Turkish construction sector confidence increases in April

Thursday, 24 April 2014 15:41:55 (GMT+3)   |   Istanbul
       

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 78.2 points in March of the current year, increased by 0.3 percent month on month in April to 78.4 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 April this year the confidence index for construction activities recorded in the latest three months, which stood at 97.5 points in March, decreased by 5.3 percent to 92.1 points.

In April, the current overall order books sub-index decreased by 1.7 percent to 61.7 points, while the sub-index for total employment expectations over the next three months increased by 1.6 percent to 95.0 points, both compared to the previous month.

Meanwhile, in April this year, executives' expectations for sales prices in the next three months increased by 3.5 percent month on month to 104.5 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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