Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Estonia
PRCNTO01EEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.80
Year-over-Year Change
3.56%
Date Range
1/1/1994 - 10/1/2023
Summary
This economic trend measures the production volume of construction activity in Estonia, providing insights into the overall state of 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
The Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Estonia series tracks the production levels of the construction industry in the country. This data is used by economists and policymakers to assess the health and trajectory of the construction sector, which is a key driver of economic growth.
Methodology
The data is collected by the Estonian statistical agency through surveys of construction companies.
Historical Context
This construction production data is closely monitored by the Estonian government and central bank to inform infrastructure investment decisions and assess the broader economic climate.
Key Facts
- Construction is a key sector of the Estonian economy.
- Production volumes can signal infrastructure investment trends.
- The data is released monthly by the Estonian statistical agency.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the construction industry in Estonia, providing insights into the overall activity levels of the construction sector.
Q: Why is this trend relevant for users or analysts?
A: Construction is a critical driver of economic growth, and this data is used by economists and policymakers to assess the health and trajectory of the construction industry in Estonia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: The Estonian government and central bank closely monitor this construction production data to inform infrastructure investment decisions and evaluate the broader economic climate.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant delays, providing timely insights into the construction sector.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Estonia (PRCNTO01EEQ661N), retrieved from FRED.