Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Portugal
PRTPERMITMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
337.00
Year-over-Year Change
-0.59%
Date Range
1/1/1994 - 12/1/2023
Summary
This economic trend measures the number of building permits issued for new dwellings in Portugal, a key indicator of construction activity and future housing supply.
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 permits issued for dwellings metric provides insight into the level of new residential construction underway, serving as a leading indicator of overall economic activity in the construction sector.
Methodology
The data is collected through administrative records on building permits issued by local authorities.
Historical Context
This trend is closely monitored by policymakers and economists to assess the health of the Portuguese housing market and broader economy.
Key Facts
- Building permits in Portugal peaked in 2007 prior to the global financial crisis.
- Permit issuance declined sharply during the recession but has since recovered.
- Residential construction is a key driver of economic growth in Portugal.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of building permits issued for new dwellings in Portugal, providing insight into the level of new residential construction activity.
Q: Why is this trend relevant for users or analysts?
A: The permits issued for dwellings metric is a leading indicator of overall construction sector activity and broader economic conditions in Portugal.
Q: How is this data collected or calculated?
A: The data is collected through administrative records on building permits issued by local authorities in Portugal.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the health of the Portuguese housing market and broader economy.
Q: Are there update delays or limitations?
A: There may be some delay in reporting the latest building permit data, and the metric may not capture all informal or unrecorded construction activity.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Portugal (PRTPERMITMISMEI), retrieved from FRED.