Production: Construction: Total for Finland
PRCNTO01FIQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.88
Year-over-Year Change
-24.66%
Date Range
1/1/1996 - 1/1/2025
Summary
The 'Production: Construction: Total for Finland' series measures the total output of the construction industry in Finland. This metric is a key indicator of economic activity and investment in the country's infrastructure and housing sectors.
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 data series tracks the overall volume of construction activity in Finland, including both residential and non-residential building projects. It is used by economists and policymakers to assess the health of the Finnish economy and inform decisions around fiscal, monetary, and industry policies.
Methodology
The data is collected through surveys of construction firms and compiled by Statistics Finland.
Historical Context
The construction industry is a major driver of economic growth, so this metric is closely monitored by the Finnish government and central bank.
Key Facts
- Finland's construction industry accounts for over 6% of GDP.
- Construction output fell by 3.2% in 2020 due to the COVID-19 pandemic.
- New residential building permits increased by 10% in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Finland' series measures the overall output or volume of construction activity in Finland, including both residential and non-residential building projects.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of economic growth, so this metric is closely watched by economists, policymakers, and investors to assess the health of the Finnish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and compiled by Statistics Finland.
Q: How is this trend used in economic policy?
A: The Finnish government and central bank monitor this construction output metric to inform decisions around fiscal, monetary, and industry policies that can support or stimulate the economy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay. There may also be revisions to previously reported figures as more complete information becomes available.
Related Trends
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Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Finland
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Financial Market: Real Effective Exchange Rates: CPI Based for Finland
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Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Finland
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Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Finland
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Infra-Annual Labor Statistics: Unemployment Rate Female: 15 Years or over for Finland
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Citation
U.S. Federal Reserve, Production: Construction: Total for Finland (PRCNTO01FIQ659S), retrieved from FRED.