TÜİK has shared the September Construction Cost Index with the public. It was stated that the upward trend in construction costs continues.
The General Construction Cost Index increased by 2.46% in September compared to the previous month, showing an increase of 67.93% on an annual basis.
During this period, the material index increased by 3.39% and the labor index by 0.30%. On an annual basis, the material index rose by 54.15% and the labor index by 114.05%.
BUILDING COSTS SKYROCKETED
The Building Construction Cost Index increased by 2.47% in September compared to the previous month, while it recorded an increase of 66.08% compared to the same period last year.
PRODUCTION INCREASED IN THE INDUSTRIAL SECTOR
According to TÜİK data, the Annual Industrial Production Index increased by 4.0% in September compared to the same month of the previous year.
INDUSTRIAL PRODUCTION DECREASED
In September, industrial production decreased by 0.1% on a monthly basis.
While the mining and quarrying sector index increased by 1.4%, the manufacturing sector index remained at the same level, and the electricity, gas, steam, and air conditioning production and distribution sector index decreased by 2.0%.
News Source: 12punto
