Industry in Portugal
Portugal - Industry
Contraction of industrial sector eases in February
Portugal’s industrial sector contracted for the fourth consecutive month in March amid a wider global slowdown, although the rate of decline eased somewhat from February. Industrial production fell 2.5% over the same month of the previous year in February, down from a revised 3.3% drop in January (previously reported: -3.0% year-on-year). The improvement was underpinned by a rebound in manufacturing output, although the upturn was mild. On the flip side, the mining and quarrying sector continued to slow, while the supply of electricity, gas, steam and air conditioning contracted at a markedly sharper rate.
In seasonally-adjusted, month-on-month terms, industrial production declined 1.5% in February, contrasting a revised 1.2% rise in January (previously reported: +0.8% month-on-month). Meanwhile, annual average growth in industrial output fell to minus 1.0% in February, from minus 0.6% in January.
FocusEconomics Consensus Forecast panelists expect industrial output to expand 0.2% in 2019, which is down 0.8 percentage points from last month’s estimate. For 2020, the panel sees industrial production growth accelerating to 1.5%.
Portugal - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 0.5 | 1.4 | 2.1 | 2.3 | 3.9 |
Portugal Industry Chart
Source: Statistics Portugal (INE).
Portugal Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.18 | -1.90 % | Apr 12 |
| Exchange Rate | 1.13 | 0.65 % | Apr 12 |
| Stock Market | 5,380 | -0.02 % | Apr 12 |
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Economic News
Portugal: Contraction of industrial sector eases in February
March 29, 2019
Portugal’s industrial sector contracted for the fourth consecutive month in March amid a wider global slowdown, although the rate of decline eased somewhat from February.
Portugal: Consumer confidence continues to plunge, while economic sentiment inches up in March
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Portugal: Industrial sector contracts at sharper pace in January
March 1, 2019
Portugal’s industrial sector contracted at a sharper pace in January amid a broad-based slowdown in the Eurozone, marking the third consecutive month of decline.
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February 28, 2019
Detailed national accounts data, released by the Statistical Institute on 28 February, confirmed that the economy picked up slightly in the final quarter of 2018.
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February 27, 2019
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 27 February, consumer confidence deteriorated for the fifth consecutive month in February.
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