Inflationary pressures, Deceleration in material exports and downward acceleration observed in new construction permits are among the factors affecting sectoral growth in the last quarter of 2022. while the acceleration of interest rates and the observed increase in construction material prices are expected to have a Decelerating effect on construction sector activities in the first half of 2023, it is among the sectoral expectations that it can create a stable growth effect by offering supportive economic packages in the other half of 2023.
The construction cost index and the increase in construction materials observed in the last quarter data had a negative impact on the sector. When the activities that generate GDP are examined, in the fourth quarter of 2022, depending on the chained volume index compared to the previous year;
- Finance and insurance activities 13.4%
- Service sector 8.6%
- Real estate activities 4.8%
- While construction activities increased by 2.0%;
- Industrial activities 3.0%
- Agricultural activities decreased by 0.3%.
