Industry in Portugal
Portugal - Industry
Industrial sector contracts at the sharpest pace in nearly 7 years in March
Portugal’s industrial sector remained in the doldrums at the end of the first quarter, contracting at a much sharper pace in March compared to February. Industrial production fell 7.6% over the same month of the previous year in March, down from a revised 2.1% decline in February (previously reported: - 2.5% year-on-year). It was the sharpest contraction since April 2012, and reflects a wider downturn in industrial activity in the Eurozone amid ebbing global momentum. Steep losses in the electricity, gas, steam and air conditioning supply sub-sector led the notable downturn, along with a swing to contraction in manufacturing output. These more than offset a noteworthy acceleration in the mining and quarrying sub-sector.
In seasonally-adjusted, month-on-month terms, industrial output fell 1.3% in March, slighter softer than February’s revised 1.6% drop (previously reported: -1.5% month-on-month). Meanwhile, the annual average variation in industrial output fell to minus 1.5% in March, from minus 0.6% in February.
Met the why particular Consensus Forecast panelists expect industrial production to decline 0.6% in 2019, which is down 0.8 percentage points from last month’s estimate. They see the industrial sector returning to growth in 2020, with output expanding 1.4% in the year.
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||1.16||-1.90 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||5,070||-0.02 %||May 13|
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May 15, 2019
The economy gained traction in the first quarter of the year, according to preliminary estimates released by the National Statistical Institute (INE) on 15 May.
April 30, 2019
Portugal’s industrial sector remained in the doldrums at the end of the first quarter, contracting at a much sharper pace in March compared to February.
Portugal: Consumers turn more optimistic in April, while the overall economic sentiment indicator remains steady
April 29, 2019
Consumers turned more optimistic in April, with the consumer sentiment index rising to minus 7.3 points, up from March’s over two-year low of minus 11.7 points.
March 29, 2019
Portugal’s industrial sector contracted for the fourth consecutive month in March amid a wider global slowdown, although the rate of decline eased somewhat from February.
March 28, 2019
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 28 March, consumer confidence slid for the sixth month running in March, falling to minus 11.7 points, down from minus 9.9 points in February.