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
|Industrial Production (annual variation in %)||1.4||2.1||2.3||3.9||0.1|
5 years of economic forecasts for more than 30 economic indicators.
Portugal Industry Chart
Source: Statistics Portugal (INE).
|Bond Yield||0.45||-1.90 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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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%).
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.
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.
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.
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).