Consumer Price Index: Communication (COICOP 08): Total for Portugal
Quarterly
PRTCP080000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.05
Year-over-Year Change
7.21%
Date Range
1/1/1960 - 10/1/2023
Summary
The Quarterly Productivity Trend measures changes in labor productivity, a key indicator of economic efficiency and growth. It is closely watched by policymakers, economists, and businesses to assess the health of the U.S. 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 Quarterly Productivity Trend tracks the output per hour worked in the nonfarm business sector, providing insights into how efficiently the economy is utilizing its labor resources. This metric helps inform economic forecasting, monetary policy decisions, and assessments of a country's long-term growth potential.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
Historical Context
Quarterly productivity data is a crucial input for Federal Reserve and congressional policy deliberations.
Key Facts
- Productivity growth is a key driver of long-term economic prosperity.
- The U.S. has experienced a slowdown in productivity growth since the early 2000s.
- Improving productivity is a major policy goal to boost living standards.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Productivity Trend measures changes in labor productivity, which is the output produced per hour worked in the nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a critical driver of economic expansion and rising living standards. This metric helps policymakers, businesses, and economists assess the efficiency and competitiveness of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of businesses and households.
Q: How is this trend used in economic policy?
A: Quarterly productivity data is a key input for Federal Reserve and congressional policy deliberations, as it informs assessments of the economy's growth potential and guides decisions on interest rates and fiscal measures.
Q: Are there update delays or limitations?
A: The Quarterly Productivity Trend is released with a lag of approximately one month, and the data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Productivity (PRTCP080000IXNBQ), retrieved from FRED.