Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Slovak Republic
PRCNTO01SKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.37
Year-over-Year Change
-26.29%
Date Range
1/1/1992 - 1/1/2024
Summary
This economic trend measures construction activity in Slovakia, a key indicator of economic growth and investment. It is closely monitored by policymakers and analysts to gauge the health of the construction sector and broader 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, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Slovak Republic indicator tracks the volume of construction activity in the country. It is an important metric used to assess construction industry performance and broader economic conditions.
Methodology
The data is collected and calculated by the national statistical office of Slovakia.
Historical Context
This construction activity indicator is widely used by economists, investors, and policymakers to inform economic analysis and decision-making.
Key Facts
- Construction is a leading indicator of economic growth.
- Slovakia is a major economy in Central Europe.
- Construction accounts for around 6% of Slovakia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of construction activity in Slovakia, including factors like production, sales, work started, and orders.
Q: Why is this trend relevant for users or analysts?
A: The construction sector is a key driver of economic growth, so this indicator provides valuable insights into the health of Slovakia's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the national statistical office of Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this construction activity indicator to inform economic analysis, investment decisions, and policy-making.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the nature of the construction industry.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Slovak Republic (PRCNTO01SKQ661N), retrieved from FRED.