
A monthly decline was recorded in both sectors
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Turkish Statistical Institute (TUIK) announced the Construction Production Index and Service Production Index data for the September 2026 period.
Turkish Statistical Institute (TUIK) announced the Construction Production Index and Service Production Index data for the September 2026 period. Accordingly, while construction production decreased by 6.3 percent annually, service production increased by 2.1 percent. A monthly decline was recorded in both sectors.
CONSTRUCTION PRODUCTION DECREASED BY 6.3 PERCENT ANNUALLY
According to TÜİK data, the construction production index decreased by 6.3 percent in September 2026 compared to the same month of the previous year.
When the subsectors of construction are examined, the building construction index decreased by 9.3 percent annually and the private construction activities index decreased by 8.9 percent. The construction of non-building structures index increased by 12.7 percent.
Construction production also decreased on a monthly basis. In September, the total index decreased by 2.7 percent compared to the previous month.
In the same period, the building construction index decreased by 2.9 percent, the construction of non-building structures index decreased by 0.3 percent, and the private construction activities index decreased by 4 percent.
SERVICE PRODUCTION INCREASED BY 2.1 PERCENT ANNUALLY
According to the data announced by TÜİK, the service production index increased by 2.1 percent in September 2026 compared to the same month of the previous year.
When the subsectors are examined, the highest increase was recorded in professional, scientific and technical services with 10.4 percent. Information and communication services increased by 3.5 percent, transportation and storage services by 3 percent, accommodation and food services by 2.1 percent, and real estate services by 1.9 percent.
Administrative and support services decreased by 7.3 percent on an annual basis.
0.3 PERCENT MONTHLY DECLINE IN SERVICE PRODUCTION
The services production index decreased by 0.3 percent in September compared to the previous month.
On a monthly basis, information and communication services decreased by 0.6 percent, and administrative and support services decreased by 4.1 percent. An increase of 0.1 percent was recorded in real estate services and 3.6 percent in professional, scientific and technical services.
There was no change in transportation and storage and accommodation and food services indices compared to the previous month.
According to the CBRT's November Market Participants Survey, the CPI increase expectation increased to 30.04 percent for the end of the year. While Dollar/TL expectations also increased, GDP growth expectation remained stable at 2.9 percent for the end of the year. The current account deficit expectation decreased to 46.1 billion dollars.
The 2026–2027 research by IAB Turkey and Bahçeşehir University revealed that 32.9 percent of marketing leaders have fully integrated artificial intelligence tools, 90 percent plan to increase investments in artificial intelligence-based campaigns in 2027 and reduce production costs, but budgets do not focus on data analysis and technology areas.
CBRT published the November Market Participants Survey. CPI increase expectation increased to 30.04% at the end of the month, 24.04% after 12 months, and 18.02% after 24 months. While Dollar/TL expectations also increased, the current account deficit expectation decreased to 46.1 billion dollars. GDP growth expectations remained unchanged.

The 'let him come back' campaign, which started before Nvidia CEO Jensen Huang's departure, was reflected in the internal company correspondence of the employees. In messages reviewed by WIRED, an engineer requested that the board of directors formally collect employee opinions and share the findings of the investigation. Most of the more than 1,600 comments wanted Huang to return. Huang resigned from all his duties on November 12, following the independent investigation launched on November 8 and the news that he was a target of foreign intelligence. Colette Kress was appointed as interim CEO.
At Borsa Istanbul, the BIST 100 index gained 1.24 percent and closed at 11,811.19 points. The banking index lost 0.40 percent and the holding index lost 0.11 percent. In sectors, financial leasing, factoring lost 2.19 percent and transportation lost 0.88 percent. Analysts stated that the current account balance and US PPI data could be decisive on the market direction.

The dollar index approached the highest levels since April 2025. Euro and Japanese yen lost value against the US Dollar. The probability of a 50 basis point interest rate hike by the Fed increased to 14.5 percent, and two-year US bond yields recorded the sharpest two-day increase in the last 3.5 years.