Industrial production in Portugal slumped 7.1 percent year-on-year in April 2023, following a 0.8 percent decrease in the previous month. It was the largest decline in factory activity since August 2021, driven by a steeper decline in output of energy (-18.1 percent vs 16.4 percent in March), consumer goods (-7.1 percent vs -0.8 percent) and intermediate goods (-5.6 percent vs -4.3 percent). Also, production on investment goods slowed (4.2 percent vs 7.3 percent). On a monthly basis, industrial output dropped 5.6 percent, after a 0.3 percent fall in March. source: Statistics Portugal
Industrial Production in Portugal averaged -0.97 percent from 2005 until 2023, reaching an all time high of 37.20 percent in April of 2021 and a record low of -29.70 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 June of 2023.
Industrial Production in Portugal is expected to be -4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Industrial Production is projected to trend around 1.10 percent in 2024 and 1.80 percent in 2025, according to our econometric models.