HAVE PLANS CHANGED?

Every sector entered 2016 with different expectations. But developments in the first half of the year have been very different to these expectations and, particularly in some sectors, have turned plans upside down. Companies have had to revise their plans

Capital (Turkey) - - SURVEY -

THOSE WHO EXPECT A CONTRACTION

At the beginning of 2016. some sectors reduced their growth predictions to zero, even forecast a contraction. At the head of these sectors comes tourism. The sector was expected to contract by 25 per cent in the first half of the year. The provisional figures suggest that the number of tourists who arrived in Antalya during this period fell by 47 per cent. Hilton Dalaman General Manager Tunç Batum draws attention to the continuing economic crises in the countries of the CIS in particular. “There is a possibility of us achieving the 2015 CIS occupancy rates in 2017 but I estimate that we are more likely to achieve the 2014 occupancy rates in 2018,” he says.

The construction and real estate sectors are also facing contractions this year. The sector shrank by 4 per cent during the first six months. But representatives of İş GYO say that the decline in housing interest rates has given the sector a new boost. They think that in the second half they will at least return to the levels of last year.

The information technology sector is also having a difficult year. According to data from IDC, the sector contracted by 20 per cent in the first three years of the year. HP Türkiye General Manager Filiz Akdede says that the contraction in the market has medium and long-term risks: “The postponement of public and private sector investments has resulted in a slowdown in IT purchases. In terms of financing, payment terms have increased by 30 per cent compared with the same period last year. There is a significant contraction in loans and financing.”

SIGNS OF A SLOWDOWN

On the other hand, many sectors are undergoing a slowdown in the rate of growth. Plastics, industrial catering and clothing are just a few of the sectors that have experienced a slowdown in growth as a result of recent developments. The plastics sector, which had been expecting double digit growth, grew by 8-9 per cent in the first half of the year. Sem Plastik General Manager Yavuz Eroğlu thinks that, as a result of the terrorist attacks and the tensions

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