Turkish construction sector confidence down 2.1% in Dec from Nov

Wednesday, 26 December 2018 16:26:11 (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 56.6 points in November this year, decreased by 2.1 percent month on month in Deceember to 55.4 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 December this year the confidence index for construction activities recorded in the latest three months remained stable compared to the previous month at 59.9 points.

In December, the current overall order books sub-index decreased by 13.5 percent to 39.3 points, while the sub-index for total employment expectations over the next three months rose by 5.5 percent to 71.5 points, both compared to the previous month.

Meanwhile, in December of the current year, executives' expectations for sales prices in the next three months increased by 4.6 percent month on month to 97.6 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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