“The first quarter was sluggish in construction”


Turkish Ready Mixed Concrete Association (THBB) announced the “Ready-Mixed Concrete Index” March 2022 Report, which shows the current situation and expected developments in the construction and related manufacturing and service sectors.

Activity Index, which saw its lowest value in 20 months in January, was above the threshold value in March as it was in February. While the Confidence Index is at the threshold level, the Expectation Index has increased compared to February, but still fluctuated below the threshold . The Combined Ready Mixed Concrete Index moved upwards as a result of the rise in activity.

In the statement made, it was stated that the expected seasonal increase in the construction sector was not realized at the desired level in March. It was stated that expectations and activity were higher in March of last year. Evaluating the 6-month moving average of

fluctuating course in construction

Activity Index, THBB Chairman of the Board Yavuz Işık said, “When we eliminate the effect of monthly fluctuations, It is understood that the sector has made 2 bottoms and 2 peaks since the first half of 2020, when the effects of the pandemic were felt in the sector. said.

Expressing that it has been clearly seen that the sector has not been operating in an upwardly stable structure for the last 20 months, Yavuz Işık said, “Similar rises and falls are observed in the construction sector, to which the ready mixed concrete sector is dependent, for the same time periods. This performance of the construction sector is also reflected in the growth figures. The need for policies that will enable stable growth in the construction sector, which has been growing unevenly for 7 quarters, has become more important than ever.” said.

About admin


Check Also


Biden’s statement on the 1915 events

US President Biden made a written statement regarding the 1915 events. Biden, in his statement, said, "The Ottoman authorities arrested ...

Leave a Reply

Your email address will not be published.