Production: Industry: Total Industry Excluding Construction for Slovak Republic
PRINTO01SKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
-96.42%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator measures the total industrial production in Slovakia, excluding the construction sector. It provides insights into the overall health and performance of the Slovak 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 Slovak Republic tracks the volume of industrial output in Slovakia, excluding the construction industry. It is a key metric used by economists and policymakers to assess the strength and trends in the country's manufacturing and industrial sectors.
Methodology
The data is collected and calculated by the Statistical Office of the Slovak Republic.
Historical Context
This trend is closely monitored by the Slovak government, the European Central Bank, and international investors to gauge the health of the Slovak industrial economy.
Key Facts
- Slovakia is a major industrial economy in Central Europe.
- Manufacturing accounts for over 20% of Slovakia's GDP.
- Industrial production data is a leading indicator of economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total volume of industrial production in Slovakia, excluding the construction sector. It provides insights into the overall health and performance of the Slovak industrial economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by economists, policymakers, and investors to assess the strength and direction of the Slovak industrial sector, which is a major driver of the country's economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The Slovak government, the European Central Bank, and international investors closely track this indicator to gauge the health of the Slovak industrial economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis with a short delay, providing timely information on the state of the Slovak industrial sector.
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Citation
U.S. Federal Reserve, Production: Industry: Total Industry Excluding Construction for Slovak Republic (PRINTO01SKA657S), retrieved from FRED.