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 rebounds in March
April 30, 2021
Industrial output increased 5.0% year-on-year in seasonally-adjusted terms in March, which contrasted February's 2.8% decrease.
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Portugal: Economy records sharpest contraction since Q2 2020 in Q1
April 30, 2021
According to a preliminary reading, GDP dropped 3.3% on a seasonally-adjusted quarter-on-quarter basis in the first quarter, contrasting the 0.2% expansion seen in the fourth quarter of last year and marking the sharpest downturn since Q2 2020.
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Portugal: Consumer and business sentiment improve in April
April 29, 2021
Consumer sentiment shot up to minus 17.1 in April, above March’s minus 20.2 and logging the best reading in over a year.
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Portugal: Consumers turn less pessimistic in March; business sentiment deteriorates further
March 30, 2021
Consumer sentiment fell to minus 20.2 in March, notably below February’s minus 25.8 and logging the best reading in a year.
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Portugal: Decline in industrial activity softens in February
March 30, 2021
Industrial output dropped a seasonally-adjusted 2.4% compared to the same month a year earlier in February, moderating from January’s 6.2% plunge.
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