We continue to hear negative news in the construction sector. Housing sales have fallen considerably. In addition to this, employment rates continue to decline. Turkey Statistical Institute (TSI) has released the Construction Labor Input Index for the third quarter of 2017. Construction employment index decreased by 7,9 percent in the third quarter of this year compared to the same quarter of last year. Fell to 70,3%.
Accordingly, the calendar-adjusted construction employment index decreased. In the third quarter of this year, there was a decrease compared to previous years. Compared to last year. It decreased by 7,9 percent compared to the same quarter last year. Seasonally and calendar-adjusted construction employment index decreased by 1,2 percent compared to the previous quarter. The value fell to 66,8 percent.
The stagnation in the real estate market has greatly affected employment. Declining home sales also reduced the number of construction. Employment declined as a result of the declining number of constructions. In the case of Shanxi, the hourly index worked in the construction industry, which was free from the calendar effect in the period, decreased. Compared to the third quarter of 2016. Decreased by 5,8 percent year on year. Fell to 65,5%.
An increase was seen in the gross salary index. The calendar-adjusted gross salary index compared to the same quarter last year in the third quarter. Increased by 6,1%, to 188. The seasonally adjusted gross wage and salary index increased by 1,7 percent compared to the previous quarter. In the future, the situation will not be known. Will the stagnation in the construction sector leave its place in motion? This will be evident in the coming days.