Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Slovak Republic
PRINTO01SKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.49
Year-over-Year Change
-3.39%
Date Range
1/1/1989 - 1/1/2024
Summary
This economic trend measures production volume in Slovakia's industrial sector, excluding construction. It provides valuable insights into the overall state of economic activity and is closely watched by policymakers and analysts.
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: Industry (Except Construction) for Slovak Republic is an important indicator that tracks the output of Slovakia's manufacturing, mining, and utilities industries. It serves as a barometer for the health and performance of the country's industrial sector, which is a key driver of economic growth.
Methodology
The data is collected and calculated by the Statistical Office of the Slovak Republic based on monthly surveys of industrial enterprises.
Historical Context
This trend is widely used by economists, government officials, and market analysts to assess the strength of Slovakia's industrial production and make informed decisions about economic policy and investment.
Key Facts
- Slovakia's industrial sector accounts for over 25% of its GDP.
- Production volumes have fluctuated due to the COVID-19 pandemic.
- The trend is a key input for forecasting Slovakia's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of Slovakia's industrial sector, excluding construction. It provides insights into the overall state of economic activity in the country's manufacturing, mining, and utilities industries.
Q: Why is this trend relevant for users or analysts?
A: This trend is a crucial indicator of Slovakia's economic performance and is closely watched by policymakers, economists, and market analysts to assess the strength of the industrial sector and make informed decisions about economic policy and investment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Statistical Office of the Slovak Republic based on monthly surveys of industrial enterprises.
Q: How is this trend used in economic policy?
A: This trend is used by the Slovak government, central bank, and other institutions to monitor the health of the industrial sector and inform economic policies, such as monetary policy and stimulus measures.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be occasional delays or revisions due to the complex nature of industrial production surveys.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Slovak Republic (PRINTO01SKQ661N), retrieved from FRED.