Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 29/02/2020 04:37 
08.11.2019 14:57 News >> Turkish Construction Sector Sees 2-Month Recovery

Turkish Construction Sector Sees 2-Month Recovery

For first time in 2 years, construction sees increased dynamism for 2 consecutive months, shows report.

For the first time in two years, Turkey saw increasing dynamism in its construction sector for two months in a row, a report from the Turkish Ready Mixed Concrete Association (THBB) revealed Friday.
The acceleration, which began in September and continued through October, indicates a significant recovery in the sector compared to the same period last year, according to the Ready-Mixed Concrete Index.
THBB chairman Yavuz Isik said the construction sector benefits from a period of low interest rates in the country and greater involvement by foreign investors.
However, while all indices increased compared to October 2018, the Confidence Index rose at the slowest rate, suggesting that permanent improvement has not yet been realized.
"At times when the risk appetite and economic confidence is weakened, the sector becomes fragile," said Isik.
He added that sector actors' hopes would be "somewhat satisfied" by increased optimism in global trade, reduced geopolitical risks, interest rate cuts by the Turkish Central Bank and improved expectations by credit rating agencies.
"Although the effects have not yet been fully reflected, the recent interest rate cuts led to a 15% of increase in housing sales in September," he said. -



        Latest News
Guinea Postpones Elections, Referendum Set For March 1 13 minutes ago...
President Alpha Conde does not specify new date in interview.
Chinese Olympic Champion Swimmer Banned 8 Years 28 minutes ago...
Three time gold medalist Sun Yang sanctioned for violating anti doping rules.
Malaysian Group Condemns Violence Against India Muslims -17 minutes ago...
Youth group urges international community to pressure India to stop oppressing minorities.
ITB Berlin Tourism Fair Canceled Due To COVID-19 -2 minutes ago...
Fair was schedeuled from March 4 8.
Fenerbahce Snaps Two-Game Losing Streak In Euroleague 13 minutes ago...
Yellow Navies beat Spain's Valencia Basket 93 86.

 
      Top News
Lebanon Bans Entry Of Passengers From Virus-Hit States Lebanon Bans Entry Of Passengers From Virus-Hit States
Israel Confirms 4Th Coronavirus Case Israel Confirms 4Th Coronavirus Case
4 More Iranian Deputies Test Positive For Coronavirus 4 More Iranian Deputies Test Positive For Coronavirus
NBA: Sabonis Leads Pacers Win Over Trail Blazers NBA: Sabonis Leads Pacers Win Over Trail Blazers
Turkish Stocks Down At Friday's Open Turkish Stocks Down At Friday's Open
UPDATE- US Center: No Fraud Evidence In Bolivia's October Polls UPDATE- US Center: No Fraud Evidence In Bolivia's October Polls
Lavrov Meets Fatah Member In Moscow Lavrov Meets Fatah Member In Moscow
15 Child Soldiers Released In South Sudan 15 Child Soldiers Released In South Sudan
Largest-Ever Delegation From EU Meets Africa Largest-Ever Delegation From EU Meets Africa
UN Rights Chief Concerned By India Violence UN Rights Chief Concerned By India Violence