Portugal: Industrial production rebounds in August
Latest reading: Industrial production rose 1.6% in calendar and seasonally adjusted month-on-month terms in August, following a 0.6% decline in the previous month.
Relative to the prior month’s data, readings in August improved for manufacturing (+1.7% in calendar and seasonally adjusted month-on-month terms vs -1.4% in July) and electricity, gas, steam and air conditioning supply (+4.0% vs +1.1% in July). In contrast, the reading for mining and quarrying worsened in August (-15.7% vs +17.6% in July).
On an annual basis, industrial production was up 3.1% in August, following a 2.4% rise in the prior month.