Production: Industry: Total Industry Excluding Construction for Estonia
PRINTO01EEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.03
Year-over-Year Change
-465.48%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures total industrial production in Estonia, excluding the construction sector. It provides insights into the performance and health of the broader industrial 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
The Production: Industry: Total Industry Excluding Construction for Estonia metric tracks the overall volume of industrial output in the country, removing the construction component. It is a valuable indicator of the strength and trajectory of the manufacturing, mining, and utilities sectors.
Methodology
The data is collected through surveys of industrial establishments and calculated as an index relative to a base year.
Historical Context
This trend is closely monitored by policymakers, analysts, and investors to assess Estonia's economic conditions and competitiveness.
Key Facts
- Estonia is a major exporter of industrial goods in Europe.
- The industrial sector accounts for over a quarter of Estonia's GDP.
- This metric excludes construction to focus on core industrial activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of industrial production in Estonia, excluding the construction sector. It provides insights into the performance of the country's manufacturing, mining, and utilities industries.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of the health and competitiveness of Estonia's industrial economy, which is a significant driver of the country's overall economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this trend to assess Estonia's economic conditions and competitiveness, informing decisions related to industrial policy, trade, and investment.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions common to economic statistics, but no significant delays or limitations are known.
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Citation
U.S. Federal Reserve, Production: Industry: Total Industry Excluding Construction for Estonia (PRINTO01EEA659S), retrieved from FRED.