Production: Construction: Total construction: Total for the Russian Federation
RUSPRCNTO01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.77
Year-over-Year Change
-14.09%
Date Range
1/1/2004 - 7/1/2018
Summary
This trend measures total construction activity in the Russian Federation, providing insight into the health of the country's construction sector and broader economic conditions.
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 construction: Total for the Russian Federation' series tracks the overall level of construction output in Russia. It is an important indicator of investment, infrastructure development, and economic growth.
Methodology
The data is compiled by Russia's Federal State Statistics Service (Rosstat) based on reports from construction firms and other sources.
Historical Context
Policymakers and analysts use this metric to assess the strength of the Russian construction industry and make informed decisions about economic policy.
Key Facts
- Russia is one of the world's largest construction markets.
- Construction accounts for about 6% of Russia's GDP.
- The construction industry employs over 6 million people in Russia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output of the construction industry in the Russian Federation, 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, and this metric provides valuable insight into investment, infrastructure development, and overall economic conditions in Russia.
Q: How is this data collected or calculated?
A: The data is compiled by Russia's Federal State Statistics Service (Rosstat) based on reports from construction firms and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of the Russian construction industry and make informed decisions about economic policy, such as infrastructure investment and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and compilation processes of Rosstat, which may result in some delays or limitations in its timeliness and coverage.
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Citation
U.S. Federal Reserve, Production: Construction: Total construction: Total for the Russian Federation (RUSPRCNTO01IXOBQ), retrieved from FRED.