Construction Material Industry Compound Index prepared by Türkiye İMSAD February 2025 results were announced. Accordingly, the compound index, which declined in the first two months of the year, decreased by 0.8 points compared to the previous month and fell to 84.3 points. The activity index decreased by 1.3 points compared to the previous month and decreased to 124.5 points.
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The level of confidence fell by 0.9 points to 59.9 points in the second month of the new year compared to the previous month. The expectation index decreased by 0.3 points as 69.6 points.
According to the report, in February 2025, the construction material industry had a challenging period in domestic and international markets. The uncertainty created by the recession and trade protection measures in the export markets negatively affected the demand abroad.
In Turkey, due to tightening policies and harsh winter conditions, demand decreased. This led to a decrease in activity, trust and expectation lower indices. However, the increase in domestic and international orders was considered a positive development for the sector.
A difficult year expectation in the sector
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The report said that the performance of the compound index, which completed February 2024 with 96.6 points, is an indication that the performance of 2025 will be challenging in the first two months of the year.
The Activity Index fell 1.3 points in February 2025 compared to the previous month and fell to 124.5 points. With this result, the Activity Index remained below February 2024.
In the report, while the stasis in the markets continued, the protectionism concerns in global trade increased uncertainty, production decreased, turnover fell and overseas sales prices increased. It was emphasized that the weak demand in the domestic market will last for a few more months and the negative effects of seasonality during the winter months were emphasized.
In February 2025, the stagnation in the domestic market and the weakness of the activities had a negative impact on trust. In the export markets, the uncertainties created by protectionism initiatives adversely affect confidence.
Confidence Index is Stretching
Depending on these developments, the level of confidence fell 0.9 points in February 2025 compared to the previous month and was 59.9 points. The Trust Index closed the year 2024 with 72.9 points.
The report stated that the level of confidence in the Turkish economy showed a slight decrease in February, while in the construction sector and construction materials industry, it was underlined that there was a limited decline at the level of confidence.
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Pointing out that the confidence in the domestic markets and export markets has decreased, the restrictive effects of economic policies are increasingly felt on trust.
According to the report, although the main determinant of trust is the activities in the domestic market, geopolitical developments, uncertainties in trade and the delay of recovery in export markets are among the important factors that adversely affect confidence.
Expectation index decrease
The expectation index, which has increased for a long time in December 2024, declined in the first two months of 2025. With the impact of the processes, the expectation index decreased by 0.3 points in February 2025 compared to the previous month and decreased to 69.6 points. In February 2024, the expectation index was 82.9 points.
In the report, the expectations of the Turkish economy decreased to a limited extent in February 2025, emphasized that the economic program with determination and the third interest rate reduction affect the expectations limited.
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It is stated that the domestic orders received for the next three months have increased to a very limited extent and the recovery signs emerged with the increase in export orders. In addition, it was pointed out that the production expectation of the next three months increased and the expectations of investment and employment decreased to a limited extent.
