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2.5 EUROPE: Russia
2018/01/21
The Russian economy is on a recovery trend. The Russian ruble recovered slightly in 2017 from its depreciation over the previous two years, and the price of oil is rising again. However, temperatures in the country have been lower than normal, with snow falling even in April. Russia did not experience a full-fledged summer. Accordingly, the Russian RAC market finished at 1 million units in 2017, largely unchanged from the previous year.
 
Sales of PAC models grew by 4.8% year on year, with a sales volume of 58,000 units. Negative growth in 2017 was primarily due to the small number of new construction projects. Construction projects were mainly for industrial buildings, infrastructure facilities, and stadiums for the 2018 FIFA World Cup, which will be held in Russia in June and July 2018.
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