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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain House Prices YoY climbed to -4.2% in February 2014
FMPMonthlyReleased February 2014
Spain House Prices YoY climbed to -4.2% in February 2014, up 0.3% from January's -4.5% reading. The reading missed the -0.1% consensus by 4.1%.
Latest Release
-4.2
Actual
-0.1
Consensus
-4.5
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Bullish EU | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
House Prices YoY (Spain) was reported at -4.2% in February 2014. This missed the market consensus of -0.1% by 4.1%. The reading rose from the previous value of -4.5%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with DAX, positively correlated (Bullish EU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Jun 23) and Gross Domestic Product QoQ (Jun 25).
Auto-generated from current model state · Refreshes on each release · Last update February 2014.
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House Prices YoY - ES
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About House Prices YoY — Spain
DEFINITION
House Prices YoY (Year-over-Year) is a financial indicator that measures the percentage change in the average selling price of residential properties over a 12-month period. This indicator provides valuable insights into the overall health and stability of the housing market, as well as the potential for growth or decline in property values. It is commonly used by investors, economists, and policymakers to track trends and make informed decisions related to real estate investments and economic policies.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2014): actual -4.2 %, consensus -0.1 %.