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 74.5 points in February this year, increased by 3.7 percent month on month in March to 77.2 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 March this year the confidence index for construction activities recorded in the latest three months fell by 3.4 percent to 86.7 points month on month.
In March, the current overall order books sub-index rose by 1.2 percent to 61.1 points, while the sub-index for total employment expectations over the next three months increased by 5.4 percent to 93.4 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 five percent month on month to 104.6 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.