Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Portugal
PRTPERMITAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
367.65
Year-over-Year Change
79.85%
Date Range
1/1/1994 - 1/1/2023
Summary
The 'Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Portugal' series measures the number of permits issued for new residential construction in Portugal. This metric is a leading indicator of housing and economic activity.
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 tracks the number of permits issued for the construction of new residential buildings in Portugal. It serves as an important gauge of upcoming housing supply and broader economic conditions, as increased permit issuance typically precedes new construction and investment.
Methodology
The data is collected by the Portuguese statistical agency from administrative building permit records.
Historical Context
Policymakers and analysts use this metric to assess the health of the Portuguese housing market and broader economic trends.
Key Facts
- Permit issuance is a leading indicator of future housing construction.
- Portugal's construction sector accounts for around 6% of GDP.
- Building permits data is collected monthly by the Portuguese statistical agency.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of permits issued for new residential building construction in Portugal. It serves as a leading indicator of future housing supply and broader economic activity.
Q: Why is this trend relevant for users or analysts?
A: Permit issuance data is closely watched by policymakers, investors, and economists as it provides insight into the health of the housing market and overall economic conditions in Portugal.
Q: How is this data collected or calculated?
A: The data is collected monthly by the Portuguese statistical agency from administrative building permit records.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the state of the Portuguese housing market and broader economic activity, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short lag, providing timely insight into construction activity in Portugal.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Portugal (PRTPERMITAISMEI), retrieved from FRED.