Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Slovak Republic
SVKPROINDMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.14
Year-over-Year Change
-3.63%
Date Range
1/1/1989 - 3/1/2024
Summary
This economic indicator measures the production volume of the industrial sector, excluding construction, in the Slovak Republic. It provides valuable insights into the overall state of the country's economic activity.
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: Industry (Except Construction) for Slovak Republic series tracks the output levels of the industrial sector, excluding the construction industry, in the Slovak Republic. This metric is widely used by economists and policymakers to assess the health and performance of the Slovak economy.
Methodology
The data is collected and calculated by the statistical agency of the Slovak Republic.
Historical Context
This indicator is closely monitored by government agencies, central banks, and market analysts to inform economic policy decisions and investment strategies.
Key Facts
- The base year for this index is 2015.
- The industrial sector, excluding construction, accounts for over a third of Slovakia's GDP.
- This indicator is released on a monthly basis by the Slovak Statistical Office.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the production volume of the industrial sector, excluding construction, in the Slovak Republic. It provides insight into the overall level of economic activity in the country's industrial base.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and investors to assess the health and performance of the Slovak economy. It is a key indicator of industrial output and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the statistical agency of the Slovak Republic.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by government agencies, central banks, and market analysts to inform economic policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: This indicator is released on a monthly basis by the Slovak Statistical Office, with a typical delay of several weeks.
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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 (SVKPROINDMISMEI), retrieved from FRED.