Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Turkiye
TURPRCNTO01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.99
Year-over-Year Change
8.73%
Date Range
1/1/1998 - 10/1/2023
Summary
This economic trend measures the production volume of construction activity in Turkiye. It is a key indicator of the health and growth of the construction sector, which is a significant driver of 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: Construction for Turkiye tracks the overall production output of the construction industry. This metric is widely used by economists, policymakers, and industry analysts to assess the state of the construction sector and its broader macroeconomic implications.
Methodology
This data is collected through surveys of construction firms and project owners in Turkiye.
Historical Context
This construction production index is used to inform economic policy and investment decisions related to the construction industry and broader infrastructure development.
Key Facts
- Construction is a major contributor to Turkiye's GDP.
- The construction sector employs a significant portion of the Turkiye workforce.
- Changes in construction production can signal broader economic shifts in Turkiye.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall production volume of the construction industry in Turkiye. It tracks the output of construction activities, including building, infrastructure, and related projects.
Q: Why is this trend relevant for users or analysts?
A: The construction production index is a crucial indicator of the health and growth of the construction sector, which is a significant driver of economic activity in Turkiye. Monitoring this trend can provide insights into broader macroeconomic conditions and investment opportunities.
Q: How is this data collected or calculated?
A: This data is collected through surveys of construction firms and project owners in Turkiye.
Q: How is this trend used in economic policy?
A: The construction production index is used by policymakers, economists, and industry analysts to inform decisions related to economic policy, infrastructure development, and investment strategies.
Q: Are there update delays or limitations?
A: There may be occasional delays in the release of this data, and the index may not capture all construction activity in Turkiye. Users should be aware of these potential limitations when interpreting the trend.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Turkiye (TURPRCNTO01IXOBQ), retrieved from FRED.