Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Estonia
PRCNTO01EEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.90
Year-over-Year Change
2.95%
Date Range
1/1/1994 - 10/1/2023
Summary
This economic indicator measures the production volume of construction activity in Estonia, providing insights into the overall state of the Estonian economy.
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 Estonia trend represents the monthly changes in the production volume of the construction sector, a crucial component of the country's economic performance. It serves as an important gauge for policymakers and analysts to assess the health and growth trajectory of the Estonian construction industry.
Methodology
The data is collected and calculated by the statistical office of Estonia through surveys of construction companies.
Historical Context
This trend is closely monitored by policymakers, investors, and industry analysts to inform economic forecasting and decision-making.
Key Facts
- Estonia's construction sector accounts for around 6% of its GDP.
- Construction production in Estonia reached a record high in 2021.
- The construction industry is a major employer in Estonia, providing jobs for over 50,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly changes in the production volume of the construction sector in Estonia, providing insights into the overall level of economic activity in the country.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of economic growth, and changes in construction production can signal broader shifts in the Estonian economy. This trend is closely watched by policymakers, investors, and industry analysts to inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the statistical office of Estonia through surveys of construction companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of the Estonian economy, inform economic forecasting, and develop policies to support the construction industry and broader economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of 1-2 months. There may be occasional revisions to the historical data as well.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Estonia (PRCNTO01EEQ661S), retrieved from FRED.