State Statistics Committee of Building Materials

With the reduction in the real estate market, including property, the State Statistics Committee published the phenomenal growth in production of building materials (+ 19.4% by July 1 of the previous year). In absolute terms, it is 234.7 million manats. According to experts, this volume has no relation to the real economy, and is aimed at the realization of investment projects financed, as a rule, from the state budget.

This is confirmed by figures: The most rapid growth was shown by the producers of processed marble, travertine and alabaster and articles thereof (3.5 times) - 6,179 tons and asphalt (+ 31.2%) – 196,500 tons, with an inconspicuous growth (0.6%) in cement - 1 million 393.4 thousand tons. Production of gypsum increased 1.3% to 92.2 thousand tons.

For some items, even according to official statistics there is decline: concrete structures were produced in 8.4 thousand cubic meters (minus 47.2%), ready-mixed concrete - 521.3 thousand tons (minus 28.5%), and building bricks - 122 thousand cubic meters (minus 5.5%). --17D-