An analysis of building construction based on building permits statistics

Economic and monetary union requires a broad range of statistics to measure developments within the euro area and for the common monetary policy. The core indicators, for this purpose, are the principal European economic indicators (PEEIs) established in 2002. A review in 2008 highlighted the lack of statistics on the housing market and as a consequence three housing related indicators were added to the list of PEEIs, including one on building permits.