Construction sector growth 7,4% during the January-September 2016 period

Construction sector growth 7,4% during the January-September 2016 period

Türkiye IMSAD, Association of Turkish Construction Material Producers (Türkiye IMSAD) released December 2016 Sector Report.

Below are the headlines from the executive summary:

. Construction expenditures revised from 200 billion TL to 450 billion TL for 2016.

. Construction sector growth 1,4% in the third quarter of 2016.

. Construction sector growth 7,4% during the January-September period.

. Construction confidence index decreased 2,2point in December.

. Existing construction activities dropped 8,4 point in December.

. New construction orders dropped 2,7 point in December.

. House sales increased 25,1% in November of 2016.

. First sales of House sales rose 24,5% in November of 2016.

. Mortgaged sales of House sales increased 71,4% in November of 2016.

. House sales to foreigners dropped 19,5% during the January-November period.

. Share of construction sector in national income realized as 8,5%

. Construction materials sector industrial production increased 0,5% in October.

. Construction materials export decreased 8,2% in October of 2016.

. Construction materials import decreased 7,7% in October of 2016.

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