨƌŦŵ ƉůĂŶůĂƌŦŶŦ ƂƚĞůĞͲ the necessary steps are not taken, in-
LJĞĐĞŒŝŶŝ ďƵŶƵŶ ĚĂ ŐĞŶĞů ďŝƌ ĚƵƌŐƵŶͲ dustrialists will postpone their invest-
ment plans, which will bring about a
ůƵŒƵ ďĞƌĂďĞƌŝŶĚĞ ŐĞƟƌĞĐĞŒŝŶŝ ďŝůĚŝƌͲ ŐĞŶĞƌĂů ƐƚĂŐŶĂƟŽŶ͘
Ěŝ͘
ƵĞ ƚŽ ƚŚĞ ĐŽŶƟŶƵĂƟŽŶ ŽĨ ĚŝĸĐƵůƚ
,Ğŵ ŬƺƌĞƐĞů ŚĞŵ ĚĞ ƺůŬĞŵŝnjĚĞŬŝ njŽƌůƵ ƉŝLJĂƐĂ ŬŽƔƵůůĂƌŦŶŦŶ ƐƺƌͲ ŵĂƌŬĞƚ ĐŽŶĚŝƟŽŶƐ ďŽƚŚ ŐůŽďĂůůLJ ĂŶĚ ŝŶ ŽƵƌ ĐŽƵŶƚƌLJ͕ Ă ĚŽǁŶ-
ŵĞƐŝ ƐĞďĞďŝLJůĞ ŝŵĂůĂƚ ƐĂŶĂLJŝ ƉĞƌĨŽƌŵĂŶƐŦŶĚĂ LJŦůďĂƔŦŶĚĂŶ ďĞƌŝ ward trend has been observed in the manufacturing industry
ĚƺƔƺƔ ĞŒŝůŝŵŝ ŐƂƌƺůƺLJŽƌ͘ mƐƚ ƺƐƚĞ ĂnjĂůĂŶ ŝŵĂůĂƚ ƺƌĞƟŵŝ ƐĞďĞͲ performance since the beginning of the year. Due to the con-
ďŝLJůĞ ŝƐƟŚĚĂŵ ǀĞ ƐĂƨŶ ĂůŵĂ ĨĂĂůŝLJĞƚůĞƌŝŶĚĞ ŐĞƌŝůĞŵĞ ŬĂLJĚĞĚŝͲ ƐĞĐƵƟǀĞ ĚĞĐƌĞĂƐĞ ŝŶ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ƉƌŽĚƵĐƟŽŶ͕ ĞŵƉůŽLJŵĞŶƚ
ůŝLJŽƌ͘ dƺƌŬ ůŝƌĂƐŦŶĚĂŬŝ njĂLJŦŇŦŬ ǀĞ ĞŶŇĂƐLJŽŶŝƐƚ ďĂƐŬŦůĂƌ ĚĂ ŐŝƌĚŝ ĂŶĚ ƉƵƌĐŚĂƐŝŶŐ ĂĐƟǀŝƟĞƐ ĂƌĞ ĚĞĐůŝŶŝŶŐ͘ dŚĞ ǁĞĂŬŶĞƐƐ ŝŶ ƚŚĞ
ŵĂůŝLJĞƚůĞƌŝŶĚĞ ĂƌƨƔĂ ƐĞďĞƉ ŽůƵLJŽƌ͘ dƵƌŬŝƐŚ ůŝƌĂ ĂŶĚ ŝŶŇĂƟŽŶĂƌLJ ƉƌĞƐƐƵƌĞƐ ĂƌĞ ĂůƐŽ ĐĂƵƐŝŶŐ ĂŶ ŝŶ-
crease in input costs.
ŬŽŶŽŵŝŬ ďƺLJƺŵĞŶŝŶ ƂŶĐƺ ŐƂƐƚĞƌŐĞƐŝ ŽůĂƌĂŬ ŬĂďƵů ĞĚŝůĞŶ 7^K ĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ /^K dƵƌŬĞLJ DĂŶƵĨĂĐƚƵƌŝŶŐ WD/ ƐƵƌǀĞLJ ƌĞƐƵůƚƐ͕
dƺƌŬŝLJĞ 7ŵĂůĂƚ WD/ ĂŶŬĞƚ ƐŽŶƵĕůĂƌŦŶĂ ŐƂƌĞ ĞŬŝŵĚĞ ϰϱ͕ϴ ŽůĂŶ which is accepted as the leading indicator of economic growth,
ŵĂŶƔĞƚ WD/ ŬĂƐŦŵ ĂLJŦŶĚĂ ĂƌƚĂƌĂŬ ϰϴ͕ϯ ŽůĚƵ͘ ƔŝŬ ĚĞŒĞƌ ŽůĂŶ ƚŚĞ ŚĞĂĚůŝŶĞ WD/͕ ǁŚŝĐŚ ǁĂƐ ϰϱ͘ϴ ŝŶ KĐƚŽďĞƌ͕ ŝŶĐƌĞĂƐĞĚ ƚŽ ϰϴ͘ϯ
ϱϬ͛ŶŝŶ ƺnjĞƌŝŶĚĞ ƂůĕƺůĞŶ ƚƺŵ ƌĂŬĂŵůĂƌŦŶ ƐĞŬƚƂƌĚĞ ŝLJŝůĞƔŵĞLJĞ ŝŶ EŽǀĞŵďĞƌ͘ ĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ ƐƵƌǀĞLJ ƌĞƐƵůƚƐ͕ ǁŚĞƌĞ Ăůů ĮŐƵƌĞƐ
ŝƔĂƌĞƚ ĞƫŒŝ ĂŶŬĞƚ ƐŽŶƵĕůĂƌŦŶĂ ŐƂƌĞ ŬĂƐŦŵ ĂLJŦ 7ŵĂůĂƚ WD/ ŶͲ measured above the threshold value of 50 indicate improve-
ĚĞŬƐŝ ϰϴ͕ϯ ŝůĞ ĚƺƔƺŬ ŬĂůĂƌĂŬ͕ ĨĂĂůŝLJĞƚ ŬŽƔƵůůĂƌŦŶĚĂ ďŽnjƵůŵĂ ƐŝŶͲ ŵĞŶƚ ŝŶ ƚŚĞ ƐĞĐƚŽƌ͕ ƚŚĞ DĂŶƵĨĂĐƚƵƌŝŶŐ WD/ /ŶĚĞdž ĨŽƌ EŽǀĞŵďĞƌ
LJĂůůĞƌŝŶŝŶ ĚĞǀĂŵ ĞƫŒŝŶŝ ŐƂƐƚĞƌĚŝ͘ ƌĞŵĂŝŶĞĚ ůŽǁ Ăƚ ϰϴ͘ϯ͕ ŝŶĚŝĐĂƟŶŐ ƚŚĂƚ ƐŝŐŶĂůƐ ŽĨ ĚĞƚĞƌŝŽƌĂƟŽŶ ŝŶ
ŽƉĞƌĂƟŶŐ ĐŽŶĚŝƟŽŶƐ ĐŽŶƟŶƵĞĚ͘
WůĂƐƟŬ ^ĂŶĂLJŝĐŝůĞƌŝ &ĞĚĞƌĂƐLJŽŶƵ ;W> ^& Ϳ zƂŶĞƟŵ <ƵƌƵůƵ
ĂƔŬĂŶŦ PŵĞƌ <ĂƌĂĚĞŶŝnj͕ ŬĂƐŦŵ ĂLJŦŶĚĂ dƺƌŬ ŝŵĂůĂƚ ƐĞŬƚƂƌƺͲ PŵĞƌ <ĂƌĂĚĞŶŝnj͕ ŚĂŝƌŵĂŶ ŽĨ ƚŚĞ ŽĂƌĚ ŽĨ ŝƌĞĐƚŽƌƐ ŽĨ ƚŚĞ
ŶƺŶ WD/ ǀĞƌŝůĞƌŝŶĚĞ ŐƂƌƺůĞŶ ŬĂLJĚĂ ĚĞŒĞƌ ŝLJŝůĞƔŵĞ ďĞůŝƌƟůĞƌŝͲ WůĂƐƟĐƐ /ŶĚƵƐƚƌŝĂůŝƐƚƐ &ĞĚĞƌĂƟŽŶ ;W> ^& Ϳ͕ ƐĂŝĚ ƚŚĂƚ ƚŚĞ ƐŝŐ-
ŶŝŶ ƐĞǀŝŶĚŝƌŝĐŝ ŽůĚƵŒƵŶƵ ƐƂLJůĞĚŝ͘ ŶĐĂŬ ŐĞŶĞů ŝƟďĂƌŦLJůĂ WD/ ŶŝĮĐĂŶƚ ƐŝŐŶƐ ŽĨ ŝŵƉƌŽǀĞŵĞŶƚ ƐĞĞŶ ŝŶ ƚŚĞ WD/ ĚĂƚĂ ŽĨ ƚŚĞ dƵƌŬ-
ǀĞƌŝůĞƌŝŶĞ ŐƂƌĞ ŝŵĂůĂƚ ƐĂŶĂLJŝƐŝŶŝŶ ĚĂƌĂůŵĂ ďƂůŐĞƐŝŶĞ ŐŝƌĚŝŒŝŶŝ ŝƐŚ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ƐĞĐƚŽƌ ŝŶ EŽǀĞŵďĞƌ ǁĞƌĞ ƉůĞĂƐŝŶŐ͘ ,ŽǁĞǀ-
Ğƌ͕ WƌĞƐŝĚĞŶƚ <ĂƌĂĚĞŶŝnj͕ ǁŚŽ ƐƚĂƚĞĚ ƚŚĂƚ ƚŚĞ ŵĂŶƵĨĂĐƚƵƌŝŶŐ
ďŝůĚŝƌĞŶ ĂƔŬĂŶ <ĂƌĂĚĞŶŝnj͕ ďƺLJƺŵĞĚĞŬŝ LJĂǀĂƔůĂŵĂŶŦŶ ĞŶ ďƺͲ ŝŶĚƵƐƚƌLJ ŚĂĚ ĞŶƚĞƌĞĚ Ă ĐŽŶƚƌĂĐƟŽŶ njŽŶĞ ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ WD/
LJƺŬ ŶĞĚĞŶůĞƌŝŶĚĞŶ ďŝƌŝŶŝŶ ŝŵĂůĂƚ ƐĂŶĂLJŝƐŝŶĚĞŬŝ njĂLJŦŇĂŵĂŶŦŶ data in general, pointed out that one of the biggest reasons for
ŽůĚƵŒƵŶĂ ŝƔĂƌĞƚ Ğƫ͘ the slowdown in growth was the weakening in the manufac-
turing industry.
^ŦŬŦ ĮŶĂŶƐŵĂŶ ŬŽƔƵůůĂƌŦ͕ ũĞŽƉŽůŝƟŬ ŐĞƌŝůŝŵůĞƌ ǀĞ ƟĐĂƌĞƚ ŬŽƌƵͲ
ŵĂĐŦůŦŒŦ Őŝďŝ ĨĂŬƚƂƌůĞƌŝŶ͕ ŝŵĂůĂƚ ƐĂŶĂLJŝƐŝŶŝ ŽůƵŵƐƵnj LJƂŶĚĞ ĞƚͲ EŽƟŶŐ ƚŚĂƚ ĨĂĐƚŽƌƐ ƐƵĐŚ ĂƐ ƟŐŚƚ ĮŶĂŶĐŝŶŐ ĐŽŶĚŝƟŽŶƐ͕ ŐĞŽƉŽ-
ŬŝůĞĚŝŒŝŶŝ ŬĂLJĚĞĚĞŶ <ĂƌĂĚĞŶŝnj͕ ŐĞƌĞŬůŝ ĂĚŦŵůĂƌŦŶ ĂƨůŵĂŵĂƐŦ ůŝƟĐĂů ƚĞŶƐŝŽŶƐ ĂŶĚ ƚƌĂĚĞ ƉƌŽƚĞĐƟŽŶŝƐŵ ŶĞŐĂƟǀĞůLJ ĂīĞĐƚĞĚ ƚŚĞ
ĚƵƌƵŵƵŶĚĂ ƐĂŶĂLJŝĐŝŶŝŶ LJĂƨƌŦŵ ƉůĂŶůĂƌŦŶŦ ƂƚĞůĞLJĞďŝůĞĐĞŒŝŶŝ manufacturing industry, Karadeniz stated that if the necessary
ďĞůŝƌƫ͘ bŝƌŬĞƚůĞƌŝŶ ŵĞǀĐƵƚ ŬĂLJŶĂŬůĂƌŦŶŦ ŬŽƌƵŵĂ ǀĞ ŵĂůŝLJĞƚůĞͲ steps were not taken, industrialists could postpone their in-
ƌŝ ŵŝŶŝŵŝnjĞ ĞĚĞďŝůŵĞŬ ŝĕŝŶ LJĂƨƌŦŵ ǀĞ ďƺLJƺŵĞ ƉůĂŶůĂƌŦŶŦ ƌĂĨĂ vestment plans. Karadeniz, who stated that companies have
ŬĂůĚŦƌĚŦŒŦŶŦ ĂŶůĂƚĂŶ <ĂƌĂĚĞŶŝnj͕ ƐĂŶĂLJŝLJĞ ǀĞƌŝůĞŶ ĚĞƐƚĞŒŝŶ ĂƌƚͲ shelved their investment and growth plans in order to protect
ŵĂƐŦŶŦ ŝƐƚĞĚŝ͘ ƚŚĞŝƌ ĞdžŝƐƟŶŐ ƌĞƐŽƵƌĐĞƐ ĂŶĚ ŵŝŶŝŵŝnjĞ ĐŽƐƚƐ͕ ĐĂůůĞĚ ĨŽƌ ĂŶ ŝŶ-
crease in support given to the industry.
Ϯϲ KĐĂŬ Ͳ :ĂŶƵĂƌLJ ϮϬϮϱ
