Industry in Portugal
Portugal - Industry
Industrial outputs plunges at sharpest rate in almost eight years in March
Industrial production dived 7.2% in March over the same month of the previous year, contrasting the revised 0.9% rise in February (previously reported: +1.0% year-on-year) and marking the sharpest contraction in output since April 2012. The downturn was primarily driven by a steeper fall in the manufacturing sector, while mining activity also contracted in the month.
In seasonally-adjusted month-on-month terms, industrial production plummeted 8.3% in March, following February’s 2.9% downturn, and marking the worst result since records began in 2010. Lastly, the annual average variation in industrial output fell 1.8% in March, unchanged from the previous month.
FocusEconomics Consensus Forecast panelists project industrial production to contract 6.0% in 2020, which is down 7.6 percentage points from last month’s estimate, with output expanding 3.1% in 2021.
Portugal - Industry Data
|Industrial Production (annual variation in %)||2.1||2.3||3.9||0.1||-2.3|
5 years of economic forecasts for more than 30 economic indicators.
Portugal Industry Chart
Source: Statistics Portugal (INE).
|Bond Yield||0.45||-1.90 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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