Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Portugal
PRINTO01PTQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.89
Year-over-Year Change
-0.29%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the production volume of industries, excluding construction, in Portugal. It serves as an indicator of the overall health and activity level of the Portuguese industrial sector.
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 Production Volume: Economic Activity: Industry (Except Construction) for Portugal tracks the production output of manufacturing, mining, utilities, and other non-construction industries. It is a key metric used by economists and policymakers to assess the state of the Portuguese economy and inform decision-making.
Methodology
The data is collected through surveys of businesses and compiled by the national statistical agency.
Historical Context
This trend is closely monitored by the Portuguese government and the European Central Bank to gauge the strength of the country's industrial base and guide economic policies.
Key Facts
- Portugal's industrial production accounts for around 20% of its GDP.
- The trend reached a record high in 2018 and has since experienced some volatility.
- Manufacturing is the largest component, making up over 70% of total industrial output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of industries, excluding construction, in Portugal. It provides an overview of the output and activity levels of the country's manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: The Production Volume: Economic Activity: Industry (Except Construction) for Portugal is a key indicator of the health and performance of the country's industrial base, which is a significant driver of its overall economic growth. It helps analysts and policymakers assess the state of the Portuguese economy and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the national statistical agency in Portugal.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Portuguese government and the European Central Bank to gauge the strength of the country's industrial sector and inform economic policies, such as investment incentives, trade measures, and industrial development strategies.
Q: Are there update delays or limitations?
A: There may be some delays in the release of the data, as it is dependent on the timeliness of the business surveys and the compilation process by the national statistical agency. Additionally, the trend may not capture the full breadth of economic activity, as it excludes the construction sector.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Portugal (PRINTO01PTQ661N), retrieved from FRED.