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Indicators to monitor and follow construction investment


  • Ángel Luis Gómez

    () (Banco de España)

  • M.ª del Carmen Sánchez

    () (Banco de España)


This paper presents the indicators available to monitor construction investment and forecast its short-term evolution, in the case of the Spanish economy. In addition, it is described a procedure followed to estimate medium-term forecasts for housing investment, mainly based on demographic fundamentals that determine the demand for primary dwellings. The analysis takes into consideration a number of features of the construction sector: long maturity period supply, heterogeneous products, and regional disparity.

Suggested Citation

  • Ángel Luis Gómez & M.ª del Carmen Sánchez, 2017. "Indicators to monitor and follow construction investment," Occasional Papers 1705, Banco de España;Occasional Papers Homepage.
  • Handle: RePEc:bde:opaper:1705

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    More about this item


    construction investment; synthetic indicators; housing investment; expert judgment.;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications

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