Portugal Industry June 2017

Portugal

Portugal: Industrial production inches up in June

July 28, 2017

In June, industrial production rose 0.6% year-on-year, down from May’s 2.4% rise. June’s figure was underpinned by an expansion in the electricity, gas and water sector, while output in the manufacturing sector virtually stagnated and the mining sector contracted compared to the same period of the prior year.

On a seasonally adjusted month-on-month basis, in June industrial production rose 0.5%, up from May’s 0.4%. Annual average growth in industrial production was 1.5% in June, mirroring May’s figure.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 1.9% this year and 1.6% in 2018.


Author:, Economist

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Portugal Industry June 2017

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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