Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal
LCEAMN01PTA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.27
Year-over-Year Change
42.69%
Date Range
1/1/2000 - 1/1/2023
Summary
This economic indicator measures average hourly earnings in the manufacturing sector of the Portuguese economy. It provides insights into labor costs and productivity trends that are relevant for policymakers and analysts.
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 Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal series tracks the average hourly compensation for manufacturing workers. It is a key metric for understanding labor market dynamics and competitiveness in Portuguese industry.
Methodology
The data is collected through surveys of Portuguese manufacturing employers.
Historical Context
This trend is used to assess the health of the Portuguese economy and inform policy decisions related to trade, investment, and economic growth.
Key Facts
- Manufacturing accounts for 15% of Portugal's GDP.
- Hourly earnings in Portuguese manufacturing have risen 2.5% annually over the past decade.
- Productivity growth has lagged wage increases in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average hourly compensation for workers in the manufacturing sector of the Portuguese economy.
Q: Why is this trend relevant for users or analysts?
A: Hourly earnings data provides insights into labor costs, productivity, and competitiveness, which are important for policymakers and investors analyzing the Portuguese economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Portuguese manufacturing employers.
Q: How is this trend used in economic policy?
A: This indicator informs policy decisions related to trade, investment, and economic growth in Portugal.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the latest hourly earnings data for the Portuguese manufacturing sector.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal (LCEAMN01PTA661N), retrieved from FRED.