Industry in Portugal
Portugal - Industry
Industrial sector contracts at same pace in October as the previous month
Portugal’s industrial sector contracted for the sixth consecutive month in October, with output declining 0.3% year-on-year, matching revised September’s reading (previously reported: -0.1% year-on-year). A contraction in manufacturing output and a moderation in the growth of the mining and quarrying sector offset a rebound in the supply of electricity, gas, steam and air conditioning.
In seasonally-adjusted, month-on-month terms, the contraction of the industrial sector was more tepid. In October, industrial output fell 0.9% over the previous month, after declining a revised 2.6% month-on-month in September (previously reported: +2.8% month-on-month). Annual average growth in industrial production dropped to 0.5% in October, down from 0.9% in September.
FocusEconomics Consensus Forecast panelists expect industrial production to grow 1.9% in 2019, which is down 0.2 percentage points from last month’s estimate. For 2020, the panel sees growth in industrial output declining to 1.2%.
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 | 1.83 | -1.90 % | Nov 29 |
| Exchange Rate | 1.14 | 0.65 % | Nov 29 |
| Stock Market | 4,905 | -0.02 % | Nov 29 |
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Economic News
Portugal: Industrial sector contracts at same pace in October as the previous month
November 30, 2018
Portugal’s industrial sector contracted for the sixth consecutive month in October, with output declining 0.3% year-on-year, matching revised September’s reading (previously reported: -0.1% year-on-year).
Portugal: Consumer confidence tumbles to 21-month low and economic sentiment dips in November
November 29, 2018
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 29 November, consumer confidence deteriorated markedly in November, tumbling to minus 3.4 points from minus 0.4 points in October.
Portugal: Economy loses traction in Q3
November 14, 2018
According to a flash GDP estimate released by the National Statistical Institute (INE) on 14 November, the economy lost pace in the third quarter, with economic growth in quarter-on-quarter, seasonally-adjusted terms weakening to 0.3% from an 0.6% expansion in the second quarter.
Portugal: Contraction in industrial production eases markedly in September
October 30, 2018
The performance of the industrial sector improved year-on-year in September, following a notable contraction in August.
Portugal: Consumer confidence recovers lost ground in October, while economic sentiment stabilizes
October 30, 2018
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 30 October, consumer confidence improved in October from the previous three months but remained in negative territory.
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