Production: Construction: Total for Ireland
PRCNTO01IEQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.50
Year-over-Year Change
-345.84%
Date Range
4/1/2000 - 1/1/2025
Summary
This economic trend measures the total volume of construction output in Ireland. It is a key indicator of economic activity and infrastructure 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
The Production: Construction: Total for Ireland index tracks the overall level of construction activity in the Irish economy. It is a composite measure encompassing both residential and non-residential construction, serving as an important barometer for the broader construction sector.
Methodology
The data is collected and calculated by Ireland's Central Statistics Office based on surveys of construction firms.
Historical Context
This construction output metric is closely watched by policymakers, investors, and analysts to gauge the health of the Irish economy.
Key Facts
- Construction accounts for over 6% of Ireland's GDP.
- Ireland's construction output fell by over 50% during the 2008 financial crisis.
- Residential construction has been a key driver of the sector's recovery since 2013.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of construction activity in Ireland, including both residential and non-residential construction projects.
Q: Why is this trend relevant for users or analysts?
A: Construction output is a key indicator of economic health and infrastructure investment, making this trend important for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Ireland's Central Statistics Office based on surveys of construction firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this construction output metric to gauge the overall state of the Irish economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of 2-3 months, and may be subject to revisions.
Related Trends
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Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for Ireland
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Real Gross Domestic Product for Ireland
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Citation
U.S. Federal Reserve, Production: Construction: Total for Ireland (PRCNTO01IEQ657S), retrieved from FRED.