Industry in Portugal

Portugal Industry | Economic News & Forecasts

Portugal - Industry

Contraction of industrial sector eases in February

Portugal’s industrial sector contracted for the fourth consecutive month in March amid a wider global slowdown, although the rate of decline eased somewhat from February. Industrial production fell 2.5% over the same month of the previous year in February, down from a revised 3.3% drop in January (previously reported: -3.0% year-on-year). The improvement was underpinned by a rebound in manufacturing output, although the upturn was mild. On the flip side, the mining and quarrying sector continued to slow, while the supply of electricity, gas, steam and air conditioning contracted at a markedly sharper rate.

In seasonally-adjusted, month-on-month terms, industrial production declined 1.5% in February, contrasting a revised 1.2% rise in January (previously reported: +0.8% month-on-month). Meanwhile, annual average growth in industrial output fell to minus 1.0% in February, from minus 0.6% in January.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 0.2% in 2019, which is down 0.8 percentage points from last month’s estimate. For 2020, the panel sees industrial production growth accelerating to 1.5%.

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 Yield1.18-1.90 %Apr 12
Exchange Rate1.130.65 %Apr 12
Stock Market5,380-0.02 %Apr 12

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