The construction sector was supported by the loan supports and low interest rates implemented during the pandemic period in 2020.However; changing monetary policy and increasing interest rates in the first quarter of 2021 also affected the sector.In addition, employment rates in the construction sector in 2021 decreased in the first two months on the basis of the 1st quarter due to vaccination, return to normal and the decrease in seasonal effects, and entered an upward trend as of March. At the same time, the Gross Domestic Product of the Turkish economy increased by 7% in the first quarter of 2021 compared to the same quarter of the previous year.
When the activities that make up the GDP are examined;
- Construction 2.8%
- Information and communication activities 18.1%
- Industry 11.7%
- Agriculture 7.5%
- Services 5.9%
- Finance and insurance activities 2.9%
- Real estate activities increased by 2.4%
In the 2021 first quarter issue of the Construction Sector Report that we have prepared as Entegre Project Management; you can find an oppurtunity to observe the current situation of construction sector in Turkey and the World.