Industry in Portugal

Portugal Industry | Economic News & Forecasts

Portugal - Industry

Industrial outputs plunges at sharpest rate in almost eight years in March

Industrial production dived 7.2% in March over the same month of the previous year, contrasting the revised 0.9% rise in February (previously reported: +1.0% year-on-year) and marking the sharpest contraction in output since April 2012. The downturn was primarily driven by a steeper fall in the manufacturing sector, while mining activity also contracted in the month.

In seasonally-adjusted month-on-month terms, industrial production plummeted 8.3% in March, following February’s 2.9% downturn, and marking the worst result since records began in 2010. Lastly, the annual average variation in industrial output fell 1.8% in March, unchanged from the previous month.

FocusEconomics Consensus Forecast panelists project industrial production to contract 6.0% in 2020, which is down 7.6 percentage points from last month’s estimate, with output expanding 3.1% in 2021.

Portugal - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)2.1  2.3  3.9  0.1  -2.3  

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Portugal Industry Chart

Portugal Industry
Note: Annual variation of industrial production in %.
Source: Statistics Portugal (INE).

Portugal Facts

Value Change Date
Bond Yield0.45-1.90 %Jan 01
Exchange Rate1.120.65 %Dec 31

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