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%.
Author: Oliver Reynolds, Economist