Portugal: Industrial output rebounds in November
December 30, 2021
Industrial output increased 0.2% year-on-year in seasonally-adjusted terms in November (October: -6.3% s.a. yoy). The reading reflected a broad-based upturn, with activity in the manufacturing, electricity, gas, steam and air conditioning supply and extractive industries sub-sectors all improving in November.
On a monthly basis, factory output rose 1.2% in seasonally-adjusted terms in November, which was above October’s 0.4% expansion. Meanwhile, annual average industrial production growth rose to 2.4% in November (October: +2.1%), signaling an improving trend in the industrial sector.