Construction Costs Rose in August
According to the August 2026 data announced by TurkStat, the decline in industrial production continued, while annual and monthly increases were recorded in the construction cost index.
The Turkish Statistical Institute has shared the industrial production and construction cost statistics for the August 2026 period with the public. According to the released data, industrial production declined on an annual basis, while cost increases in the construction sector continued.
Developments in Industrial Production
According to data announced by the Turkish Statistical Institute, industrial production decreased by 1.9 percent year-on-year in August 2026, carrying the downward trend into its fourth month. In the same period, industrial production also recorded a monthly decline of 1 percent.
Status of Industrial Sub-Sectors
The mining and quarrying sector index increased by 1.7 percent compared to the same month of the previous year and rose by 4.1 percent on a monthly basis. While the manufacturing industry index decreased by 2.5 percent annually and 1.6 percent monthly, the electricity, gas, steam, and air conditioning sector showed an annual increase of 1.3 percent and a monthly increase of 3.3 percent.
Construction Cost Index Data
The construction cost index for August showed an increase of 2.04 percent compared to the previous month and 29.59 percent compared to the same month of the previous year. In this period, the material index increased by 2.73 percent monthly and 28.72 percent annually.
Building and Non-Building Structure Costs
The building construction cost index increased by 28.94 percent annually and 1.59 percent monthly. Meanwhile, the construction cost index prepared for non-building structures increased by 3.46 percent on a monthly basis and rose to 31.68 percent on an annual basis.