Turkish construction confidence declines again in November

Turkey’s Construction Confidence Index has fallen for the past two months, according to the country’s main statistical bureau, the Turkish Statistical Institute (TUIK).

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The index for November came in at 76.2, down by 3.6% from 79 in October and 10.5% lower than September’s 85.1, according to information that TUIK released on November 23.

Construction firms’ overall order books for November fell by 5.8% month-on-month to 67, from 71.2 in October, the TUIK said. This reflects a 6.7% drop from 71.8 in September.

Total employment expectations for the next three months declined by 1.7% in November to 85.3, from October’s 86.8, TUIK added.

November’s index figure reflected a double-digit decrease of 13.3% from September’s 98.4, the institute said.