Production, Sales, Work Started and Orders: Construction Work Started on Dwellings: Economic Activity: Construction of Buildings for Czechia
WSCNDW01CZQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.54
Year-over-Year Change
22.04%
Date Range
1/1/1996 - 10/1/2018
Summary
This economic indicator measures the volume of construction work started on new residential dwellings in Czechia. It provides insight into the level of construction activity and housing investment in the Czech 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 Construction Work Started on Dwellings indicator tracks the initiation of new residential building projects in Czechia. It is a leading indicator of construction sector output and housing market performance, which are key components of overall economic growth.
Methodology
The data is collected by the Czech Statistical Office through surveys of construction firms and developers.
Historical Context
Policymakers and analysts use this metric to assess the health of the Czech construction industry and broader economic conditions.
Key Facts
- Construction work started on dwellings is a leading economic indicator.
- Czechia is a Central European country with a developed construction sector.
- Housing investment is a key component of GDP growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the volume of new residential construction projects initiated in Czechia.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into housing market conditions and construction sector activity, which are important drivers of overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and developers by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the Czech construction industry and broader economic conditions.
Q: Are there update delays or limitations?
A: There may be some time lag in data reporting, but the Czech Statistical Office aims to provide timely and reliable construction statistics.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Construction Work Started on Dwellings: Economic Activity: Construction of Buildings for Czechia (WSCNDW01CZQ661S), retrieved from FRED.