Industry in Portugal
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 |
Portugal Industry Chart
Source: Statistics Portugal (INE).
Portugal Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.17 | -1.90 % | Sep 04 |
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 4,931 | -0.02 % | Sep 04 |
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Economic News
Portugal: Contraction of industrial activity eases in July
August 30, 2019
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%.
Portugal: Economy maintains stride in the second quarter
August 30, 2019
Detailed national accounts released on 30 August confirmed that the economy grew 0.5% in quarter-on-quarter, seasonally-adjusted terms in Q2 (Q1: +0.5% quarter-on-quarter).
Portugal: Consumer confidence dives in August, while the economic climate indicator stabilizes
August 29, 2019
Consumers turned more downbeat in August, with the consumer confidence index tumbling to minus 7.8 points from a nine-month high of minus 6.4 points in July.
Portugal: Economy maintains firm pace of expansion in Q2
August 14, 2019
According to preliminary estimates released by the Statistical Institute (INE) on 14 August, the economy grew 0.5% in quarter-on-quarter, seasonally-adjusted terms in Q2, matching the previous quarter’s print.
Portugal: Consumers turn less pessimistic in July, while economic climate indicator inches down
July 30, 2019
Consumers were less downbeat in July compared to June, with the consumer confidence index climbing to minus 6.4 points from minus 8.4 points in June, marking the best reading since October 2018.
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