Industrial production plunged in September to a seasonally and calendar-day adjusted 4.8% over the previous month, which contrasted the 3.9% expansion recorded in August. The monthly contraction was the result of a slump in durable consumer goods production (-11.9% month-on-month) and capital goods manufacturing, which dropped 13.1% over the previous month. On an annual basis, industrial output returned to negative territory in September, falling 2.4% after having recorded flat growth in August. Nevertheless, the trend continues to point upwards, with annual average variation improving from no variation in August to 0.3% in September. Consensus Forecast panellists see industrial production expanding 1.4% this year, which is unchanged from last month's forecast. For 2011, the panel anticipates industrial output to expand 1.1%. Moreover, Consensus Forecast panellists see the overall economy adding 1.4% this year, which is up 0.1 percentage points from last month's forecast. For 2011, the panel anticipates GDP remain flat over the previous year, which is up 0.1 percentage points over last month's estimate.
Industrial production returns to negative territory in September
October 29, 2010
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Portugal Economic News
September 30, 2016
Portugal’s industrial production edged up in August after July’s drop.
September 29, 2016
The survey of consumer sentiment produced by the National Statistical Institute showed that the consumer confidence index inched up from minus 12.7 points in August to minus 11.3 points in September.
August 31, 2016
Portugal’s GDP increased a seasonally adjusted 0.3% in Q2 over the previous quarter, according to revised data published by the National Statistics Institute on 31 August.
August 30, 2016
The survey of consumer sentiment produced by the National Statistical Institute showed that the consumer confidence index inched up from minus 13.1 points in July to minus 12.7 points in August.
August 30, 2016
Portugal’s industrial production edged down again in July after June’s rebound.