Portugal: Industrial production slows in October
November 28, 2014
In October, industrial production rose 0.2% over the same month last year, which contrasted September’s 2.1% contraction. According to Statistics Portugal (INE), manufacturing improved from a 2.9% fall in September to a 0.3% drop in October. In addition, electricity, gas and water grew 7.2%, which was above September’s 5.2% increase.
Compared to the previous month, industrial output in October rose 1.6% in seasonally- and working-day adjusted terms, which contrasted from September’s 3.0% contraction. However, annual average growth worsened, falling to a 1.9% expansion from September’s 2.2% increase.