Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Portugal
PRTODCNPI03GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.89
Year-over-Year Change
136.70%
Date Range
2/1/1994 - 4/1/2025
Summary
This economic trend tracks the number of construction permits issued for dwellings and residential buildings in Portugal. It provides insight into the health and outlook of the Portuguese construction industry.
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 Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Portugal metric measures the volume of new construction projects authorized through the issuance of permits. This leading indicator helps economists and policymakers assess the momentum and direction of the residential construction sector.
Methodology
The data is collected by the national statistical agency based on reports of new construction permits granted.
Historical Context
This trend is closely watched by investors, developers, and government agencies to gauge the pace of housing and infrastructure development.
Key Facts
- Construction permits are a leading indicator of economic activity.
- Portugal saw a 12% year-over-year increase in construction permits in 2022.
- The construction sector accounts for 6% of Portugal's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of new construction permits issued for dwellings and residential buildings in Portugal.
Q: Why is this trend relevant for users or analysts?
A: The construction permits metric provides insight into the health and outlook of the Portuguese housing and real estate sectors, which are key drivers of economic growth.
Q: How is this data collected or calculated?
A: The data is collected by Portugal's national statistical agency based on reports of new construction permits granted.
Q: How is this trend used in economic policy?
A: Government agencies and policymakers closely monitor construction permit data to assess the pace of housing and infrastructure development, which informs decisions on economic stimulus, urban planning, and housing policy.
Q: Are there update delays or limitations?
A: The construction permits data is released monthly with a lag of approximately 4-6 weeks, so it may not reflect the most up-to-date market conditions.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Portugal (PRTODCNPI03GPSAM), retrieved from FRED.