Production: Construction: Total for Austria
PRCNTO01ATQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
-88.97%
Date Range
4/1/1996 - 1/1/2025
Summary
The 'Production: Construction: Total for Austria' trend measures the overall output and activity in the Austrian construction industry. It is a key indicator of economic health and 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 economic indicator tracks the total production volume of the construction sector in Austria. It provides valuable insights into the state of the country's infrastructure development, investment climate, and broader economic conditions.
Methodology
The data is collected and calculated by the Austrian statistical agency based on surveys of construction firms.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the strength of the Austrian economy and guide decisions on fiscal, monetary, and investment policies.
Key Facts
- Austria is a major industrial economy in Europe.
- The construction sector accounts for over 6% of Austria's GDP.
- Construction output has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Austria' indicator tracks the overall production and output of the construction industry in Austria.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the state of Austria's infrastructure development, investment climate, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Austrian statistical agency based on surveys of construction firms.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess the strength of the Austrian economy and guide decisions on fiscal, monetary, and investment policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 4-6 weeks.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Austria (PRCNTO01ATQ657S), retrieved from FRED.