Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Sweden
SWEPERMITAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.90
Year-over-Year Change
-6.75%
Date Range
1/1/1996 - 1/1/2023
Summary
This trend measures the number of permits issued for the construction of new buildings in Sweden, a key indicator of economic activity in the 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: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Sweden' series tracks the monthly permits issued for the construction of new buildings in Sweden. This provides insight into the level of investment and expected future construction activity in the Swedish economy.
Methodology
The data is collected and reported by the Swedish National Board of Housing, Building and Planning.
Historical Context
Permit issuance is closely monitored by policymakers and market analysts to gauge the health of the construction industry and broader economic conditions.
Key Facts
- Permits issued for new building construction are a leading indicator of future construction activity.
- Sweden's construction sector accounts for around 6% of its total GDP.
- Building permit data is used to forecast housing starts and investment in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of permits issued for the construction of new buildings in Sweden, providing insight into investment and expected future activity in the construction sector.
Q: Why is this trend relevant for users or analysts?
A: Building permit data is a key leading indicator used by policymakers and market analysts to gauge the health of the construction industry and broader economic conditions in Sweden.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the Swedish National Board of Housing, Building and Planning.
Q: How is this trend used in economic policy?
A: Permit issuance is closely monitored by Swedish policymakers to assess the outlook for the construction industry and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released with a short lag, typically within a month of the reference period. There are no known major limitations to the reporting of this series.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Sweden (SWEPERMITAISMEI), retrieved from FRED.