Construction Choice Uncertainty

06 Thursday 2023

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According to the Ready Mixed Concrete Index April Report, the activity index has not been able to hold above the threshold value for the last four months. Uncertainty regarding the direction of the economy in the coming months, especially after the Election, is thought to have played a role in the low level of expectations in April. Confidence index, on the other hand, moves on the positive side above the threshold, unlike the expectation. It is thought that the trust index has increased especially after the will for urban transformation and the public policies that have been implemented within this framework. Evaluating the results of the report, Yavuz Işık, Chairman of the Board of THBB, said, “The fact that both the activity and the expectations remain low compared to the previous year points to the weakness of the possibility of a serious recovery in the construction sector in the short term. Especially in the post-election period, the first signals about the direction of the sector are important.” In April, compared to the same period of the previous year, the activity index decreased by 0.9, the expectation index decreased by 0.4, and the confidence index increased by 0.5.