Lisbon, Portugal street

Portugal Industrial production July 2023

Portugal: Decline in industrial output softens in July

Industrial production dropped 3.2% year on year in seasonally-adjusted terms in July (June: -3.6% s.a. yoy). The figure marked the best reading since February. Looking at the details of the release, electricity, gas, steam and air conditioning supply output increased at a stronger pace, while manufacturing production fell at a sharper rate in July.

On a seasonally adjusted monthly basis, industrial output rebounded, rising 0.2% in July (June: -0.4% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at a one-year low of minus 1.0%, down from June’s minus 0.7% reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest