Turkish construction sector confidence down 3.5% in Nov from Oct

Monday, 26 November 2018 12:29:01 (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 58.7 points in October this year, decreased by 3.5 percent month on month in November to 56.6 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 November this year the confidence index for construction activities recorded in the latest three months fell by 4.1 percent month on month to 59.9 points.

In November, the current overall order books sub-index decreased by five percent to 45.4 points, while the sub-index for total employment expectations over the next three months moved down by 2.5 percent to 67.7 points, both compared to the previous month.

Meanwhile, in November of the current year, executives' expectations for sales prices in the next three months declined by 8.9 percent month on month to 93.3 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.


Similar articles

Turkish construction sector confidence down 3.6% in March from February

22 Mar | Steel News

Real estate sales in Turkey up 16.9 percent in February from January

14 Mar | Steel News

Turkish construction sector confidence up 1.0% in February from January

23 Feb | Steel News

Real estate sales in Turkey down 42 percent in January from December

16 Feb | Steel News

Turkish construction sector confidence up 3.3% in January from December

25 Jan | Steel News

Real estate sales in Turkey down 17.5 percent in 2023

19 Jan | Steel News

Turkish construction sector confidence down 3.3% in Dec from Nov

27 Dec | Steel News

Real estate sales in Turkey down 3.0 percent in November from October

15 Dec | Steel News

Turkish construction sector confidence up 2.2% in Nov from Oct

24 Nov | Steel News

Real estate sales in Turkey down 8.7 percent in October from September

16 Nov | Steel News