Industry in Portugal
Portugal - Industry
Industrial production shoots higher in December
Industrial production jumped 3.3% higher in December over the same month of the previous year, following a revised 0.4% rise in November (previously reported: +0.2% year-on-year) and marking the strongest expansion in two years. The reading was primarily driven by a surge in output in the supply of electricity, gas, steam and air conditioning, as well as a rebound in the manufacturing sector which returned to growth after four months of contraction.
In seasonally-adjusted month-on-month terms, industrial production rose 2.8% in December, contrasting November’s 0.6% decline. Lastly, the annual average variation in industrial output fell 2.4% in December, improving marginally from the 2.8% drop recorded in the previous month.
FocusEconomics Consensus Forecast panelists project industrial production to rise 1.5% in 2020, which is up 0.2 percentage points from last month’s estimate, with output expanding 1.4% in 2021.
Portugal - Industry Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 1.4 | 2.1 | 2.3 | 3.9 | 0.1 |
Portugal Industry Chart
Source: Statistics Portugal (INE).
Portugal Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.45 | -1.90 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Portugal: Economic growth picks up in Q4, powered by a stronger external sector
February 14, 2020
According to preliminary estimates released by the country’s Statistical Institute (INE) on 14 February, GDP grew 0.6% in quarter-on-quarter, seasonally-adjusted terms in the fourth quarter, up slightly from the third quarter’s revised 0.4% expansion (previously reported: +0.3%).
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Portugal: Consumer and business confidence broadly stable in January
January 31, 2020
Consumer sentiment weakened further in January, with the consumer confidence index inching down to minus 8.4 points from minus 8.3 points in December.
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Portugal: Industrial production shoots higher in December
January 30, 2020
Industrial production jumped 3.3% higher in December over the same month of the previous year, following a revised 0.4% rise in November (previously reported: +0.2% year-on-year) and marking the strongest expansion in two years.
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Portugal: Consumer confidence drops in December, with business sentiment tepid
January 2, 2020
Consumer sentiment slumped in December, with the consumer confidence index slipping to minus 8.3 points from minus 6.9 points in November.
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Portugal: Industrial production rebounds mildly in November
December 30, 2019
Industrial production inched up 0.2% in November over the same month of the previous year, following a revised 2.3% year-on-year drop in October (previously reported: -2.4% year-on-year).
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