TO RISE: SPM
percent. Accord ng to the SPM est mates, non-agr cultural unemployment ncreased by 0.6 po nts to 12.7 percent. SPM Researcher, P nar Kaynak, stated that exports decreased by 9 percent compared to the prev ous month n June, mports of nvestment goods decl ned by 12 percent and mports of raw mater als by 19 percent. “Cons der ng the mport nput dependency of product on, these developments may be a s gnal of a slowdown n product on. Dur ng the same per od, the ndustr al product on ndex (IPI) decreased by 13.7 po nts and the seasonally- and calendar adjusted IPI by 2.4 po nts. It s not surpr s ng that th s contract on s reflected n the labor markets for July,” she added. The off c al unemployment rate for July w ll be announced on October 15.
Downward trend n capac ty ut l zat on rates
The SPM study stated that the Manufactur ng Industry
Capac ty Ut l zat on Rate for July, wh ch s calculated based on the responses of manufactur ng f rm managers to the CBRT Bus ness Tendency Survey, decreased by 0.7 percentage po nts compared to July 2017 and 78.3 percent n June. Th s f gure s reported to be 0.4 po nts h gher n May.