Portugal Industry

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Portugal: Industrial production decelerates in July

August 28, 2015

In July, industrial production increased 1.4% over the same month last year, which was significantly below the 3.1% rise recorded in June and marked a three-month low. According to Statistics Portugal (INE), July’s deceleration in industrial output was the result of a contraction in the manufacturing sector, which more than offset improvements in mining as well as electricity, gas and water sectors.

Compared to the previous month, industrial output fell a seasonally-adjusted 0.1% in July. The result followed the 0.9% decrease tallied in June. Annual average growth in industrial production deteriorated in July, falling from 0.9% in June to 0.6% in July.

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 July 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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