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Realty sector confidence falls, capacity usage up
  28.10.2011


Turkey’s realty sector confidence index dipped 10.5 points to 101.9 month-on-month in October 2011, according to data released by the Central Bank yesterday.



 


The seasonally adjusted index was down 2.9 points month-on-month to 108.2, the Central Bank said.

An index equal to 100 indicates a stable outlook for economic activity in the real estate industry, according to the Business Tendency Survey. An index more than 100 is optimistic for activity in the realty sector, whereas an index of less than 100 indicates a pessimistic outlook.

Capacity utilization rate in the manufacturing industry was up by 1.7 points year-on-year to 77 percent in October, the Central Bank also said yesterday. This figure also went up on a monthly-basis by 0.8 point from 76.2 percent in August. The was conducted among 2,129 participants.
  
  

Source : hurriyetdailynews.com
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