Portugal - Wage & Salaries

For Portugal, the short-term indicators comprise indexes of turnover, employment and working hours. Monthly from 2002.

index of turnover in industry shows the progression of the market of goods and services in a given industry and its disaggregation between domestic and foreign markets. The source utilizes the monthly survey on business volume and employment in industry to calculate the index.

Active:

• Classification:
  • Taxonomy: CAE Rev. 3, the adaptation of NACE Rev. 2
  • Scope: Sections B to E
  • Aggregation: MIG
• Measurement: Fixed-base index relative to 2021 (Index 2021=100)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Monthly
• Start date: 2015

Predecessors:

• 2015=100 - 2015m1 to 2023m12 ("_15")
• 2010=100 - 2010m1 to 2017m6 ("_10")
• 2005=100 - 2005m1 to 2013m8 ("_05")
• 2000=100 and CAE Rev. 2 - 2002m1 to 2008m12 ("00")

The source writes:

Target population - Companies based on the national territory with their main activity falling within the industrial, construction and public works, retail, and services economic activity sectors.  

Definitions

Main activity - The most important economic activity that the company carries out. 

Employment - all persons, employed or self-employed, engaged in a productive activity covered by the definition of production given by the system

Company - Legal entity that is one unit organization of production of goods and / or services, with autonomy in relation to the allocation of its current resources. A company may carry out one or more activities in one or more locations.

Hours Effectively worked - Total number of hours actually devoted to work by the staff including overtime, time spent in the workplace preparing/maintaining tools, dead but paid work due shutdown of machinery/accidents and short breaks for coffee. It excludes absence from work. 

Paid Staff - persons performing an activity in the enterprise under an written or not written employment contract, entitling them to regular payment. This exludes workers working through one company but are being paid by another company due to a working relationship between the two companies. 

Finished Products - products ready for sale or shipping.

Products and Works ongoing - Partially finished goods and services that are subject to further transformation, or which are not ready, where the process must continue through the same producer.

Turnover - Net sales and services rendered in connection with normal activities of the entities. 

The source revises data for the previous two months everytime data is updated incorporating new information, or substituting provisional values with definitive values. The source also reviews the previous years data with the March monthly update. Other revisions may occur at any time due to any serious errors that are discovered.  

The index base year is advanced every fifth year.

Further reading

At the source:

• 136 - Índices de Volume de Negócios e Emprego (Base 2010=100)

At Eurostat:

• Short-term business statistics » Overview
• Glossary » Main industrial grouping (MIG)

• Sep 2005 - Initial version.
• Jul 2009 - Reclassified to CAE Rev. 3.
• Nov 2013 - Rebased to 2010.
• Mar 2018 - Rebased to 2015.
• 30 Oct 2024, Phillip Thorne - Rebased to 2021: Properties, Further reading.