Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Czechia
CZEPROCONQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.52
Year-over-Year Change
3.93%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the production volume of the construction industry in Czechia, providing insights into the overall economic activity and growth in the construction sector.
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 Czechia series tracks the output of the construction industry, a crucial indicator of economic health and investment. This data is used by policymakers, analysts, and businesses to assess the state of the Czechia economy and make informed decisions.
Methodology
The data is collected and calculated by the Czech Statistical Office through surveys of construction companies.
Historical Context
This construction production trend is an important input for policymakers and investors in evaluating the overall economic landscape in Czechia.
Key Facts
- Construction production in Czechia accounts for around 6% of GDP.
- The construction industry employs over 400,000 people in Czechia.
- Czechia's construction output reached a record high in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the construction industry in Czechia, providing insights into the overall economic activity and growth in the construction sector.
Q: Why is this trend relevant for users or analysts?
A: The construction production trend is a crucial indicator of economic health and investment in Czechia, making it relevant for policymakers, analysts, and businesses to assess the state of the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Czech Statistical Office through surveys of construction companies.
Q: How is this trend used in economic policy?
A: This construction production trend is an important input for policymakers and investors in evaluating the overall economic landscape in Czechia.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with potential for slight delays in reporting.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Czechia (CZEPROCONQISMEI), retrieved from FRED.