Permits Issued for Dwelling in Switzerland
CHEPERMITQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167.42
Year-over-Year Change
45.74%
Date Range
1/1/1994 - 10/1/2012
Summary
This trend measures the number of dwelling permits issued in Switzerland, providing insights into the country's construction and housing market 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 Permits Issued for Dwelling in Switzerland metric tracks the total number of permits granted for the construction of new residential units, including single-family homes, multi-unit buildings, and other dwellings. This data is a leading indicator for the Swiss construction industry and housing market.
Methodology
The data is collected by the Swiss Federal Statistical Office through its regular surveys of construction and housing permits.
Historical Context
Policymakers and economists use this trend to assess the health of the Swiss housing and construction sectors.
Key Facts
- Switzerland issued over 50,000 dwelling permits in 2021.
- Permit issuance declined by 7% in 2020 due to the COVID-19 pandemic.
- The majority of permits are for multi-unit residential buildings.
FAQs
Q: What does this economic trend measure?
A: The Permits Issued for Dwelling in Switzerland metric tracks the total number of permits granted for the construction of new residential units in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of activity in the Swiss construction and housing markets, providing insights into future construction and housing supply.
Q: How is this data collected or calculated?
A: The data is collected by the Swiss Federal Statistical Office through its regular surveys of construction and housing permits.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of the Swiss housing and construction sectors, which are important drivers of the country's economic growth.
Q: Are there update delays or limitations?
A: There may be slight delays in data reporting, as the permit data is collected through surveys. Additionally, the data may not capture all informal or unregistered construction activity.
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Citation
U.S. Federal Reserve, Permits Issued for Dwelling in Switzerland (CHEPERMITQISMEI), retrieved from FRED.