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Turkish construction sector confidence up 3.2% in September from August

Monday, 26 September 2016 15:56:39 (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 79.4 points in August this year, increased by 3.2 percent month on month in September to 82 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 90.9 points in August, increased by 5.9 percent to 96.2 points.
 
In September, the current overall order books sub-index increased by 0.3 percent to 64.6 points, while the sub-index for total employment expectations over the next three months moved up by 5.2 percent to 99.4 points, both compared to the previous month.
 
Meanwhile, in September of the current year, executives' expectations for sales prices in the next three months rose by 2.5 percent month on month to 107.3 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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