Production: Construction: Total for Austria
AUTPRCNTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1996 - 5/1/2025
Summary
The 'Production: Construction: Total for Austria' measures the overall construction output in Austria, a key indicator of economic activity and infrastructure investment.
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
This series tracks the total volume of construction work carried out within Austria, including both residential and non-residential buildings as well as civil engineering projects. It is a widely followed metric for assessing the health and momentum of the Austrian construction sector.
Methodology
The data is collected through surveys of construction firms and contractors.
Historical Context
Construction activity is closely monitored by policymakers and economists as it reflects broader economic conditions and investment trends.
Key Facts
- Austria's construction sector accounts for over 6% of GDP.
- Construction output grew by 3.2% in 2021 after a pandemic-related decline.
- Residential building permits increased by 8.4% in 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Austria' measures the overall volume of construction activity within the country, including residential, non-residential, and civil engineering projects.
Q: Why is this trend relevant for users or analysts?
A: Construction activity is a key indicator of economic health and investment, reflecting broader trends in the Austrian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and contractors across Austria.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor construction output as it provides insight into infrastructure investment, business confidence, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Austria (AUTPRCNTO01GPSAM), retrieved from FRED.