Portugal: Growth in industrial production decelerates in February
March 30, 2017
In February, industrial production increased 2.1% annually, which was down from the revised 3.4% expansion in January (previously reported: +2.7% year-on-year). February’s slowdown was caused by contraction in the mining and electricity, gas and water sectors, while the manufacturing sector grew in February compared to the prior month.
On a seasonally adjusted month-on-month basis, in February industrial production decreased 0.7%, which contrasted the 0.4% rise recorded in January. Annual average growth in industrial production was 1.2% in February, mirroring January’s figure.
Author: Oliver Reynolds, Economist