Industry in Portugal
Portugal - Industry
Industrial production contracts in May
Industrial production contracted 2.7% year-on-year in May, contrasting a revised 4.3% expansion in April (previously reported: +3.8% year-on-year). Looking at a breakdown of the data, all the reported sectors lost traction. While the mining and quarrying sector grew again at a double-digit pace, it lost considerable steam from the previous month. Both the manufacturing and electricity, gas, steam and air conditioning sectors swung into negative territory.
In seasonally-adjusted, month-on-month terms, industrial production contracted 1.9% in May, following a 3.1% drop in April. Annual average growth in industrial production fell to 3.3% in May, down from 4.1% in April.
FocusEconomics Consensus Forecast panelists expect industrial production to increase 1.9% in 2018, which is down 0.2 percentage points from last month’s estimate, and also 2.0% in 2019.
Portugal - Industry Data
|Industrial Production (annual variation in %)||0.5||1.4||2.1||2.3||3.9|
5 years of economic forecasts for more than 30 economic indicators.
Portugal Industry Chart
Source: Statistics Portugal (INE).
|Bond Yield||1.85||-1.90 %||Aug 15|
|Exchange Rate||1.13||0.65 %||Aug 15|
|Stock Market||5,417||-0.02 %||Aug 15|
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July 30, 2018
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 30 July, consumer confidence tumbled to minus 1.4 points in July, down from 1.3 points in June.
June 29, 2018
Industrial production contracted 2.7% year-on-year in May, contrasting a revised 4.3% expansion in April (previously reported: +3.8% year-on-year).
Portugal: Consumer confidence slips to six-month low in June, while economic sentiment improves slightly
June 28, 2018
According to the recent survey of consumer sentiment released by the National Statistics Institute (INE) on 28 June, consumer confidence fell to a six-month low of 1.3 points in April, down from 4.1 points in May.
May 30, 2018
Detailed national accounts figures, released by the Statistical Institute on 30 May, confirmed that the economy lost pace in the first quarter of 2018, following the best quarter-on-quarter result since Q4 2016 in the previous quarter.
May 30, 2018
Annual growth in industrial production surged to 3.8% in April, up from a revised expansion of 2.1% in March (previously reported: +1.7% year-on-year).