Work Started: Construction: Dwellings and Residential Buildings: Total for Switzerland
WSCNDW01CHA470N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63,044.75
Year-over-Year Change
72.82%
Date Range
1/1/1994 - 1/1/2009
Summary
This economic trend measures the number of construction projects started for dwellings and residential buildings in Switzerland. It provides valuable insights into the health and activity of the Swiss housing and construction sectors.
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 'Work Started: Construction: Dwellings and Residential Buildings: Total for Switzerland' series tracks the volume of new construction projects initiated for residential real estate in the country. This data is used by economists and policymakers to assess the state of the Swiss housing market and broader economic conditions.
Methodology
The data is collected through surveys of construction firms and government agencies.
Historical Context
This trend is closely monitored by the Swiss National Bank and other institutions to gauge consumer and business confidence.
Key Facts
- Switzerland is a highly developed economy with a robust construction sector.
- Residential construction is a key driver of Swiss economic growth.
- This data series dates back to the 1960s, providing long-term historical context.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of new construction projects started for dwellings and residential buildings in Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and activity of the Swiss housing and construction sectors, which are crucial indicators of broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and government agencies.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Swiss National Bank and other institutions to gauge consumer and business confidence, which informs economic policymaking.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely information on the Swiss construction industry.
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Citation
U.S. Federal Reserve, Work Started: Construction: Dwellings and Residential Buildings: Total for Switzerland (WSCNDW01CHA470N), retrieved from FRED.