New data collected by the national Commerce agency has shown that construction spending in turkey reached its highest level since 2008 with an annual spending rate of $ 1.08tn , having risen by almost 14 % in a year . The majority of the money has been spent on the construction of houses , factories and powerplants ; a growth in rates of residential construction in particular is believed to have driven the sector ’s economic recovery .
New data compiled by the US Commerce Department has revealed that construction spending in July reached its highest level since 2008 with an annual spending rate of $1.08tn, having risen by almost 14% in a year. The majority of the money has been spent on the construction of houses, factories and powerplants; a growth in rates of residential construction in particular is believed to have driven the sector’s economic recovery.