Portugal Industry
Decline in industrial output softens in May
Industrial production slid 4.5% year on year in seasonally-adjusted terms in May (April: -6.9% s.a. yoy). The improvement was partly due to a weaker contraction in manufacturing production. In addition, electricity, gas, steam and air conditioning supply output continued to fall at a sharp pace.
On a monthly basis, industrial output rose 2.0% in seasonally adjusted terms in May, contrasting April’s 5.7% fall and marking the best result since December 2022. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at 0.0%, down from April’s plus 0.6% reading.
Portugal Industry Chart
This chart displays Industrial Production (annual variation in %) for Portugal from 2013 to 2022.
Portugal Industry Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 0.1 | -2.3 | -7.0 | 3.0 | 0.3 |