Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Slovak Republic
SVKPROINDAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.53
Year-over-Year Change
10.80%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator measures production volume for industrial sectors in the Slovak Republic, excluding construction. It provides insight into the overall state of the country's industrial activity and economic health.
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 a key measure of industrial output and a barometer of the broader economy. It tracks production trends across a range of manufacturing, mining, and utility sectors, offering a comprehensive view of industrial activity.
Methodology
The data is collected through surveys of industrial establishments in the Slovak Republic.
Historical Context
This trend is closely watched by policymakers, analysts, and businesses to gauge the strength of the Slovak industrial sector and broader economic conditions.
Key Facts
- Excludes construction sector from total industrial production.
- Provides a comprehensive view of Slovak industrial output.
- An important indicator of the overall health of the Slovak economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the production volume of industrial sectors in the Slovak Republic, excluding the construction industry. It provides a comprehensive view of industrial activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by policymakers, economists, and businesses as it offers insight into the strength and direction of the Slovak industrial sector, which is a critical component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments in the Slovak Republic.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, central banks, and analysts to assess the overall health of the Slovak economy and inform policy decisions related to industrial development, trade, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be some delays in the release of the latest figures due to the time required for data collection and processing.
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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 (SVKPROINDAISMEI), retrieved from FRED.