Portugal Industry

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Portugal: Industrial production accelerates in October

November 30, 2015

In October, industrial production increased 4.2% over the same month last year, which was above the 3.6% rise recorded in September and marked the highest value since July 2014. According to Statistics Portugal (INE), October’s acceleration in industrial output was the result of a strong improvement in electricity, gas and steam, which more than offset deteriorations in both mining and manufacturing.

Compared to the previous month, industrial output rose a seasonally-adjusted 2.8% in October, which contrasted September’s 0.1% decrease and marked the highest reading in a year and a half. Annual average growth in industrial production increased from September’s 1.2% to 1.4% in October.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 2.1% this year, which is up 0.5 percentage points from last month’s forecast. For 2016, panel participants expect industrial output to expand 2.5%, which is up 0.1 percentage points from last month’s estimate.


Author:, Economist

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Portugal Industry October 2015

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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