Turkish construction sector confidence up 0.6 percent in Jan from Dec

Wednesday, 25 January 2023 11:12:15 (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 92.6 points in December last year, increased by 0.6 percent month on month in January of the current year to 93.2 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 the given month, the confidence index for construction activities recorded in the latest three months rose by 3.1 percent to 106.0 points month on month.

In January, the current overall order books sub-index moved up by seven percent to 86.1 points, while the sub-index for total employment expectations over the next three months fell by 4.4 percent to 100.2 points, both compared to the previous month.

Meanwhile, in the given month, executives’ expectations for sales prices in the next three months grew by 0.6 percent month on month to 130.3 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.


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