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Construction spending increased by 13.4

imsad turkey (3) (Medium)The sectoral report published by Turkey IMSAD has continued its optimistic approach. The size of the total expenditure in the construction sector rose to 45.87 billion in the first quarter of 2016. Construction spending grew 13.4 percent in the first quarter 2016 with the current prices which was 40.46 billion in the first quarter of 2015. The growth in construction spending in the whole of 2015 was 7.8 per cent at current prices.
The total construction spending in public construction spending grew 8.8 percent with a share of 33.8 percent in current prices in the first quarter of 2016 was 15.5 billion TL. Continuation of public spending in the construction sector in 2016 is expected to be waiting for the decisive basic private sector construction spending.
The first quarter of 2016 the construction sector grew 4.8 percent and 6.6 percent growth rate over the overall growth of the economy performs. This growth was effective acceleration of growth in private construction spending, the construction sector on the overall economy was likely to show growth in 2016.
The level of new orders received also rose by 1.9 points in July. She started again received after the month of Ramadan and Eid tiredness new construction work orders.

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