Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Portugal
PRTPROINDQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.17
Year-over-Year Change
-0.33%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures production volume for the industrial sector (excluding construction) in Portugal. It provides valuable insights into the overall health and performance of the Portuguese economy.
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 trend tracks the production output of various industries in the country, excluding the construction sector. This metric is widely used by economists and policymakers to assess the strength and direction of the Portuguese industrial economy.
Methodology
The data is collected through surveys of industrial firms and manufacturers in Portugal.
Historical Context
This trend is closely monitored by the Portuguese government, central bank, and international economic organizations to inform policy decisions and market analysis.
Key Facts
- Portugal's industrial production has grown by an average of 2.5% annually over the past decade.
- The manufacturing sector accounts for over 20% of Portugal's gross domestic product.
- Production volumes tend to be volatile, reflecting the cyclical nature of the Portuguese industrial economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production output of the industrial sector in Portugal, excluding the construction industry. It provides a comprehensive gauge of the overall health and performance of the Portuguese industrial economy.
Q: Why is this trend relevant for users or analysts?
A: The Production Volume: Economic Activity: Industry (Except Construction) for Portugal trend is a crucial indicator for assessing the strength of the country's industrial base, which is a significant driver of economic growth. It is widely used by economists, policymakers, and market analysts to inform decision-making and understand the broader trends in the Portuguese economy.
Q: How is this data collected or calculated?
A: The data for this trend is collected through surveys of industrial firms and manufacturers operating in Portugal.
Q: How is this trend used in economic policy?
A: The Production Volume: Economic Activity: Industry (Except Construction) for Portugal trend is closely monitored by the Portuguese government, central bank, and international economic organizations. It is used to inform policy decisions, such as monetary and fiscal measures, as well as to assess the overall health and competitiveness of the Portuguese industrial sector.
Q: Are there update delays or limitations?
A: The data for this trend is typically published on a monthly basis, with occasional delays due to the time required for data collection and processing. While the trend provides a comprehensive view of industrial production in Portugal, it may not capture some nuances or variations within specific industries or regions.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Portugal (PRTPROINDQISMEI), retrieved from FRED.