Industry in Portugal
Portugal - Industry
Industrial outputs plunges at sharpest rate in almost eight years in March
Industrial production dived 7.2% in March over the same month of the previous year, contrasting the revised 0.9% rise in February (previously reported: +1.0% year-on-year) and marking the sharpest contraction in output since April 2012. The downturn was primarily driven by a steeper fall in the manufacturing sector, while mining activity also contracted in the month.
In seasonally-adjusted month-on-month terms, industrial production plummeted 8.3% in March, following February’s 2.9% downturn, and marking the worst result since records began in 2010. Lastly, the annual average variation in industrial output fell 1.8% in March, unchanged from the previous month.
FocusEconomics Consensus Forecast panelists project industrial production to contract 6.0% in 2020, which is down 7.6 percentage points from last month’s estimate, with output expanding 3.1% in 2021.
Portugal - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 2.1 | 2.3 | 3.9 | 0.1 | -2.3 |
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: Industrial output collapses again in May
June 30, 2020
Industrial output collapsed 26.0% year-on-year in May, which followed the record-breaking 27.4% plunge in April.
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Portugal: Consumer and business sentiment gain traction in June but remain deep in pessimistic territory
June 29, 2020
Consumer sentiment rose again from minus 32.1 in May to minus 25.7 in June on the back of continued easing of Covid-19-related restrictions.
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Portugal: Deterioration in manufacturing conditions eases but remains severe in May
June 1, 2020
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) bounced back from April’s record-low of 31.9 to 40.6 in May, but was still weighed on by protracted lockdown measures.
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Portugal: Industrial output falls at unparalleled pace in April on Covid-19 blow
June 1, 2020
Industrial production collapsed an unprecedented 25.9% year-on-year in April (March: -6.8% year-on-year) due to activity restrictions amid the measures enacted to contain Covid-19’s spread.
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Portugal: GDP records largest drop on record in Q1 on Covid-19 impact
May 29, 2020
GDP plunged 3.8% in seasonally-adjusted, quarter-on-quarter terms in Q1 2020 (Q4 2019: +0.7% s.a.
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