Business · Economy · 52 mins ago
Türkiye's construction production fell 6.3% in September
Türkiye's construction production fell 6.3% year on year in September, according to data from the Turkish Statistics Institute.
The figures compare production with September a year earlier and also show a 2.7% drop from August.
Building construction fell 9.3% and specialized construction activities fell 8.9% year on year, while civil engineering rose 12.7%.
The monthly figures show declines across all three areas: buildings fell 2.9%, civil engineering 0.3% and specialized activities 4%.
This means the overall construction sector contracted, even as civil engineering grew compared with a year earlier.
The data also showed services production rose 2.1% year on year in September, but no next steps were given.
Türkiye’s construction production fell 6.3 percent year-on-year in September, according to data from the Turkish Statistics Institute.
Production also decreased 2.7 percent compared with August.
The construction of buildings index fell 9.3 percent year-on-year, while specialized construction activities declined 8.9 percent.
The civil engineering index increased 12.7 percent year-on-year.
All three construction subsectors fell month-on-month.
- Who
- The Turkish Statistics Institute (TÜİK) reported the data.
- What
- Construction production fell 6.3 percent year-on-year in September.
- When
- September; TÜİK released the data on Nov. 13.
- Where
- Türkiye.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Construction production fell 6.3 percent year-on-year and 2.7 percent compared with the previous month.
TÜİK released the construction production data.
- Year-on-year change
- Construction production fell 6.3 percent.
- Month-on-month change
- Construction production fell 2.7 percent.
- Buildings index
- Down 9.3 percent year-on-year.
- Civil engineering index
- Up 12.7 percent year-on-year.
- Specialized construction activities index
- Down 8.9 percent year-on-year.