Article in Journal
The Construction Boom – How to Interpret ifo's Survey Results
Felix Leiss
ifo Institut, München, 2017
ifo Schnelldienst, 2017, 70, Nr. 23, 42-45
ifo Institut, München, 2017
ifo Schnelldienst, 2017, 70, Nr. 23, 42-45
In the context of the ifo Business Survey, construction is remarkable thanks to its very low long-term average values. Are the current record figures for indicators to be interpreted absolutely or in relation to historical averages? A comparison with figures publicly released by the German Federal Statistics Office shows that long-term average figures are heavily influenced by a prolonged crisis in construction as of the mid-1990s. This makes it redundant to interpret current indicator figures against the background of their respective average figures.
JEL Classification: L740, E300
Included in
Journal (Complete Issue)
ifo Schnelldienst 23/2017: Separatism in Europe
ifo Institut, München, 2017