Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Portugal
PRTPROCONAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.64
Year-over-Year Change
-34.12%
Date Range
1/1/2000 - 1/1/2023
Summary
The 'Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Portugal' series measures the level of construction activity in Portugal, providing insights into the health of the country's construction 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
This economic indicator tracks the production volume of the construction industry in Portugal, serving as a barometer for overall construction activity and economic growth. It is closely monitored by policymakers, analysts, and businesses to assess the state of the Portuguese economy.
Methodology
The data is collected and calculated by the national statistical agency of Portugal.
Historical Context
The construction industry is a key driver of economic activity, and this trend is used to inform policy decisions and investment strategies.
Key Facts
- Portugal's construction industry accounts for around 6% of its GDP.
- The construction sector employs over 400,000 workers in Portugal.
- Construction activity in Portugal reached a peak in 2008 before declining during the financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the construction industry in Portugal, providing an indicator of overall construction activity and economic growth.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of economic activity, and this trend is closely monitored by policymakers, analysts, and businesses to assess the state of the Portuguese economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the national statistical agency of Portugal.
Q: How is this trend used in economic policy?
A: This trend is used to inform policy decisions and investment strategies related to the construction industry and overall economic development in Portugal.
Q: Are there update delays or limitations?
A: The data is released on a regular basis by the statistical agency, but there may be some delays or limitations in the reporting that users should be aware of.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Portugal (PRTPROCONAISMEI), retrieved from FRED.