Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Czechia
CZEPRCNTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.60
Year-over-Year Change
-8.05%
Date Range
1/1/1995 - 12/1/2023
Summary
This economic trend measures construction production volume in Czechia, a key indicator of construction industry activity and broader economic conditions.
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 Construction Production Volume index tracks the total output of the construction industry in Czechia, including residential, commercial, and infrastructure projects. It serves as an important barometer for construction sector performance and broader economic trends.
Methodology
The data is collected through surveys of construction companies and reported by the Czech Statistical Office.
Historical Context
Construction activity is closely monitored by policymakers and market analysts as a gauge of domestic investment and economic growth.
Key Facts
- Czechia is a major industrial and construction hub in Central Europe.
- Construction accounts for around 6% of Czechia's GDP.
- Production volume in the construction sector has fluctuated in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production volume of the construction industry in Czechia, including residential, commercial, and infrastructure projects.
Q: Why is this trend relevant for users or analysts?
A: Construction activity is a key indicator of domestic investment and overall economic conditions, making this trend important for policymakers, market analysts, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and reported by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor construction activity as a gauge of domestic investment and broader economic growth in Czechia.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be occasional delays or revisions due to the complexity of data collection.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Czechia (CZEPRCNTO01IXOBM), retrieved from FRED.