Turkish construction sector confidence down 2.3% in August from July

Turkish construction sector confidence down 2.3% in August from July

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According to the monthly sectoral confidence survey released by the Turkish Statistical Institute (TUIK), the confidence index* for the construction sector in Turkey, which stood at 87.0 points in July this year, decreased by 2.3 percent month on month in August to 85.0 points.

According to the indices based on individual questions asked of Turkish construction sector enterprise executives who own private businesses with 10 or more employees, in August this year the confidence index for construction activities recorded in the latest three months rose by 3.9 percent to 90.2 points month on month.

In August, the current overall order books sub-index decreased by 5.2 percent to 70.0 points, while the sub-index for total employment expectations over the next three months was down by 0.1 percent to 99.9 points, both compared to the previous month.

Meanwhile, in August of the current year, executives’ expectations for sales prices in the next three months increased by 2.5 percent month on month to 116 points.

* Sectoral confidence index values range between zero and 200. When the index is above 100 it indicates an optimistic outlook about the current and the future period of the sector, when it is below 100 it points to a pessimistic outlook.

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