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Construction contracts in Russia grew by 5% in January

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Construction contracts in Russia grew by 5% in January

Russian Statistics Service (Rosstat) has published the next report on social and economic development of Russia. According to Rosstat’s information, the number of construction contractors’ agreements grew by 4.8% in January, 2017 as compared with last January (up to 413.3 bln roubles – about $7.1 bln).


The construction work volume carried out in 2016 totaled 6.184 trn roubles ($107 bln), which is 4.3% less than in 2015.

According to Rosstat, 1.157m new flats were built in 2016, which is 1.1% fewer than in 2015.

Putting housing in operation in 2016 reduced by 6.5% to 79.8m square meters, including 31.6m square meters of individual housing, or 39.6% of the overall housing put in operation in 2016.

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