Construction materials production increased in Russia or for first time in three years

Olga Murtazina

UFA, 24 July 2017. /Bashinform News Agency, Olga Murtazina/. The Russian market for the production of construction materials is growing - for the first time since 2014. Since then, production has fallen by about 10% per year. As a result of the second quarter, it increased by 5.5% compared to the same period of the last year, Izvestia reports. Experts are sure that this will be followed by the growth of construction works - in 3-4 months, and they justify their conclusions on long-term observations of the market.

"Obviously, the real income of the population decrease stops now, real wages are growing. There was a huge deferred demand for durable goods, including housing. Most likely, it will be started to meet by autumn", experts believe.

#construction materials #production #growth

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