Construction Sector Progressed Slowly in November

The Turkish Ready Mixed Concrete Association (THBB) has released the “Ready Mixed Concrete Index” November 2025 Report, which tracks the pulse of the construction sector. The report reveals that after exhibiting a volatile performance below the critical threshold value throughout the year, the sector has entered a limited recovery trend in recent months. The data shows that although improvement was recorded in November compared to the same period last year, this revival has a low-paced and fragile structure.

The Ready Mixed Concrete Index, published monthly by THBB, serves as an important indicator reflecting the current state and future expectations of Turkey’s construction and related manufacturing-service sectors. Ready mixed concrete data, which is one of the basic inputs of construction and must be used immediately after production without stock, functions as a leading indicator that reveals the growth dynamics of the sector at an early stage.

According to November data, index values did not record a significant change compared to the previous month, with levels materializing quite close to each other. Although the Confidence Index has risen from its low points during the year, it continues to lag behind other sub-indices. The Activity Index, after recording a significant increase in summer months, has stabilized just below the threshold value in recent months. The Expectation Index maintained relatively stable performance throughout the year and approached the threshold value with a limited increase in recent months. The overall Ready Mixed Concrete Index displayed a horizontal outlook in parallel with this limited recovery, approaching the critical threshold level but failing to exceed it.

In November, all indices except the Confidence Index recorded limited increases compared to the previous month. While the Activity Index showed the strongest rise at 0.6 percent, the Ready Mixed Concrete and Expectation Indices increased by 0.3 percent. The Confidence Index, however, declined by 0.1 percent, becoming the only index with negative performance. This picture points to a cautious improvement in activity and expectations, while the slight deterioration in the Confidence Index reveals that the sector maintains its cautious stance.

THBB Board Chairman Yavuz Işık evaluated the report with the following statement: “The Ready Mixed Concrete Index displayed an outlook close to horizontal in parallel with the limited recovery in sub-indices, approaching the critical threshold level but unable to rise above it. The report shows that the construction sector reached a more positive point in November compared to the same period last year, but the improvement has a low-rate and fragile nature.”

Continuing his assessment of economic developments, Işık drew attention to TURKSTAT’s November data: “In November 2025, the construction sector Confidence Index rose to 84.9 but still remained below the negative threshold, reflecting a weak confidence level. In the same period, the economic Confidence Index reached 99.5, the service sector 111.8, and retail trade 114.2, displaying much higher confidence levels compared to construction. Among all sectors, the area with the lowest confidence level is the construction sector.”

Noting that housing sales figures also support this picture, Işık concluded his remarks as follows: “According to TURKSTAT data, 164,306 houses were sold in Turkey in October 2025, representing the highest monthly sales of the year. In November, housing sales declined by 7.8 percent to 141,100 units compared to the same month last year, indicating a slowdown in sales momentum. This slight decline on an annual basis indicates that demand is being suppressed due to high interest rates and rising costs, and that sales in the coming period will be sensitive to changes in credit conditions and income expectations.”