Turkish construction sector confidence down 4.0% in Mar from Feb

Friday, 26 March 2021 11:21:23 (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 83.1 points in February, decreased by 4.0 percent month on month in March of the current year to 79.8 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 March this year the confidence index for construction activities recorded in the latest three months fell by 6.3 percent to 94.2 points month on month.

In March, the current overall order books sub-index decreased by 0.8 percent to 76.3 points, while the sub-index for total employment expectations over the next three months was down by 6.8 percent to 83.2 points, both compared to the previous month.

Meanwhile, in March of the current year, executives’ expectations for sales prices in the next three months decreased by 3.1 percent month on month to 101.9 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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