In August, industrial production contracted 2.2% over the same month last year, which is down from the 0.3% drop observed in July. The monthly drop was driven by declines in manufacturing output as well as in electricity, gas and water supply. Mining, on the other hand, expanded strongly over the same month last year. On a monthly basis, however, industrial production expanded a strong 6.7% in seasonally and working-day adjusted terms, which was well above the 1.2% expansion recorded in July. The trend continues to point downwards, with the annual average variation in industrial production edging down from minus 4.2% in July to minus 4.4%.
Industrial output drops
September 28, 2012
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Portugal Industry Chart
Note: Month-on-month seasonally adjusted and year-on-year variation in %.
Source: Statistics Portugal (INE) and FocusEconomics calculations.
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
Portugal’s industrial production edged down again in July after June’s rebound.
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.