Turkish construction sector confidence down 1.3% in Feb from Jan

Monday, 22 February 2021 15:18:16 (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 84.2 points in January, decreased by 1.3 percent month on month in February of the current year to 83.1 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 February this year the confidence index for construction activities recorded in the latest three months rose by 0.2 percent to 100.5 points month on month.

In February, the current overall order books sub-index increased by 1.6 percent to 76.9 points, while the sub-index for total employment expectations over the next three months was down by 3.6 percent to 89.3 points, both compared to the previous month.

Meanwhile, in February of the current year, executives’ expectations for sales prices in the next three months decreased by 5.6 percent month on month to 105.2 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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