The Turkish Ready-Mixed Concrete Association (THBB) has released “Ready-Mixed Concrete Index” November 2025 Report, which presents the current conditions and expected developments in the manufacturing and service sectors linked to construction on a monthly basis.
According to “Ready-Mixed Concrete Index” November 2025 Report, after fluctuating below the threshold value for most of the year, all indices showed a limited recovery toward the threshold level in recent months. In November, index values did not exhibit a very pronounced change compared to the previous month, and the levels converged closely with one another.
The report indicates that although the Confidence Index recovered from the low levels recorded earlier in the year, it still lagged behind the other sub-indices. After posting a marked increase during the summer months, the Activity Index stabilized just below the threshold level in recent months. The Expectations Index maintained a relatively stable outlook throughout the year and, with the limited increase recorded in recent months, gradually converged toward the threshold value. Taken together, the Ready-Mixed Concrete Index displayed a near-horizontal trend in line with this limited recovery across sub-indices, approached the critical threshold level, but failed to surpass it.
In November, all indices except the Confidence Index recorded limited month-on-month increases. The Activity Index posted the strongest rise at 0.6%, while the Ready-Mixed Concrete Index and the Expectations Index increased by 0.3%. Diverging from the others, the Confidence Index declined by 0.1%, becoming the only negative index. While movements across all indices pointed to a cautious improvement in activity and expectations, the slight deterioration in the Confidence Index in particular indicated that the sector’s cautious stance persists. The report revealed that the construction sector reached a more favourable position in November compared to the same period of the previous year; however, the recovery remains modest and fragile.
Commenting on the report’s findings, THBB Chairman of the Board Yavuz Işık stated: “The Ready-Mixed Concrete Index has displayed a near-horizontal trend in parallel with the limited recovery in the sub-indices, approached the critical threshold level, but was unable to exceed it. The report shows that the construction sector reached a more positive point in November compared to the same period last year; however, the improvement is low in magnitude and fragile in nature.”
Assessing recent economic developments, THBB Chairman Yavuz Işık added: “The November Confidence Index results published by TURKSTAT provide important insights into the construction sector. Although the Construction Confidence Index rose to 84.9 in November 2025, it remains below the negative threshold, pointing to a relatively weak level of confidence. In the same month, the Economic Confidence Index reached 99.5, the Services Confidence Index 111.8, and the Retail Trade Confidence Index 114.2, all indicating significantly higher confidence levels compared to construction. Among all sector stakeholders, construction continues to have the lowest confidence level. Housing sales figures also confirm this situation. According to TURKSTAT’s Housing Sales Statistics bulletin, 164,306 housing units were sold in Türkiye in October 2025, marking the highest monthly sales figure of the year. However, the 7.8% year-on-year decline in housing sales to 141,100 units in November indicates a slowdown in sales momentum. This slight annual decline suggests that demand remains somewhat constrained due to still-high interest rates and rising costs, and that housing sales in the coming period will be sensitive to changes in credit conditions and income expectations.”
