Industrial production in Portugal rose 2.9 percent year-on-year in September of 2020, following an upwardly revised 4.2 percent increase in August, amid a slowdown in production of consumption goods (0.9 percent vs 3.5 percent). In addition, output shrank for capital goods (-5 percent vs -1.9 percent) and intermediate goods (-0.6 percent vs 3.1 percent). Meanwhile, energy production continued to grow solidly (21.3 percent vs 13.6 percent). On a monthly basis, industrial production declined 3.8 percent, for the first time since April, following a 10.4 percent surge in the previous month. source: Statistics Portugal
Industrial Production in Portugal averaged -1.38 percent from 2005 until 2020, reaching an all time high of 10.10 percent in August of 2017 and a record low of -28.90 percent in April of 2020. This page provides - Portugal Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Industrial Production in Portugal is expected to be -3.20 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 4.20 in 12 months time. In the long-term, the Portugal Industrial Production is projected to trend around 5.10 percent in 2021 and 2.60 percent in 2022, according to our econometric models.