Industry in Portugal
Portugal - Industry
Contraction of industrial sector eases in December
Portugal’s industrial output fell for the eighth consecutive month in December, although the rate of contraction eased markedly. The industrial sector contracted 0.3% over the same month of the previous year in December, following a 3.1% year-on-year drop in November. Behind the improved print was an acceleration in the mining and quarrying sector and a reduced rate of decline in manufacturing output. An upturn in both countered the electricity, gas, steam and air conditioning sector’s swing to contraction in December, from expansion in November.
In seasonally-adjusted, month-on-month terms, industrial production rebounded in December, growing 1.1% over the previous month, contrasting a revised 2.9% month-on-month in November (previously reported: +2.4% month-on-month). Annual average growth in industrial output remained flat in December, matching November’s reading.
FocusEconomics Consensus Forecast panelists expect industrial production to grow 1.2% in 2019, which is down 0.7 percentage points from last month’s estimate. For 2020, the panel sees growth in industrial output inching down to 1.1%.
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||1.59||-1.90 %||Feb 14|
|Exchange Rate||1.13||0.65 %||Feb 14|
|Stock Market||5,087||-0.02 %||Feb 14|
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January 30, 2019
Portugal’s industrial output fell for the eighth consecutive month in December, although the rate of contraction eased markedly.
Portugal: Consumer confidence dives to nearly two-year low and economic sentiment dips again in January
January 30, 2019
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 30 January, consumer confidence continued to worsen in January, marking the fourth consecutive month of deterioration.
January 3, 2019
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 3 January, consumer confidence rose slightly in December but remained in pessimistic territory.
December 28, 2018
Portugal’s industrial output contracted for the seventh consecutive month in November, declining 2.9% over the same month of the previous year.
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).