Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Czechia
CZEPROCONMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.46
Year-over-Year Change
-7.56%
Date Range
1/1/1995 - 3/1/2024
Summary
The 'Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Czechia' series tracks the production volume of the construction industry in the Czech Republic, providing insights into the health and activity of this crucial economic 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 measures the production volume of the construction industry in Czechia, including activities related to building construction, civil engineering, and specialized construction. It serves as an important barometer for evaluating the overall state of the country's construction sector and its contribution to economic growth.
Methodology
The data is collected through surveys of construction companies and aggregated by the Czech Statistical Office.
Historical Context
This construction production metric is closely monitored by policymakers, analysts, and businesses to assess investment trends, infrastructure development, and broader macroeconomic conditions.
Key Facts
- Construction accounts for over 5% of Czechia's GDP.
- Production in the construction sector has grown by an average of 3% annually over the past decade.
- The construction industry employs more than 400,000 workers in Czechia.
FAQs
Q: What does this economic trend measure?
A: This series tracks the production volume of the construction industry in the Czech Republic, including activities related to building construction, civil engineering, and specialized construction.
Q: Why is this trend relevant for users or analysts?
A: This construction production metric is closely monitored by policymakers, analysts, and businesses to assess investment trends, infrastructure development, and broader macroeconomic conditions in Czechia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and aggregated by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this construction production data to evaluate the health of the Czech construction sector and its contribution to the overall economy, which informs investment decisions and policy initiatives.
Q: Are there update delays or limitations?
A: The construction production data is typically published on a monthly or quarterly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Czechia (CZEPROCONMISMEI), retrieved from FRED.