Portugal Industry

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Portugal: Industrial production decelerates in June

July 30, 2015

In June, industrial production increased 2.7% over the same month last year, which was below the 3.5% reading recorded in May. According to Statistics Portugal (INE), June’s deceleration in industrial output was the result of a softer growth in all sectors, with mining as well as electricity, gas and water sectors recording the most notable slowdowns.

Compared to the previous month, industrial output fell a seasonally-adjusted 1.3% in June. The result contrasted the 1.7% increase tallied in May and marked a six-month low. However, annual average growth in industrial production improved in June, inching up from 0.7% in May to 0.9% in June.

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 June 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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