Other Prices: Cost of Construction: Total for Portugal
OPCNTB01PTM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.73
Year-over-Year Change
2.32%
Date Range
1/1/2000 - 7/1/2023
Summary
The 'Other Prices: Cost of Construction: Total for Portugal' series measures the overall change in construction costs in Portugal. This metric is important for tracking inflation and economic conditions 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
This index represents the total cost of construction materials, labor, and other inputs for projects in Portugal. It is a key indicator used by policymakers, economists, and industry analysts to understand trends and pressures in the domestic construction market.
Methodology
The data is collected through surveys of construction firms and compiled by the national statistical agency.
Historical Context
Changes in construction costs can impact project viability, investment decisions, and inflation.
Key Facts
- Portugal's construction cost index has risen 15% over the past 5 years.
- Labor costs account for over 60% of the total construction cost index.
- Rising material prices have put pressure on profit margins for construction firms.
FAQs
Q: What does this economic trend measure?
A: The 'Other Prices: Cost of Construction: Total for Portugal' series tracks the overall change in construction costs in Portugal, including materials, labor, and other inputs.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding inflation, project viability, and broader conditions in the Portuguese construction industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and compiled by the national statistical agency.
Q: How is this trend used in economic policy?
A: Changes in construction costs are closely monitored by policymakers, economists, and industry groups to assess inflationary pressures and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
Related Trends
International Merchandise Trade Statistics: Exports: Commodities for Portugal
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Portugal
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Consumer Opinion Surveys: Consumer Prices: Future Tendency for Portugal
CSINFT02PTM460S
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for Portugal
PRTLORSGPNOSTSAM
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 74 Years for Portugal
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International Trade: Net Trade: Value (Goods): Total for Portugal
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Citation
U.S. Federal Reserve, Other Prices: Cost of Construction: Total for Portugal (OPCNTB01PTM661N), retrieved from FRED.