Exchange rate changes and loss of momentum in the global economy create financial problems in the construction industry. The sector, which made a weak start to 2022, achieved a growth below expectations in the second quarter of the year as well. Current problems in raw material supply, high interest rates and high inflation are among the reasons that restrict sectoral growth. The sector, which exhibits stagnant activities in the first quarter of the year; With the increase in seasonality, it started to increase its activities in June.
The transition to smart buildings and the demand for sustainable structures have led to new housing projects, increased house sales and contributed to the increase in sectoral mobilization.
The increase in the construction cost index and construction materials observed in the second quarter of 2022 had a negative impact on the sector.
When the activities constituting GYSH are examined, in the second quarter of 2022, depending on the chained volume index compared to the previous year,;
- Real estate activities 4.1%
- Industrial activity 7.8%
- Service sector 18.1%
- While Finance and insurance activities increased by 26.6%
- Agricultural activities 2.9%;
- Construction activities decreased by 10.9%.