Production: Construction: Total for Czech Republic
PRCNTO01CZQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.16
Year-over-Year Change
-24.19%
Date Range
4/1/1995 - 1/1/2025
Summary
The 'Production: Construction: Total for Czech Republic' indicator measures the overall output of the construction industry in the Czech Republic. It serves as a key metric for economists and policymakers to gauge the health and trends within the country's 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
This economic indicator tracks the total production volume in the Czech Republic's construction industry. It provides valuable insights into the broader state of economic activity and investment in the country, as the construction sector is a major driver of GDP and employment.
Methodology
The data is collected and calculated by the Czech Statistical Office through surveys of construction companies and project monitoring.
Historical Context
Policymakers and market analysts use this indicator to assess the construction industry's contribution to the Czech economy and make informed decisions about infrastructure investment, housing policies, and economic stimulus measures.
Key Facts
- The construction sector accounts for over 6% of the Czech Republic's GDP.
- Construction employment in the Czech Republic exceeds 400,000 workers.
- The Czech construction industry grew by 3.2% in 2021 after a pandemic-induced decline.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Czech Republic' indicator measures the overall output or production volume of the construction industry in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the health and performance of the Czech construction sector, which is a significant driver of the country's economic growth and investment.
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 and project monitoring.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this indicator to assess the construction industry's contribution to the Czech economy and make informed decisions about infrastructure investment, housing policies, and economic stimulus measures.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Czech Republic (PRCNTO01CZQ657S), retrieved from FRED.