Turkish construction sector confidence up 1.6 percent in June from May

Wednesday, 24 June 2015 12:24:04 (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 83.42 points in May of the current year, increased by 1.6 percent month on month in June to 83.4 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 June this year the confidence index for construction activities recorded in the latest three months, which stood at 96.2 points in May, fell by 1.9 percent to 94.1 points.

In June, the current overall order books sub-index increased by 3.4 percent to 69.9 points, while the sub-index for total employment expectations over the next three months moved up by 0.4 percent to 99.5 points, both compared to the previous month.

Meanwhile, in June this year, executives' expectations for sales prices in the next three months increased by 3.5 percent month on month to 110.5 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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