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 85.3 points in July this year, decreased by 2.2 percent month on month in August, falling to 83.4 points. The confidence index for the Turkish construction sector fell for the fifth consecutive month in August on month-on-month basis, after three successive months of strong month-on-month increase recorded in the January-March period.
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, which stood at 106.1 points in July, decreased by 2.6 percent to 103.3 points.
Meanwhile, the decrease in the construction confidence index was due to the month-on-month decline recorded in the August sub-index for current overall order books and total employment expectations over the next three months. The current overall order books sub-index decreased by 4.6 percent in August to 66.9 points, while the sub-index for total employment expectations over the next three months decreased by 0.6 percent to 99.9 points, both compared to the previous month.
However, executives' expectations for sales prices in the next three months increased 3.2 percent month on month to 107.9 points in August this year.
* 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.