2 Apr, 19:31

Construction work volume in Russia up 11.9% annually in February 2025 — statistics

According to the business activity research for construction entities completed as of February 10, 2025, the business confidence index in construction lost 8% annually

MOSCOW, April 2. /TASS/. The construction work volume in Russia totaled 997.2 bln rubles ($11.8 bln) in February 2025, which is 11.9% more than in the like period of 2024, the Russian Federal State Statistics Service (Rosstat) said.

"The volume of work completed for the Construction activity stood at 997.2 bln rubles or 11.9% (in comparable prices) against the level in the relevant period of the last year; in January - February 2025 - 1,853.8 bln rubles ($22 bln) or 9.8%," the service said.

According to the business activity research for construction entities completed as of February 10, 2025, the business confidence index in construction lost 8% annually.

High cost of materials and items (45%), high level of taxes and shortage of skilled labor (27% for each), high interest of commercial loans (22%), weather conditions (19%), competition with other building companies (17%), shortage of orders (16%), shortage of funding (13%) and insolvency of customers (11%) were indicates as main factors restraining operations of building companies.

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