Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Austria
AUTPRINTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.69
Year-over-Year Change
-1.13%
Date Range
1/1/1955 - 10/1/2023
Summary
This economic trend measures the production volume of industrial activity, excluding construction, in Austria. It provides valuable insights into the overall state of the Austrian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Production Volume: Economic Activity: Industry (Except Construction) for Austria tracks the output levels of the nation's industrial sector, which is a key driver of economic growth. This metric is closely monitored by economists and policymakers to assess the health and performance of the Austrian economy.
Methodology
The data is collected through surveys of industrial establishments in Austria.
Historical Context
This trend is used by analysts and institutions to gauge the strength of Austria's industrial sector and make informed decisions about economic policy.
Key Facts
- Austria is a major industrial economy in Europe.
- The industrial sector accounts for over a quarter of Austria's GDP.
- Production volume is a leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the industrial sector in Austria, excluding the construction industry.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of Austria's industrial economy, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments in Austria.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the strength of Austria's industrial sector and make informed decisions about economic policies and interventions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Austria (AUTPRINTO01IXOBM), retrieved from FRED.