Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Turkiye
TURPRCNTO01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.31
Year-over-Year Change
9.12%
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 country's economic health and investment environment.
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 series tracks the overall output of the construction sector. It provides insight into investment, development, and infrastructure growth trends that are critical for economists and policymakers.
Methodology
The data is collected by the Turkish Statistical Institute through surveys of construction firms.
Historical Context
Analyzing this trend helps assess the state of Turkiye's real estate and infrastructure markets.
Key Facts
- Construction is a major driver of Turkiye's economy.
- Production volume can signal business and consumer confidence.
- This data helps track infrastructure investment and development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of construction activity in Turkiye, providing insight into the overall output and growth of the construction sector.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a critical component of Turkiye's economy, and analyzing production volume trends can help assess investment, development, and infrastructure growth in the country.
Q: How is this data collected or calculated?
A: The data is collected by the Turkish Statistical Institute through surveys of construction firms.
Q: How is this trend used in economic policy?
A: Tracking construction production volume provides important insights for economists and policymakers to evaluate the state of Turkiye's real estate and infrastructure markets.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting, and it represents a broad measure of construction activity rather than granular details.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Turkiye (TURPRCNTO01IXOBSAQ), retrieved from FRED.