Trade Resources Economy The Confidence Index for The Construction Sector in Turkey Increased by 1.8 Percent

The Confidence Index for The Construction Sector in Turkey Increased by 1.8 Percent

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 82.2 points in August of the current year, increased by 1.8 percent month on month in September to 83.6 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 September this year the confidence index for construction activities recorded in the latest three months, which stood at 89.8 points in August, increased by 0.5 percent to 90.3 points.

In September, the current overall order books sub-index increased by 2.8 percent to 64.8 points, while the sub-index for total employment expectations over the next three months increased by 1.1 percent to 102.4 points, both compared to the previous month.

Meanwhile, in September this year, executives' expectations for sales prices in the next three months increased by 1.7 percent month on month to 105.4 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.

Source: http://www.steelorbis.com/steel-news/latest-news/turkish-construction-sector-confidence-increases-in-september-847253.htm
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Turkish Construction Sector Confidence Increases in September
Topics: Metallurgy