Turkish Ready Mixed Concrete Association (THBB) has announced the “Ready-Mixed Concrete Index” 2021 September Report, which reveals the current situation and expected developments in the construction and related manufacturing and service sectors, which are eagerly awaited every month.
THBB announced the September 2021 Report of the Ready Mixed Concrete Index, which is eagerly awaited every month. According to the report, after August 2021, an increase in activity is observed in September as well. Despite this movement in activity, the Expectation Index has decreased in the last month. Confidence Index, which is an indicator of long-term recovery, took a value just below the threshold value in September. Despite the decrease in the Expectation and Confidence Indices, the reason why the Ready-Mixed Concrete Index held above the threshold value is the rise in activity.
In September 2021, all indices seem low compared to September of last year, when the effects of the recovery in the Turkish economy after the pandemic were seen. Since the housing demand seen last year did not emerge this year, the annual change in all indices remained on the negative side.
Evaluating the results of the report, Yavuz Işık, Chairman of the Board of THBB, said: “As THBB, the Ready Mixed Concrete Index, which we realize every month, is one of the leading indicators of the sector in terms of reflecting the situation not only from the perspective of the ready mixed concrete sector, but also in terms of the construction sector in general. With the third quarter data, it is understood that the construction sector continues on its way, but the sector has not yet shown its potential this year. It is a point that should be emphasized that the confidence of the sector players in the economy and their expectations for the future are below the required level”.
The current interest in residential investment needs to increase for the construction industry to continue on its way.
Emphasizing that construction is the sector whose confidence weakens the fastest, while it takes the most time to normalize, Yavuz Işık said: “In order for the construction sector, which is suddenly affected by economic developments and macro variables, especially interest, to continue on its way in a short time, the current interest in housing investment must be increased. must increase. Any public initiative to make this point attractive is valuable for the sector.”