Portugal Industry


Portugal: Industrial production decelerates in August

September 30, 2015

In August, industrial production increased 1.8% over the same month last year, which was below the 3.1% rise recorded in July and marked a four-month low. According to Statistics Portugal (INE), August’s deceleration in industrial output was the result of a contraction in manufacturing as well as a slowdown in electricity, gas and steam, which more than offset an improvement in mining.

Compared to the previous month, industrial output fell a seasonally-adjusted 2.2% in August. The result contrasted the 1.5% increase tallied in July. Annual average growth in industrial production remained stable in August at July’s 0.8%.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 1.9% this year, which is down 0.5 percentage points from last month’s forecast. For 2016, panel participants expect industrial output to expand 2.5%.

Author:, Economist

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Portugal Industry Chart

Portugal Industry August 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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