Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal
PRTHOUREAAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.27
Year-over-Year Change
42.69%
Date Range
1/1/2000 - 1/1/2023
Summary
The 'Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal' trend measures the average hourly earnings in the manufacturing sector of the Portuguese economy. This metric is a key indicator of labor costs and productivity.
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 series represents the average hourly earnings of employees in the manufacturing industry in Portugal. It provides valuable insights into labor market dynamics and production costs, which are crucial for economic policymakers and businesses to monitor.
Methodology
The data is collected through employer surveys by the Portuguese statistical agency.
Historical Context
Hourly earnings data is used to analyze labor market conditions, inform wage negotiations, and assess the competitiveness of the Portuguese manufacturing sector.
Key Facts
- Portugal's manufacturing hourly earnings reached a record high in 2022.
- The manufacturing sector accounts for over 20% of Portugal's GDP.
- Hourly earnings data is used to monitor inflation and labor productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wages paid to employees in the manufacturing sector of the Portuguese economy.
Q: Why is this trend relevant for users or analysts?
A: Hourly earnings data is a key indicator of labor costs and productivity, which are crucial for understanding the competitiveness and economic health of the Portuguese manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the Portuguese statistical agency.
Q: How is this trend used in economic policy?
A: Hourly earnings data is used by policymakers, businesses, and economists to analyze labor market conditions, inform wage negotiations, and assess the competitiveness of the Portuguese manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Portugal (PRTHOUREAAISMEI), retrieved from FRED.