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" 2019 announced its August report. Although there was a mobility in construction activities, this level remained below the required level. The limited decrease in the Confidence Index compared to the same period of the previous year indicated that the current bottleneck of the construction sector has not disappeared.
Turkey Ready Mixed Concrete Association (TRMCA) the current situation in the Ready Mixed Concrete Index every month announced the construction industry and related manufacturing and service sectors in Turkey and reveals the expected developments. 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.
THBB announces the 2019 August Report of the highly anticipated Ready-Mixed Concrete Index each month. Although there was a mobility in construction activities, this level remained below the required level. In the Report, which shows that the sector players still have confidence problems in the construction sector, the expectation regarding the coming period increased, but remained below the threshold value.
According to the 2019 August Report, three other indexes excluding confidence increased compared to the same period of the previous year. In particular, the limited decline in the Confidence Index indicated that the current bottleneck of the construction sector has not disappeared. In August, compared to the same month of the previous year, there was a shift in activity, but this movement was not enough.
Güven As the confidence environment is established in the economy, the speed of economic activity will increase ”
Ready-Mixed Concrete Index European Ready-Mixed Concrete Association (ERMCO) and THBB Chairman Yavuz Işık, evaluating the results of the 2019 August Report, said, “The sector players still have confidence problems in the construction sector. Compared to the same month of the previous year, there was a movement in the activity in August, but this movement was not enough. The weak outlook in the construction sector has left its sixteenth behind. ”
Yavuz Işık, who made suggestions for the revival of the construction sector, said, “We saw clearly that the construction sector contracted significantly in the second quarter growth. In order to reverse this trend, the Central Bank's interest rate cut by 425 base points in July, this month's 325 base point reduction should also be reflected in the banking sector. Not only public banks but also private sector banks should put their hands under the stone and they should reflect the interest rate reduction decisions to their figures. Low interest rates are essential for the future of the construction sector. In addition, we see that both consumer and market players' confidence in the economy has increased in recent figures. Although not yet at the desired level, the economic activity, especially construction, will increase as the confidence environment is established. Tesis