Production: Construction: Total construction: Total for the European Union
EU28PRCNTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
287.68%
Date Range
2/1/1993 - 7/1/2018
Summary
This economic trend measures total construction output for the European Union, providing valuable insights into the state of the region'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
The total construction output trend tracks the volume of construction work performed in the EU, including both residential and non-residential construction. It is a key indicator of economic activity and is used by policymakers and analysts to assess the overall health of the construction industry.
Methodology
The data is collected through surveys of construction firms across the EU.
Historical Context
Construction output is closely watched as a leading indicator of broader economic conditions.
Key Facts
- The EU construction sector accounts for over 9% of the region's GDP.
- Construction output fell sharply during the 2008 financial crisis but has since recovered.
- Germany is the largest construction market in the EU, comprising over 25% of total output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of construction work performed in the European Union, including both residential and non-residential construction.
Q: Why is this trend relevant for users or analysts?
A: Construction output is a key indicator of economic activity and is closely watched by policymakers and analysts to assess the health of the construction industry and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms across the European Union.
Q: How is this trend used in economic policy?
A: Construction output is used by economists and policymakers to monitor the state of the construction industry and make informed decisions about fiscal and monetary policies that may impact the sector.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly or quarterly basis, with some potential for delays in the reporting of the latest figures.
Related Trends
Balance of payments BPM6: Financial account: Reserve assets: Reserve assets Net for the European Union
EU28B6FARA01CXCUQ
Harmonized Index of Consumer Prices: Water Supply and Miscellaneous Services Relating to the Dwelling for Euro Area (19 Countries)
CP0440EZ19M086NEST
Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for European Union (28 Countries)
00XALCEU28M086NEST
Employment Rate: Aged 15-24: Females for the European Union
LREM24FEEUA156N
Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for European Union
00XTOBEUCCM086NEST
Harmonized Index of Consumer Prices: Services Related to Recreation and Personal Care, Excluding Package Holidays and Accommodation for Euro Area (19 Countries)
SRVRPOEZ19M086NEST
Citation
U.S. Federal Reserve, Production: Construction: Total construction: Total for the European Union (EU28PRCNTO01GPSAM), retrieved from FRED.