Leading Indicators OECD: Component series: Production - Electricity: Normalised for Portugal
PRTLOCOPENOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.26
Year-over-Year Change
0.27%
Date Range
1/1/1968 - 10/1/2022
Summary
The Leading Indicators OECD: Component series: Production - Electricity: Normalised for Portugal measures electricity production in Portugal, which is a key indicator of economic activity and industrial output.
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 changes in electricity production, a vital component of the OECD's leading economic indicator system. It provides insights into Portugal's broader industrial and manufacturing trends, serving as an important barometer for economists and policymakers.
Methodology
The data is collected directly from Portugal's national electricity grid operator.
Historical Context
Electricity production is a crucial input for many economic activities, making this indicator relevant for assessing Portugal's near-term economic performance and outlook.
Key Facts
- Portugal is the 15th largest economy in the European Union.
- Electricity accounts for over 20% of Portugal's total energy consumption.
- This indicator is published monthly with a 2-month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in electricity production in Portugal, which is a key indicator of the country's industrial activity and broader economic performance.
Q: Why is this trend relevant for users or analysts?
A: Electricity production is a crucial input for many economic activities, making this indicator highly relevant for assessing Portugal's near-term economic outlook and performance.
Q: How is this data collected or calculated?
A: The data is collected directly from Portugal's national electricity grid operator.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to gauge Portugal's industrial activity and broader economic conditions, informing policy decisions and market analysis.
Q: Are there update delays or limitations?
A: This indicator is published monthly with a 2-month lag, which should be considered when interpreting the data.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Component series: Production - Electricity: Normalised for Portugal (PRTLOCOPENOSTSAM), retrieved from FRED.