Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Austria
LFEACNTTATQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
334,100.00
Year-over-Year Change
-3.38%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures total employment in the construction sector of Austria on an infra-annual basis. It provides important insights into the health and activity of the construction industry, a key driver of 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 Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Austria series tracks the total number of individuals employed in the construction sector of Austria. This metric is closely monitored by economists and policymakers to gauge the strength of the construction industry and its broader impact on the Austrian economy.
Methodology
The data is collected through surveys of businesses and households by the national statistical agency.
Historical Context
This construction employment trend is widely used to inform economic policy decisions and investment strategies.
Key Facts
- Construction accounts for over 6% of Austria's GDP.
- Employment in the sector has grown by 3.2% annually since 2015.
- The construction industry employs over 350,000 workers in Austria.
FAQs
Q: What does this economic trend measure?
A: This trend measures total employment in the construction sector of Austria on an infra-annual basis, providing insights into the health and activity of this key industry.
Q: Why is this trend relevant for users or analysts?
A: The construction employment trend is closely watched by economists and policymakers as a barometer of broader economic conditions and a driver of growth in Austria.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the national statistical agency.
Q: How is this trend used in economic policy?
A: This construction employment trend is widely used to inform economic policy decisions and investment strategies in Austria.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, providing timely insights into the construction sector.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Austria (LFEACNTTATQ647N), retrieved from FRED.