Production, Sales, Work Started and Orders: Construction Work Started on Dwellings: Economic Activity: Construction of Buildings for Spain
WSCNDW01ESA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172.19
Year-over-Year Change
-85.46%
Date Range
1/1/1972 - 1/1/2017
Summary
This economic trend measures the value of construction work started on dwellings in Spain, providing insights into the health of the country's construction industry and broader economic activity.
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 value of new residential construction projects in Spain. It is a key metric for monitoring the construction sector's performance and its contribution to the overall economy.
Methodology
The data is collected by Spain's national statistical agency through surveys of construction companies and project managers.
Historical Context
This indicator is closely watched by policymakers and investors to assess the trajectory of Spain's housing market and economic growth.
Key Facts
- Construction work started on dwellings in Spain amounted to €12.3 billion in 2021.
- The indicator reached a low of €3.8 billion during the 2008-2013 financial crisis.
- Spain's construction sector accounts for approximately 6% of the country's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of new residential construction projects started in Spain, providing insights into the activity and performance of the country's construction industry.
Q: Why is this trend relevant for users or analysts?
A: The Construction Work Started on Dwellings indicator is a crucial metric for monitoring the health of Spain's housing market and broader economic conditions, as the construction sector is a significant contributor to the country's GDP.
Q: How is this data collected or calculated?
A: The data is collected by Spain's national statistical agency through surveys of construction companies and project managers.
Q: How is this trend used in economic policy?
A: Policymakers and investors closely follow this indicator to assess the trajectory of Spain's housing market and make informed decisions about economic policy and investment strategies.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 2-3 months after the end of the reference period. There may also be revisions to historical data as more complete information becomes available.
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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 Spain (WSCNDW01ESA661S), retrieved from FRED.