Industrial production in Portugal jumped 5.0 percent year-on-year in March of 2021, following an upwardly revised 2.8 percent fall in the previous month, as lockdown restriction started to be lifted after the immense surge in infections earlier this year. It was the highest growth rate since August of 2017, as output rebounded significantly for both intermediate goods (8.3 percent vs -2.8 percent in February), capital goods (7.6 percent vs -9.1 percent), and for consumption goods (3.5 percent vs -9.3 percent). Regarding the latter, it is relevant to distinguish that production increased greatly for durable goods (44.8 percent vs -4.2 percent), while for non-durables it has just flattened (-0.2 percent vs -9.9 percent). Lastly, energy production has stabilized after soaring in the previous month (0.3 percent vs 16.1 percent). On a seasonally adjusted monthly basis, industrial activity declined 0.9 percent, after a downwardly revised 1.1 increase in February. source: Statistics Portugal
Industrial Production in Portugal averaged -1.39 percent from 2005 until 2021, 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 May of 2021.
Industrial Production in Portugal is expected to be 11.50 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 5.10 in 12 months time. In the long-term, the Portugal Industrial Production is projected to trend around 2.60 percent in 2022, according to our econometric models.