Construction market in Russia to grow by 9% in 2013

The construction industry remains one of the key catalysts of economic growth in Russia. Its role is expected to strengthen in the years to come as the government aims to undertake multi-trillion rouble investments in order to modernise and expand the country’s infrastructure.
According our latest report, entitled “Construction sector in Russia 2012 – Development forecasts for 2012-2015”, the Russian construction industry is still struggling to gain momentum. After 9.2% y-o-y growth in the first two months of 2012, mostly on the back of the unseasonably warm winter, the value of construction work carried out in Russia increased by only 3.2% in the January-August time frame. This deceleration of growth rates is certainly fuelled by the high base effect and by the economic slowdown.

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