According to IMSAD's study, the fluctuations caused by the ups and downs in the number of working days disappeared. Under these conditions, the Composite Index declined in August.
The statement reads as follows:
“The contribution of seasonality is not seen. Contraction is felt more in the domestic market. Stagnation in export markets continued. Confidence and expectations also weakened. Within the framework of all these developments, the composite index declined in August.
Construction Materials Industry Composite Index decreased by 0.87 points in August compared to the previous month. The Composite Index was realized as 67.19 points in August. The Composite Index declined again after the initial increase in July following the local elections. The trend in the Composite Index became healthier as the effects of the fluctuations in the number of working days disappeared.
Activity declined compared to the previous month. Domestic sales and production declined significantly. Activity showed a downward trend during the peak season.
Confidence Index declined slightly in August. The confidence index remains weak in the third quarter. The decline in activity curbed confidence in August.
The Expectations Index declined in August. Domestic and foreign market expectations weakened. Production, investment and employment expectations have been declining strongly for the last 3 months.
The Composite Index will be largely shaped by the effects of economic policies and developments in export markets in the upcoming period. The recovery in indices is being postponed.”
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