Portugal: Industrial production rebounds to strong expansion in April
May 30, 2014
In April, industrial production expanded 4.1% over the same month last year. The reading, which contrasted the -0.5% drop seen in March, was mainly driven by a rebound in manufacturing output, which tallied the strongest expansion since April 2011. Mining and quarrying also expanded in April, whereas, despite tallying a notable deceleration, electricity, gas and water remained in positive figures.
Compared to the previous month, industrial output surged 5.4% in seasonally- and working-day adjusted terms, which contrasted the 3.2% decline tallied in March. As a result of the strong year-on-year expansion, annual average growth in industrial output edged up from 1.5% in March to 1.6% in April.