Economists polled by Reuters had forecast construction spending flat in December.
Li and Li (2015) used an unbiased GM (1,1) based GMF in also forecasting construction accidents.
When the recession struck, gaming and tourism declined (and may not recover to 2007 levels until 2015, according to forecasts), and construction all but stopped.
"Even though the final investment decision [FID] has been pushed back from the initial forecasts, the construction time will stay the same, which means that the commissioning date will be updated at the point when FID is made," EDF's chief executive, Jean-Bernard Lévy, said.
Analysts had forecast that construction spending would be unchanged or even decline.
Weak Chinese service sector data did not help sentiment, while investors ignored the better than forecast UK construction data.
Open image in new window Fig. 1 Flowchart of GMDH/SGMDH turbidity-forecasting model construction.
RICE conducts middle- and long-range forecast for construction investment, and publishes them in Research Institute of Construction and Economy (2016).
References [66, 67] analyzed the impact of EV integration on the distribution network planning and operation, including load forecasting, substation construction, feeder upgrade, etc., and proposed a planning model.
To obtain the figures, we referred to the forecast of construction waste generation of the Ministry of Land, Infrastructure, Transport and Tourism, shown at http://www.mlit.go.jp/sogoseisaku/region/recycle/pdf/fukusanbutsu/genjo/yosoku.pdf.jp/sogoseisaku/region/recycle/pdf/fukusanbutsu/genjo/yosoku.pdf
