Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Ireland
IRLPERMITAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.90
Year-over-Year Change
8.04%
Date Range
1/1/1975 - 1/1/2023
Summary
This economic trend measures the number of building permits issued for new dwellings in Ireland, providing insight into 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 'Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Ireland' metric tracks the volume of new residential construction projects approved through the permitting process. This data is a leading indicator of future building activity and investment.
Methodology
The data is collected by the Irish government through administrative records of building permit applications.
Historical Context
Economists and policymakers use this metric to assess the health of the Irish housing and construction sectors.
Key Facts
- Permits issued represent planned, rather than actual, construction.
- Building permits are a leading indicator of future economic activity.
- Ireland's construction sector is a key driver of overall GDP growth.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of building permits issued for new dwellings in Ireland, providing insight into construction activity and future economic growth.
Q: Why is this trend relevant for users or analysts?
A: Building permits are a leading indicator of future construction and investment, making this metric valuable for economists and policymakers assessing the health of Ireland's housing and construction sectors.
Q: How is this data collected or calculated?
A: The data is collected by the Irish government through administrative records of building permit applications.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to gauge the strength of the Irish housing market and broader economic conditions, as the construction sector is a key driver of GDP growth.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and updates as new permit applications are processed, and there can be lags in the reporting of this information.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Ireland (IRLPERMITAISMEI), retrieved from FRED.