Portugal: Industrial output dips in April
June 3, 2022
Industrial output dropped 1.8% year-on-year in seasonally-adjusted terms in April, which contrasted March's 0.7% increase. Looking at the details of the release, manufacturing output contracted in April, and the contraction in electricity, gas, steam and air conditioning supply output worsened.
On a monthly basis, factory output fell 2.0% in seasonally-adjusted terms in April, contrasting March’s 4.6% expansion. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 0.1%, down from March's 2.7%.