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Portugal Industrial production June 2022

Portugal: Industrial output growth accelerates in June

Industrial output rose 3.7% year-on-year in seasonally-adjusted terms in June, which followed May’s 3.0% increase. Looking at the details of the release, manufacturing output expanded at a faster pace in June. However, the contraction in electricity, gas, steam and air conditioning supply output sharpened.

On a monthly basis, factory output fell 1.6% in seasonally-adjusted terms in June, following May’s 0.5% contraction. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at minus 1.7%, down from May’s minus 0.5%.

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