Increase in industry, high costs in construction: TÜİK data announced

Industrial Production Index and Construction Cost Index data of the Turkish Statistical Institute (TUIK) for September have been announced. Accordingly, industrial production increased by 2.6 percent on an annual basis and 2.1 percent on a monthly basis. The annual increase in the construction cost index was 30.80 percent.

INDUSTRIAL PRODUCTION INCREASED BY 2.6 PERCENT ANNUALLY

When the subsectors of the industry are examined, the mining and quarrying sector index increased by 1.2 percent in September compared to the same month of the previous year.

While the annual increase in the manufacturing industry sector index was 2.6 percent, the electricity, gas, steam and air conditioning production and distribution sector index increased by 4 percent.

MONTHLY INCREASE 2.1 PERCENT

Industrial production increased by 2.1 percent in September compared to the previous month.

On a monthly basis, the mining and quarrying sector index increased by 1.1 percent, the manufacturing industry index increased by 2.3 percent, and the electricity, gas, steam and air conditioning production and distribution sector index increased by 0.1 percent.

CONSTRUCTION COSTS INCREASED BY 30.80 PERCENT ANNUALLY

According to TURKSTAT's Construction Cost Index data, the index increased by 1.81 percent in September compared to the previous month and by 30.80 percent compared to the same month last year.

While the material index increased by 2.94 percent on a monthly basis, the labor index decreased by 0.23 percent.

On an annual basis, the increase in the material index was 31.31 percent and the increase in the labor index was 29.84 percent.

BUILDING CONSTRUCTION COST INCREASED BY 29.29 PERCENT ANNUALLY

Building construction cost index increased by 1.24 percent monthly and 29.29 percent annually in September.

While the material index increased by 2.14 percent compared to the previous month, the labor index decreased by 0.32 percent.

Compared to the same month last year, the material index increased by 29.12 percent and the labor index increased by 29.59 percent.

ANNUAL INCREASE IN NON-BUILDING STRUCTURES IS 35.66 PERCENT

The construction cost index for non-building structures increased by 3.61 percent on a monthly basis and 35.66 percent on an annual basis.

On a monthly basis, the material index increased by 5.32 percent and the labor index increased by 0.11 percent.

On an annual basis, the increase in material costs reached 38.07 percent and the increase in labor costs reached 30.74 percent.