PMR Insight: 1.6% y-o-y decrease in average monthly value of contracted work in 2017

Mateusz Lasek, Senior Construction Market Analyst, PMR
Average monthly value of contracts concluded by construction companies in Russia (excluding small business) amounted to RUB 454.8bn (€6.58bn) in 2017, which was by 1.6% less than in the previous year (RUB 462.2bn or €6.68bn). This was indicated by our comparison of operational data from the State Statistics Service (Rosstat). Operational data from Rosstat indicate that since August 2017 Russian contractors have concluded visibly fewer new contracts in terms of value in comparison with the corresponding months of 2016. After a relatively substantial year-on-year improvement in the…

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