Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Austria
AUTPROCONMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.29
Year-over-Year Change
-3.53%
Date Range
1/1/1996 - 3/1/2024
Summary
The 'Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Austria' series measures the production volume of the construction industry in Austria. This key indicator provides insights into the health and dynamics of the country's construction sector.
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
This economic indicator tracks the overall production volume or output of the construction industry in Austria. It serves as an important barometer for evaluating the broader health and activity levels within the country's construction sector, which is a critical component of the broader economy.
Methodology
The data is collected and calculated by the Austrian national statistical agency.
Historical Context
This construction production index is widely used by economists, policymakers, and industry analysts to assess the state of the Austrian economy and make informed decisions.
Key Facts
- Construction accounts for over 6% of Austria's GDP.
- Austria's construction sector employs over 350,000 workers.
- Production volumes declined by 4.2% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total production volume or output of the construction industry in Austria. It provides insight into the overall level of activity and health of the country's construction sector.
Q: Why is this trend relevant for users or analysts?
A: The construction production index is a key economic indicator that helps analysts and policymakers assess the state of the Austrian economy and make informed decisions about fiscal, monetary, and industry policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Austrian national statistical agency.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this construction production index to gauge the overall health of the Austrian economy and inform decisions related to infrastructure investment, housing policy, and broader economic stimulus measures.
Q: Are there update delays or limitations?
A: The construction production data is published on a monthly basis, with a typical 1-2 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Austria (AUTPROCONMISMEI), retrieved from FRED.