Portugal Industry March 2017


Portugal: Growth in industrial production remains solid in March

April 28, 2017

In March, Portuguese industrial production increased 1.9% year-on-year, down marginally from February’s revised 2.0% increase (previously reported: +2.1% yoy). March’s minor dip was caused by a slowdown in the electricity, gas and water sector, while the manufacturing sector picked up the pace from February.

On a seasonally adjusted month-on-month basis, in March industrial production decreased 0.6%, up from the 0.9% decline observed in February. Annual average growth in industrial production was 1.4% in March, up from 1.2% in February.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 1.9% this year, which is up 0.1 percentage points from last month’s forecast. For 2018, panel participants expect industrial output to expand 1.7%.

Author:, Economist

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Portugal Industry Chart

Portugal Industry March 2017 0

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Portugal (INE) and FocusEconomics calculations.

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