Industrial production in Portugal increased 3 percent year-on-year in August of 2020, the first gain since February. It also marks the biggest increase in industrial output so far this year, after big plunges from March to July due to the coronavirus crisis. Biggest upward contribution came from energy production (13.6 percent vs -11.3 percent in July), intermediate goods (2 percent vs -8.7 percent) and consumption goods (0.8 percent vs -5.1 percent). In contrast, production of capital goods continued to decline (-1.1 percent vs -14.3 percent). On a monthly basis, industrial production increased 10 percent, the third straight month of double digit gains.

Industrial Production in Portugal averaged -1.41 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 October of 2020.

Industrial Production in Portugal is expected to be -4.80 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 11.50 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.

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Portugal Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
3.00 -8.80 10.10 -28.90 2005 - 2020 percent Monthly
SA, 2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 10:00 AM May -26% -27.4% -18.8%
2020-07-30 10:00 AM Jun -14.6% -27.3% -17%
2020-09-01 10:00 AM Jul -9.6% -14.6% -8.8%
2020-09-30 10:00 AM Aug 3% -8.8% -4.4%
2020-10-30 11:00 AM Sep 3% 3.8%
2020-11-30 11:00 AM Oct
2020-12-28 11:00 AM Nov


News Stream
Industrial Output in Portugal Bounces Back
Industrial production in Portugal increased 3 percent year-on-year in August of 2020, the first gain since February. It also marks the biggest increase in industrial output so far this year, after big plunges from March to July due to the coronavirus crisis. Biggest upward contribution came from energy production (13.6 percent vs -11.3 percent in July), intermediate goods (2 percent vs -8.7 percent) and consumption goods (0.8 percent vs -5.1 percent). In contrast, production of capital goods continued to decline (-1.1 percent vs -14.3 percent). On a monthly basis, industrial production increased 10 percent, the third straight month of double digit gains.
2020-09-30
Portugal Industrial Output Falls 9.6% YoY in July
Industrial production in Portugal decreased 9.6 percent year-on-year in July of 2020, less than a 14.6 percent fall in the previous month. Output fell at a softer pace for energy (-11.3 percent vs -14 percent in June); capital goods (-14.4 percent vs -16.4 percent), intermediate goods (-9.6 percent vs -16.1 percent) and consumer goods (-6.4 percent vs -12.6 percent). On a monthly basis, industrial production climbed 11.9 percent, following an 11 percent rise in June.
2020-09-01
Portugal Industrial Output Falls 14.6% YoY in June
Industrial production in Portugal decreased 14.6 percent year-on-year in June of 2020, following an upwardly revised 27.3 percent drop in the previous month. Output fell at a softer pace for energy (-13.9 percent vs -22.8 percent in May); capital goods (-16 percent vs -30.6 percent), intermediate goods (-16 percent vs -24.5 percent) and consumer goods (-13 percent vs -30.7 percent). On a monthly basis, industrial production climbed 11.2 percent, following a 2.7 percent rise in May.
2020-07-30
Portugal Industrial Production Shrinks for 3rd Month
Industrial production in Portugal decreased 26 percent year-on-year in May of 2020, following an upwardly revised 27.4 percent fall in April which was the lowest on record due to the coronavirus pandemic and subsequent lockdown. Output contracted less for capital goods (-30.9 percent vs -45.3 percent in April) and consumer goods (-27.9 percent vs -32.2 percent) but fell at a faster pace for intermediate goods (-23.4 percent vs -22.3 percent) and energy (-22.8 percent vs -12.4 percent). On a monthly basis, industrial production rose 2.5 percent, following a 19.3 percent plunge in April.
2020-06-30

Portugal Industrial Production
In Portugal, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 93.9 percent of total production. The biggest segments within Manufacturing are: food products (13 percent of total production); coke, refined petroleum products and fuels (10 percent); motor vehicles, trailers and semi-trailers (9 percent); metal products, except machinery and equipment (7 percent); chemicals and synthetic or artificial fibers, except pharmaceuticals (5 percent); rubber and plastic products (5 percent); and paper products (5 percent). Electricity, gas, steam and air conditioning supply account for 5 percent of total output and water supply, sewerage and waste management account for 1 percent.