Vitalie Iambla, Construction Analyst, PMR
The Russian construction output recorded a surprising rebound last year. Official preliminary data indicate that Russian construction output grew by 5.3% in 2018, after four years with negative growth rates. However, according to PMR, the key factor contributing to the rebound in construction output growth rate is Rosstat’s methodology on settlement of construction output. However, regardless of the suggested rebound in construction output, domestic production of many key building materials observed reduction in 2018. Preliminary data indicate that production of cement logged a 1.9% reduction,…
PMR insight: Questionable rebound in construction output in 2018
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