Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Spain
ESPPRCNTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.51
Year-over-Year Change
-4.21%
Date Range
1/1/1988 - 3/1/2024
Summary
This economic trend measures production volume in the construction sector in Spain, providing insight into the overall level of construction activity and economic growth.
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 for Spain tracks the total output of the construction industry, including residential, commercial, and infrastructure projects. It is a key indicator used by economists and policymakers to assess the health and trajectory of the broader Spanish economy.
Methodology
The data is collected through surveys of construction firms and calculated as an index relative to a base year.
Historical Context
Construction activity is closely tied to factors like interest rates, consumer confidence, and government investment, making this trend relevant for analyzing economic policy and market conditions.
Key Facts
- The index uses 2015 as the base year.
- Construction accounts for around 6% of Spain's GDP.
- The index reached a low point during the 2008-2009 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production volume of the construction industry in Spain, providing a gauge of overall construction activity and economic performance.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a major driver of economic growth, so this trend is closely watched by economists, policymakers, and investors to assess the health of the Spanish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor construction activity as an indicator of overall economic conditions, using it to inform decisions on interest rates, infrastructure investment, and other policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting or revisions to previous figures.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Spain (ESPPRCNTO01IXOBM), retrieved from FRED.