Industry in Portugal

Portugal Industry | Economic News & Forecasts

Portugal - Industry

Industrial production shoots higher in December

Industrial production jumped 3.3% higher in December over the same month of the previous year, following a revised 0.4% rise in November (previously reported: +0.2% year-on-year) and marking the strongest expansion in two years. The reading was primarily driven by a surge in output in the supply of electricity, gas, steam and air conditioning, as well as a rebound in the manufacturing sector which returned to growth after four months of contraction.

In seasonally-adjusted month-on-month terms, industrial production rose 2.8% in December, contrasting November’s 0.6% decline. Lastly, the annual average variation in industrial output fell 2.4% in December, improving marginally from the 2.8% drop recorded in the previous month.

FocusEconomics Consensus Forecast panelists project industrial production to rise 1.5% in 2020, which is up 0.2 percentage points from last month’s estimate, with output expanding 1.4% in 2021.

Portugal - Industry Data

2014   2015   2016   2017   2018  
Industrial Production (annual variation in %)1.4  2.1  2.3  3.9  0.1  

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Portugal Industry Chart

Portugal Industry
Note: Annual variation of industrial production in %.
Source: Statistics Portugal (INE).

Portugal Facts

Value Change Date
Bond Yield0.45-1.90 %Jan 01
Exchange Rate1.120.65 %Dec 31

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