Production: Construction: Total for Slovak Republic
PRCNTO01SKQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
-104.21%
Date Range
4/1/1992 - 1/1/2025
Summary
This economic trend measures total construction production in the Slovak Republic, providing insight into the country's construction industry activity and economic growth.
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 Slovak Republic series tracks the monthly changes in the total volume of construction output in the Slovak Republic. It is a key indicator for monitoring construction industry performance and broader economic conditions.
Methodology
The data is collected through surveys of construction companies and calculated by the Statistical Office of the Slovak Republic.
Historical Context
This trend is used by policymakers, investors, and analysts to assess the health of the Slovak construction sector and its contribution to the overall economy.
Key Facts
- Construction makes up approximately 7% of Slovakia's GDP.
- Production levels have fluctuated since the global financial crisis.
- The construction industry employs over 180,000 workers in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of construction output in the Slovak Republic, including residential, commercial, and infrastructure projects.
Q: Why is this trend relevant for users or analysts?
A: Construction activity is a key indicator of economic growth, as it reflects investment, employment, and overall business confidence in a country.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and calculated by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Slovak construction sector and its contribution to the broader economy, informing decisions on economic policies and investments.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Slovak Republic (PRCNTO01SKQ657S), retrieved from FRED.