Turkish construction sector confidence down 2.0% in Sept from Aug

Thursday, 24 September 2020 13:43:11 (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 85.0 points in August this year, decreased by 2.0 percent month on month in September to 83.3 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 September this year the confidence index for construction activities recorded in the latest three months fell by 2.1 percent to 88.3 points month on month.

In September, the current overall order books sub-index decreased by 0.1 percent to 69.9 points, while the sub-index for total employment expectations over the next three months was down by 3.3 percent to 96.6 points, both compared to the previous month.

Meanwhile, in September of the current year, executives' expectations for sales prices in the next three months decreased by 4.2 percent month on month to 111.1 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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