Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Austria
AUTPROINDMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.99
Year-over-Year Change
-0.71%
Date Range
1/1/1955 - 10/1/2023
Summary
This trend measures the production volume of economic activity in Austria's industry, excluding construction. It serves as an important indicator of the country's industrial output and overall economic performance.
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 Austria tracks the production levels across various industrial sectors, providing insights into the health and growth of the nation's manufacturing base. This metric is closely monitored by economists and policymakers to assess the strength of the Austrian economy.
Methodology
The data is collected through surveys of industrial establishments and compiled by the Austrian statistical agency.
Historical Context
This trend is used by analysts and decision-makers to gauge the current state and future trajectory of Austria's industrial sector, which is a crucial driver of the country's economic growth.
Key Facts
- Austria is a major industrial economy in Europe.
- The industrial sector accounts for over a quarter of Austria's GDP.
- Production volume is a leading indicator of the country's economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of economic activity in Austria's industry, excluding the construction sector. It provides an overview of the manufacturing and industrial output in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by economists and policymakers as it offers insights into the strength and growth of Austria's industrial base, which is a crucial driver of the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments and compiled by the Austrian statistical agency.
Q: How is this trend used in economic policy?
A: This trend is used by analysts and decision-makers to gauge the current state and future trajectory of Austria's industrial sector, which informs economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and compilation schedules of the Austrian statistical agency, which may result in occasional update delays. Users should be aware of any such limitations when interpreting the trend.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Austria (AUTPROINDMISMEI), retrieved from FRED.