Labor Compensation: Earnings: Manufacturing: Hourly for Portugal
LCEAMN01PTQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.48
Year-over-Year Change
-10122.75%
Date Range
1/1/2001 - 10/1/2023
Summary
This economic trend measures hourly labor compensation in the manufacturing sector in Portugal. It provides insight into production costs and worker earnings, which are key indicators of economic activity and competitiveness.
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 Labor Compensation: Earnings: Manufacturing: Hourly for Portugal series tracks the average hourly wages and benefits paid to manufacturing workers. This data is used by economists and policymakers to analyze labor market dynamics, productivity, and cost pressures within the Portuguese industrial sector.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Federal Reserve.
Historical Context
This trend is closely monitored by investors and trade analysts to assess Portugal's manufacturing competitiveness within Europe and global markets.
Key Facts
- Portugal's manufacturing hourly earnings were €12.82 in 2022.
- Earnings in Portugal's manufacturing sector have risen 10% over the past 5 years.
- Portugal's manufacturing labor costs are among the lowest in Western Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly compensation, including wages and benefits, paid to workers in Portugal's manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into production costs, worker earnings, and labor market dynamics in a key sector of the Portuguese economy, which is crucial for assessing the country's industrial competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this data to monitor Portugal's manufacturing competitiveness and make informed decisions about economic and trade policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical figures as more information becomes available.
Related Trends
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DDDI02PTA156NWDB
Bank's Return on Assets for Portugal
DDEI05PTA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Portugal
PRTCPHPSE01IXOBM
Infra-Annual Labor Statistics: Employment Rate Female: 15 Years or over for Portugal
LREMTTFEPTA156S
Business Tendency Surveys: Demand Evolution: Economic Activity: Services: Tendency for Portugal
BVDETE02PTM460S
Infra-Annual Labor Statistics: Employees Total for Portugal
LFESEETTPTQ647S
Citation
U.S. Federal Reserve, Labor Compensation: Earnings: Manufacturing: Hourly for Portugal (LCEAMN01PTQ659S), retrieved from FRED.