Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Portugal
PRTPRMNTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.28
Year-over-Year Change
-3.04%
Date Range
1/1/1955 - 3/1/2024
Summary
This economic trend measures manufacturing production volume in Portugal, a key indicator of the country's industrial activity and economic health.
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: Manufacturing for Portugal series tracks the overall level of manufacturing output, providing insight into the strength and trajectory of the Portuguese industrial sector. It is a widely monitored metric for policymakers and analysts assessing the state of the Portuguese economy.
Methodology
The data is collected through surveys of manufacturing firms in Portugal and aggregated to produce the production volume index.
Historical Context
This manufacturing production trend is used to inform economic policy decisions and market analysis of the Portuguese industrial and broader economic landscape.
Key Facts
- Portugal is a major manufacturing hub in Europe.
- Manufacturing accounts for over 20% of Portugal's GDP.
- The production volume index reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall production volume of the manufacturing sector in Portugal, providing a gauge of industrial activity and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing production volume is a key indicator of the strength and direction of the Portuguese economy, making it highly relevant for policymakers, investors, and economists monitoring the country's industrial and macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms in Portugal and aggregated to produce the production volume index.
Q: How is this trend used in economic policy?
A: Policymakers and institutions closely monitor this manufacturing production trend to inform decisions on monetary policy, fiscal measures, and broader economic strategy for Portugal.
Q: Are there update delays or limitations?
A: The production volume data is published on a monthly basis, with a typical lag of 1-2 months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Portugal (PRTPRMNTO01IXOBM), retrieved from FRED.