Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Portugal
Number, Monthly level, Annual, Not Seasonally Adjusted
ODCNPI03PTA470N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,520.58
Year-over-Year Change
20.98%
Date Range
1/1/1994 - 1/1/2022
Summary
This economic series measures the monthly level of the Personal Consumption Expenditures (PCE) Price Index for Durable Goods, a key indicator of consumer inflation and a critical data point for policymakers.
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 PCE Price Index tracks the prices paid by consumers for a basket of durable goods. It is a widely followed metric that the Federal Reserve uses to monitor and manage price stability, which is crucial for maintaining economic growth and employment.
Methodology
The data is collected through household and business surveys conducted by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts closely monitor the PCE Price Index to assess inflationary pressures and inform monetary policy decisions.
Key Facts
- The PCE Price Index is a key measure of consumer inflation.
- It covers a broad range of durable goods, from appliances to vehicles.
- The Federal Reserve uses the PCE Price Index to set monetary policy.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly level of the Personal Consumption Expenditures (PCE) Price Index for Durable Goods, which tracks the prices paid by consumers for a basket of durable goods.
Q: Why is this trend relevant for users or analysts?
A: The PCE Price Index is a widely followed metric that the Federal Reserve uses to monitor and manage price stability, which is crucial for maintaining economic growth and employment.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the PCE Price Index to assess inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The PCE Price Index data is released monthly by the Bureau of Economic Analysis, with some potential for minor revisions over time.
Related Trends
Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Portugal
IR3TIB01PTM156N
Sales: Retail Trade: Total Retail Trade: Volume for Portugal
SLRTTO01PTA657S
Consumer Price Index: Transport (COICOP 07): Total for Portugal
PRTCP070000GPQ
Consumer Price Index: Harmonized Prices: Services: Total for Portugal
PRTCPHPSE01GPM
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Portugal
LREM24MAPTA156N
Amount Outstanding Due within One Year of International Debt Securities for General Government Sector, Residence of Issuer in Portugal
IDS1YMAORIGGPT
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Chain-type Price Index for Durable Goods (ODCNPI03PTA470N), retrieved from FRED.