03.08.2020 18:43
Volume of Construction Work in Russia in June Increased by 25.9 %
In H1 2020, the cost of construction work in Russia increased by 4.3 % YoY, to RUB 3,720 billion. The cost of construction work in June amounted to RUB 843 billion, up by 25.9 % MoM (and up by 4.3 % YoY compared to June 2019).
Worth noting that average prices for the purchase of cement and aggregates in Russia are down in H1 2020 by 1.1 % and 7.4 % YoY, respectively. Thanks to the state support measures, the construction industry managed to attract an additional 1.44 trillion rubles in H1 2020 (up by 14 % YoY).
In early July, the State Duma of the Russian Federation passed a law on amendments to existing regulations governing housing construction. The purpose of the amendments is to stimulate the housing construction market by granting benefits to housing developers.The use of materials published on the site is allowed only with the reference to the source (the journal «Cement and its application») and a hyperlink to the quoted material.