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Turkish Construction, Turkish Construction Sector Confidence Index Rose in October

Turkish Construction Sector Confidence Index Rose in October

The Turkish Statistical Institute has announced the Turkish Economic Confidence Index report for October 2019.

According to the data, confidence in the Turkish economy has increased, and the construction sector confidence index has also risen.

The Turkish Statistics Institute published its report about Economic Confidence Index for October 2019.

While the Turkish Economic Confidence Index was announced as 86 in September, it is increased by 4.5% and reached 89.8 in October.

Construction Sector Confidence Index Up 8.3%

Due to the improvement in the Turkish economy in general, the Economic Confidence Index started to rise, and the construction sector confidence index increased by 8.3% compared to the previous month and reached 65.1 in October.

The real sector confidence index has the largest share in the rise among economic indicators.

Also Read: Top 10 Cities For Foreigners Buying Real Estate in Turkey

Economic Confidence and Change Index for October 2019

 IndexThe rate of change compared to the previous month (%)
09/201910/201909/201910/2019
Economic Confidence Index86.089.8-1.34.5
Consumer Confidence Index55.857.0-4.32.1
Real Sector Confidence Index99.7104.2-2.44.5
Service Confidence Index

 

89.390.70.21.6
Retail Confidence Index97.6102.32.74.8
Construction Confidence Index

 

60.165.18.38.3

The increase in the economic confidence index resulted from the increases in consumer, real sector (manufacturing industry), services, retail trade, and construction sector confidence indices.

In October, the consumer confidence index rose to 57, and the real sector confidence index rose to 104.2.

However, the service sector confidence index rose to 90.7, the retail sector confidence index rose to 102.3, and the construction sector confidence index rose to 65.1.

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Turkish Construction, Turkish Construction Sector Confidence Index Rose in October
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