Industry in Portugal

Portugal Industry | Economic News & Forecasts

Portugal - Industry

Contraction of industrial activity eases in July

The industrial sector showed improvement in July, with the rate of contraction easing from a revised 5.5% in June (previously reported: -5.8% year-on-year) to 3.5%. July’s print reflected softer declines in both the manufacturing sector and the supply of electricity, gas, steam and air conditioning. Data on the mining and quarrying has not yet been made available.

In seasonally-adjusted, month-on-month terms, industrial production rose 3.5% in July, rebounding from a revised 4.7% drop in June (previously reported: -4.5% month-on-month). Lastly, the annual average variation in industrial output edged down to minus 2.4% from minus 2.2% in June.

FocusEconomics Consensus Forecast panelists expect industrial production to decline 2.4% in 2019, which is down 0.8 percentage points from last month’s estimate. They see the industrial sector returning to growth in 2020, with output expanding 1.8% in the year.

Portugal - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.5  1.4  2.1  2.3  3.9  

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Portugal Industry Chart

Portugal Industry
Note: Annual variation of industrial production in %.
Source: Statistics Portugal (INE).

Portugal Facts

Bond Yield0.17-1.90 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market4,931-0.02 %Sep 04

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