Portugal Industry January 2016


Portugal: Industrial production decelerates in January

February 29, 2016

In January, industrial production grew 0.7% over the same month last year, which was below the 1.2% rise recorded in December and marked a five-month low. According to Statistics Portugal (INE), January’s deceleration was the result of a deterioration in manufacturing, which more than offset improvements in mining and electricity, gas and water.

Compared to the previous month, industrial output rose a seasonally-adjusted 0.8% in January, which contrasted December’s 1.5% decrease. Meanwhile, annual average growth in industrial production inched up from December’s 1.8% to 2.0% in January, which marked the strongest reading in over a year.

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 2017, panel participants expect industrial output to expand 2.5%.

Author:, Economist

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Portugal Industry Chart

Portugal Industry January 2016

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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