Construction report for May

Макроэкономика 18.06.2015 Following the previous day's sector reports for May on agriculture, retail trade and transportation, the construction sector fell 31.7% YoY over January-May in real terms per yesterday's release. However, in a more detailed analysis, the results provided the hint of a possible stabilization of the sector in the coming months (please see the table below). The report on industrial production will be released later today, and we expect that it will indicate that the sector has neared its bottom and will begin a recovery soon.