Industry in Portugal

Portugal Industry | Economic News & Forecasts

Portugal - Industry

Industrial production contracts for the fourth consecutive month in August

Industrial production dipped 2.9% over the same month of last year in August, following a revised 1.3% year-on-year decline in July (previously reported: -1.7% year-on-year). The sharper drop was broad-based across sectors: Manufacturing output fell for the fourth consecutive month; the electricity, gas, steam and air conditioning supply sector contracted again; and production in mining and quarrying declined after four successive months of expansion.

In seasonally-adjusted, month-on-month terms, industrial production increased 2.7% in July following a revised 1.1% rise in July (previously reported: +0.7% month-on-month). Annual average growth in industrial production dropped to a near three-year low of 1.3% in August from 2.3% in July.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 1.6% in 2018, which is down 0.3 percentage points from last month’s estimate. For 2019, the panel sees it rising 2.2%, unchanged from last month’s estimate.

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 Yield2.04-1.90 %Oct 18
Exchange Rate1.150.65 %Oct 18
Stock Market5,060-0.02 %Oct 18

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