Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal
LCEAMN01PTQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.15
Year-over-Year Change
20.42%
Date Range
1/1/2000 - 10/1/2023
Summary
The 'Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal' measures the average hourly compensation paid to manufacturing workers in Portugal. This metric is a key indicator of labor costs and productivity in the Portuguese 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
This series tracks the average hourly wages paid to workers in the manufacturing sector of Portugal's economy. Economists and policymakers use this data to assess trends in labor market conditions, understand inflationary pressures, and evaluate the competitiveness of Portugal's exports.
Methodology
The data is collected through surveys of Portuguese manufacturing firms and aggregated by the national statistical agency.
Historical Context
Hourly earnings in manufacturing are an important input for macroeconomic models and policy decisions in Portugal.
Key Facts
- Portugal's manufacturing sector accounts for around 17% of GDP.
- Hourly wages in manufacturing tend to be higher than the overall national average.
- Trends in manufacturing wages can impact the country's export competitiveness.
FAQs
Q: What does this economic trend measure?
A: The 'Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal' measures the average hourly compensation paid to workers in the manufacturing sector of Portugal's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor costs and productivity in the Portuguese manufacturing industry, which is an important driver of the country's economic growth and export performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Portuguese manufacturing firms and aggregated by the national statistical agency.
Q: How is this trend used in economic policy?
A: Hourly earnings in manufacturing are an important input for macroeconomic models and policy decisions in Portugal, as they provide insights into labor market conditions, inflationary pressures, and export competitiveness.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal (LCEAMN01PTQ661N), retrieved from FRED.