Lisbon, Portugal street

Portugal Industry September 2019

Portugal: Industrial sector contracts sharply again in September

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.

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