Portugal: Industrial production expands in July
August 29, 2014
In July, industrial production expanded 3.5% over the same month last year. The reading, which contrasted the flat growth recorded in June, was caused by an across-the-board improvement. Mining and quarrying, as well as electricity, gas and water rebounded strongly in July. In addition, growth in manufacturing accelerated in the same month.
Compared to the previous month, industrial output increased 0.8% in seasonally- and working-day adjusted terms, which contrasted the 0.4% fall tallied in June. Following the positive year-on-year reading, annual average growth in industrial output increased from 1.4% in June to 2.0% in July.