Production, Sales, Work Started and Orders: Construction Work Started on Dwellings: Economic Activity: Construction of Buildings for Sweden
WSCNDW01SEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.71
Year-over-Year Change
105.84%
Date Range
1/1/1965 - 1/1/2022
Summary
This economic trend measures the volume of construction work started on new residential buildings in Sweden. It serves as an important indicator of activity and confidence in the construction industry.
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 metric tracks the initiation of new residential building projects in Sweden. This data point is a leading indicator of construction activity and economic growth, as new housing construction has significant ripple effects across various sectors.
Methodology
The data is collected through surveys of construction firms and builders.
Historical Context
Policymakers and economists closely monitor this metric to assess the state of the Swedish housing market and broader economic conditions.
Key Facts
- New residential construction is a key driver of economic growth.
- The Construction Work Started metric leads other housing indicators.
- Fluctuations in this metric can signal changes in consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of new construction work started on residential buildings in Sweden, which is an important indicator of activity and confidence in the construction industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is a leading indicator of construction activity and economic growth, as new housing construction has significant ripple effects across various sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and builders.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the state of the Swedish housing market and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely insights into the construction industry.
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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 Sweden (WSCNDW01SEA661S), retrieved from FRED.