Portugal: Industrial sector contracts sharply again in September
October 30, 2019
Industrial production continued to fall in annual terms in September and at largely the same rate as the previous month (September: -5.2% year-on-year; August: -5.3% yoy). The drop in the supply of electricity, gas, steam and air conditioning eased somewhat, but was offset by a swing to contraction in mining and quarrying, and a sharper decline in manufacturing output.
In seasonally-adjusted, month-on-month terms, industrial production fell 2.3% in September, matching August’s contraction. Lastly, the annual average variation in industrial output fell to minus 2.8% in September from minus 2.4% in August.