Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Czechia
PRCNTO01CZQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.03
Year-over-Year Change
0.93%
Date Range
1/1/1995 - 10/1/2023
Summary
This economic trend measures construction production volume in Czechia, providing insight into the health and activity of the Czech construction industry.
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 Volume: Economic Activity: Construction for Czechia metric tracks the level of production output in the construction sector, a key indicator of economic growth and investment.
Methodology
The data is collected through surveys of construction firms in Czechia.
Historical Context
This metric is closely watched by policymakers and economists to assess the state of the Czech economy.
Key Facts
- Construction is a major contributor to Czechia's GDP.
- Production volume in construction has fluctuated in recent years.
- Trends in this metric help signal the direction of the overall Czech economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume or output level of the construction industry in Czechia.
Q: Why is this trend relevant for users or analysts?
A: Construction activity is a key indicator of overall economic health and investment, so this metric provides valuable insight into the state of the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms operating in Czechia.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the direction of the Czech economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: There may be some time lags in data reporting, but the metric is generally considered a reliable indicator of construction activity in Czechia.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Czechia (PRCNTO01CZQ661N), retrieved from FRED.