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Turkey’s construction sector will grow 2.5-3% in 2015: IMSAD

by ChemOrbis Editorial Team -
  • 11/06/2015 (18:02)
According to the Association of Turkish Construction Material Producers (IMSAD), Turkey’s construction sector will expand between 2.5% and 3% this year. The association also expects that the construction materials sector will increase by 2.5%-3% and that Turkey’s economy will expand by 3% to 3.2%.

In the first quarter of this year, Turkey’s construction sector contracted 3.5%, led by a 9.2% decrease in the private sector and a 1.4% decrease in the public sector. Industrial output from the construction materials sector, meanwhile, declined 4.3% in the January-April period while exports slumped 15.8% in the same period.

The head of the association, Fethi Hinginar, reportedly stated that political uncertainty following the elections should be resolved as soon as possible to ensure the health of both the economy and the construction sector.
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