Portugal: Growth in industrial production decelerates in January
March 2, 2017
In January, industrial production increased 2.7% annually, which was down from the revised 4.4% expansion in December (previously reported: +5.1% year-on-year). January’s slowdown was caused by weaker growth in manufacturing output and in the electricity, gas and water sector. The index was also dragged down by a drop in mining.
Annual average growth in industrial production increased from 1.0% in December to 1.2% in January.
On a seasonally-adjusted month-on-month basis, in January industrial production decreased 0.5%, which contrasted the 0.6% increase observed in December.