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Turkey Construction Industry Report 2021/Q3

Along with the new economic problems caused by the Delta variant, the recovery process has caused countries to pursue different economic policies. Rising interest rates and changing monetary policies play an important role in shaping the process. The policies implemented through the recovery process have also been reflected in the construction sector. In this process, Although there was a decrease acceleration in components such as the construction cost index and the share of the construction sector in the GYSH, it was reflected in the reports that components such as housing sales and the employment rate gained an increase momentum. At the same time, when the global market is considered, the activity in the foreign markets continues, and the companies in the Turkish Construction Sector maintain their power and activities in the foreign market. The Construction Sector still maintains its importance in foreign exchange inflows into the country in the 3rd quarter of 2021.

When the activities constituting GYSH are examined, in the third quarter of 2021, depending on the chained volume index compared to the previous year;

* Real estate activities 4.70%

* Industrial activities 10%

• While the service sector increased by 20.70%;

* Finance and insurance activities 19.90%

* Agricultural activities 5.90%

* Construction activities decreased by 6.70%.

In the 3rd quarter of 2021 of the Construction Sector Report, prepared by Entegre Project Management; you can find the opportunity to examine the current situation of the construction industry in Turkey and in the world.

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Industry Reports Aralık 08, 2021 This article read 3720 times
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