Industry in Portugal
Portugal - Industry
Industrial sector contracts at same pace in October as the previous month
Portugal’s industrial sector contracted for the sixth consecutive month in October, with output declining 0.3% year-on-year, matching revised September’s reading (previously reported: -0.1% year-on-year). A contraction in manufacturing output and a moderation in the growth of the mining and quarrying sector offset a rebound in the supply of electricity, gas, steam and air conditioning.
In seasonally-adjusted, month-on-month terms, the contraction of the industrial sector was more tepid. In October, industrial output fell 0.9% over the previous month, after declining a revised 2.6% month-on-month in September (previously reported: +2.8% month-on-month). Annual average growth in industrial production dropped to 0.5% in October, down from 0.9% in September.
FocusEconomics Consensus Forecast panelists expect industrial production to grow 1.9% in 2019, which is down 0.2 percentage points from last month’s estimate. For 2020, the panel sees growth in industrial output declining to 1.2%.
Portugal - Industry Data
|Industrial Production (annual variation in %)||0.5||1.4||2.1||2.3||3.9|
5 years of economic forecasts for more than 30 economic indicators.
Portugal Industry Chart
Source: Statistics Portugal (INE).
|Bond Yield||1.83||-1.90 %||Nov 29|
|Exchange Rate||1.14||0.65 %||Nov 29|
|Stock Market||4,905||-0.02 %||Nov 29|
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November 30, 2018
Portugal’s industrial sector contracted for the sixth consecutive month in October, with output declining 0.3% year-on-year, matching revised September’s reading (previously reported: -0.1% year-on-year).
November 29, 2018
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 29 November, consumer confidence deteriorated markedly in November, tumbling to minus 3.4 points from minus 0.4 points in October.
November 14, 2018
According to a flash GDP estimate released by the National Statistical Institute (INE) on 14 November, the economy lost pace in the third quarter, with economic growth in quarter-on-quarter, seasonally-adjusted terms weakening to 0.3% from an 0.6% expansion in the second quarter.
October 30, 2018
The performance of the industrial sector improved year-on-year in September, following a notable contraction in August.
October 30, 2018
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 30 October, consumer confidence improved in October from the previous three months but remained in negative territory.