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The Construction Boom – How to Interpret ifo's Survey Results

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  • Felix Leiss

Abstract

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.

Suggested Citation

  • Felix Leiss, 2017. "The Construction Boom – How to Interpret ifo's Survey Results," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(23), pages 42-45, December.
    • Handle: RePEc:ces:ifosdt:v:70:y:2017:i:23:p:42-45
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    File URL: https://www.ifo.de/DocDL/sd-2017-23-leiss-bauhauptgewerbe-2017-12-07.pdf
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    Cited by:

    1. Stefan Sauer & Klaus Wohlrabe, 2020. "ifo Handbuch der Konjunkturumfragen," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 88.

    More about this item

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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