Portugal Industry May 2017

Portugal

Portugal: Industrial production rises in May on a yearly basis

July 4, 2017

In May, industrial production rose 2.4% year-on-year, contrasting April’s 1.2% fall. May’s figure was underpinned by expansions in the manufacturing and electricity, gas and water sectors, while the mining sector contracted compared to the same period of the prior year.

On a seasonally adjusted month-on-month basis, in May industrial production rose 0.4%, up from April’s 0.2%. Annual average growth in industrial production was 1.5% in May, up from April’s 1.2%.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 1.7% this year and 1.6% in 2018.


Author:, Economist

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Portugal Industry May 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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