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May 27, 2012
 
 
 
 
 
 

Construction under rubble, fishery in safe waters in 2009

1 April 2010 / TODAY’S ZAMAN, İSTANBUL
With a 16.3 percent contraction in 2009 over the preceding year, there’s no doubt that the construction sector suffered the most during the crisis in Turkey. The wholesale and retail sector sustained the second-worst blow with 10.4 percent contraction in the same period. Turkey’s manufacturing sector fell 7.2 percent while the mining sector saw a 6.7 percent contraction in 2009 over 2008. The transportation and communication sectors fell 7.1 percent; the electricity, gas and water supply sector was relatively luckier with a 3.5 percent contraction in the same 12-month period.

The fishery sector sailed in safe waters despite the crisis in 2009, achieving an impressive 10.8 percent growth over the previous year. One of the engines of the economy, the agricultural sector, enjoyed 3.3 percent growth in 2009 over 2008 while the hotel sector saw 3.9 percent growth, triggered by growth in tourism last year. The real estate and health sectors were buoyed by growth of 4.5 and 3.2 percent, respectively, in the given period.

When looking at the final quarter of 2009, all sectors grew except for the construction sector and social services. The construction sector continued its discouraging performance in the final three months with a 6.6 percent contraction over the same months of 2008 while the social services sector fell 0.4 percent in this period.

The highest growth in the fourth quarter was again in the fishery sector at 13.1 percent. The growth in agriculture was 1.5 percent. It was 3.5 percent in mining, 12.8 percent in the manufacturing sector, 1.5 percent in electricity, gas and water generation and distribution, 10.3 percent in wholesale and retail trade, 5.5 percent in hotels, 3.6 percent in transportation and communication and 10 percent in real estate.

 
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