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 95.9 points in March this year, increased by 3.7 percent month on month in March, rising to 99.5 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 past three months, which stood at 81.1 points in March, increased by 26.3 percent to 102.4 points, indicating an optimistic climate.
According to executives' answers, the index for written orders received in the construction sector in April increased by 3.6 percent month on month to 69.3 points. Executives' expectations for sales prices in the next three months rose by 4.6 percent month on month to 126.6 points.
Meanwhile, players in the sector indicate insufficient demand and financing problems, according to the research results. In April, construction business executives said they thought their current work was enough to maintain activities in the sector for nine months.
* 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.