Portugal's industrial production rose 3.3 percent from a year ago in December 2019, following an upwardly revised 0.4 percent increase in the previous month. It was the biggest gain since April 2018, as output grew much faster for utilities (18.4 percent vs 3.6 percent in November) and it rebounded for manufacturing (0.5 percent vs -0.3 percent). On the other hand, the mining sector continued to slow down (1.2 percent vs 3.1 percent). On a seasonally adjusted monthly basis, industrial production surged 2.8 percent, after decreasing 0.6 percent in the previous month. In the fourth quarter of 2019, industrial production grew 0.5 percent over a year ago.
Industrial Production in Portugal averaged -1.03 percent from 2005 until 2019, reaching an all time high of 10.10 percent in August of 2017 and a record low of -18.20 percent in January of 2009. This page provides - Portugal Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Industrial Production in Portugal is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Portugal to stand at 1.20 in 12 months time. In the long-term, the Portugal Industrial Production is projected to trend around 1.60 percent in 2021, according to our econometric models.