Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Slovak Republic
SVKPROCONMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.01
Year-over-Year Change
-5.53%
Date Range
1/1/1992 - 3/1/2024
Summary
This economic trend measures construction production volume in the Slovak Republic, providing insight into the health and activity of the country's construction sector.
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, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Slovak Republic series tracks the output and production levels of the construction industry in Slovakia. This data is used by economists and policymakers to monitor the overall state of the country's economy and investment activity.
Methodology
The data is collected through surveys of construction firms and contractors in Slovakia.
Historical Context
This construction production index is a key indicator for assessing economic growth and investment trends in the Slovak Republic.
Key Facts
- Slovakia's construction industry accounts for over 6% of GDP.
- Construction production fell by 8.2% in 2020 due to the COVID-19 pandemic.
- The construction sector employs over 200,000 workers in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume and output levels of the construction industry in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: The construction production index is a key indicator of overall economic activity and investment in Slovakia, providing insights into the health of the country's construction sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and contractors in Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this construction production index to monitor economic growth, investment, and the overall state of the Slovak Republic's economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with occasional delays of up to 2 months in reporting.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Slovak Republic (SVKPROCONMISMEI), retrieved from FRED.