Production: Construction: Total for Spain
PRCNTO01ESQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.70
Year-over-Year Change
-82.19%
Date Range
4/1/1988 - 1/1/2025
Summary
The 'Production: Construction: Total for Spain' trend measures the total output of the Spanish construction industry over time. This data is crucial for monitoring the health and performance of a key sector of the Spanish economy.
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 overall production volume of the construction industry in Spain. It is an important measure of investment, infrastructure development, and broader economic conditions as construction activity is closely tied to macroeconomic performance.
Methodology
The data is collected and calculated by the Spanish National Statistics Institute (INE) based on surveys of construction firms.
Historical Context
Policymakers and investors use this data to assess the state of the Spanish economy and make informed decisions.
Key Facts
- Spain is the second-largest construction market in the European Union.
- Construction accounts for over 6% of Spain's total GDP.
- Spanish construction output reached a record high in 2007 before declining during the global financial crisis.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Spain' trend measures the overall output or production volume of the construction industry in Spain.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for monitoring the health and performance of a key sector of the Spanish economy, as construction activity is closely tied to broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Spanish National Statistics Institute (INE) based on surveys of construction firms.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this data to assess the state of the Spanish economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical delay of around two months.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Spain (PRCNTO01ESQ657S), retrieved from FRED.