9,524.59 TRY BIST 100 BIST 100
4.52 CNY CNY CNY
34.68 EUR EUR EUR
32.56 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
45.49 TRY Interest Interest
88.76 USD Fossil Oil Fossil Oil
28.28 USD Silver Silver
4.43 USD Copper Copper
117.60 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,496.44 TRY Gold (gr) Gold (gr)

Turkish construction materials industry production increased by 3.3 percent

In January 2024, Türkiye's construction material industry production increased by 3.3 percent compared to the same period last year.

Turkish construction materials industry production increased by 3.3 percent

The results of the Turkish Construction Material Industrialists' Association (Türkiye İMSAD) Monthly Sector Report for March were announced.

The report, which is evaluated according to the construction sector and construction materials industry, showed that the increase in production in the construction materials industry in January was 3.3 percent.

While an increase was observed in 10 sub-sectors of the construction materials industry, production decreased in 12 sub-sectors.

Considering last year's data, construction material industry production increased by 5.7 percent compared to 2022. The 7.8 percent growth in the construction sector after 5 years had a significant impact on this increase.

Construction sector contributed 1.5 percentage points from election promises

In the upcoming period, urban transformation activities, retrofitting works and earthquake preparedness pledges made by municipalities ahead of local elections are expected to contribute 1.5 percentage points of growth to the construction sector. The ongoing construction of non-residential buildings, public buildings and social facilities, especially in earthquake zones, are among the factors that will accelerate this process. By the end of March, the construction of 78 thousand houses in earthquake zones had been completed, while the target is to complete the construction of 122 thousand more houses by the end of the year.

Public construction activities are expected to contribute 1 percentage point to the growth of the construction sector with ongoing and upcoming priority projects, even though the growth rate of public investments is limited this year. However, residential and non-residential construction activities in the private sector are expected to experience limited growth due to tightening policies and high interest rates and costs.

According to the report, the level of employment in the construction sector continues to increase. Having risen to 1.78 million in the second half of 2023 and maintained its high level in the last quarter, employment fell slightly in January 2024 due to seasonal effects, but still remained above January 2023 and 2022.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

JSIS pioneers wire rod production, elevating Oman's steel industry

Monday, April 22, 2024

UK has requested an extension of steel safeguard measures

Monday, April 22, 2024

America wants to raise tariffs on Chinese steel and aluminum

Monday, April 22, 2024

Baku conference reveals plans to develop metallurgy in Central Asia

Monday, April 22, 2024

Spanish HRC market started the new week with a decrease!

Monday, April 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now