Contraction in Construction Sector Continues

contraction in construction sector continues
contraction in construction sector continues

Turkey Ready Mixed Concrete Association (TRMCA), construction and associated therewith in the manufacturing and services sector expected developments revealed by the current situation "Ready Mixed Concrete Index" report of May 2019 announced. In the Report, all indices are below the threshold; construction and related sectors are far from the desired levels. Lower expectations and confidence levels compared to the activity lowered the possibility of revival in the construction sector in the future.

Turkey Ready Mixed Concrete Association (TRMCA), every month anticipated construction and associated therewith in the manufacturing and services sector expected developments revealed by the current situation "Ready Mixed Concrete Index" report of May 2019 announced. This index is one of the most important indicators of the growth rate of the construction sector, which is one of the most important inputs of the construction sector and also used in the construction of ready-mixed concrete without being stocked within a short period of time after production.

Ready-Mixed Concrete Index In 2019 May Report, all indices are below the threshold; it was far from the desired levels in the construction and related sectors and at the same time the expectation of mobilization was very weak. Due to the limited effect of seasonally related increases, the rising level of activity was down again in May. Lower expectations and confidence levels compared to the activity lowered the possibility of a revival in the construction sector in the future.

Ready-Mixed Concrete Index According to the 2019 May Report, the Activity Index was almost the same as last year, while other indices decreased compared to the same period of the previous year. Following a significant decline in May of last year, the sector's activities in May of this year did not make any progress. The fact that the expectation declined compared to last year showed that concrete producers believe that the sector will not be on the track with its internal dynamics unless there is an external acceleration to the construction sector.

“50 thousand urban regeneration projects will be an important opportunity for the construction sector players, especially ready-mixed concrete, to breathe”

Ready-Mixed Concrete Index European Ready-Mixed Concrete Association (ERMCO) and THBB Chairman Yavuz Işık, evaluating the results of 2019 May Report, said, “All indices are below the threshold; construction and related sectors are far from the desired levels. ”

Evaluating the developments in the construction sector, Yavuz Işık said, dışında In the first quarter of the year, there is no other double-digit contraction except for 10,9, which contracted significantly in the first quarter of the year. In the recent global crisis, the construction sector, which contracted by double digits, has been going back at an increasing rate for the last 3 quarter. At this point, 50 thousand urban transformation projects will be an important opportunity for the construction sector players, especially ready-mixed concrete, to breathe within the scope of the urban transformation project planned to be announced by the Minister of Environment and Urbanization in the near future. With the right planning and the measures to be taken for the efficient distribution of resources, a new move can be initiated in urban transformation and the contraction in the construction sector will be curbed. ”

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