The building construction cost index in Turkey increased by 1.2% compared with 3Q13, by 7.2% compared with 4Q12 and by 5.1% compared with the four-quarter average in 4Q13.
In 4Q13, labour index increased by 1.3% and material index increased by 1.1% compared with 3Q13. The quarter also saw a 7.3% y/y increase in labour index and a 7.1% y/y increase in material index compared to 4Q12.
Turnover in construction sector
In 3Q13, turnover in the country’s construction industry increased by 4.6% compared with 2Q13 and 16.4% compared with 3Q12.
Production in construction sector
Production in the construction sector increased by 1.9% in 3Q13 compared with 2Q13 and by 8.2% compared with 3Q12.
Paul Maxwell-Cook takes a look at Turkey’s growing economy and expansion. This is part one of an abridged article taken from the December 2013 issue of World Cement.
KHD Humboldt Wedag received the order for engineering, equipment supply, supervision of erection, and commissioning, including onshore training, for Askale Cimento’s new 4000 tpd pyro-processing system at its Gümüshane cement plant.