Turkish construction sector confidence down 3.1% in Apr from Mar

Tuesday, 27 April 2021 11:58:05 (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 79.8 points in March, decreased by 3.1 percent month on month in April of the current year to 77.3 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 April this year the confidence index for construction activities recorded in the latest three months fell by 6.3 percent to 88.3 points month on month.

In April, the current overall order books sub-index decreased by 1.8 percent to 74.9 points, while the sub-index for total employment expectations over the next three months was down by 4.3 percent to 79.7 points, both compared to the previous month.

Meanwhile, in April of the current year, executives’ expectations for sales prices in the next three months increased by 8.1 percent month on month to 110.2 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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