Introducing quarterly databases to assess industry-level developments in Portugal and the euro area

Sonia Cabral, Cláudia Duarte and José Maria

Working Papers from Banco de Portugal, Economics and Research Department

Abstract: High-quality economic analysis requires high-quality data. We construct quarterly industrylevel databases for Portugal and the euro area with a rich and homogeneous breakdown since 1995. The data facilitate international comparisons based on value added, wages, producer prices, hours worked and capital, disaggregated by industries, viz. construction, wholesale and retail trade or human health and social work activities. As an illustration we compare Portugal and the euro area in manufacturing and accommodation and food service activities over 1995Q1-2022Q4. We show that Portuguese value added and real producer wages, per hour, are consistently below those of the euro area in both industries. Capital per hour in manufacturing is systematically lower in Portugal, but not in accommodation and food service activities since the late 2000s. In both economies, manufacturing witnessed an upward trend in value added, real wages and capital stock, all per hour. In contrast, accommodation and food service activities recorded a downward trend in value added per hour and real hourly wages.

JEL-codes: C82 E01 E22 E23 E24 E31 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-eec, nep-eur and nep-opm
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Persistent link: https://EconPapers.repec.org/RePEc:ptu:wpaper:o202302

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