Portugal's industrial production increased 0.2 percent from a year ago in November 2019, following a downwardly revised 2.3 percent decline in the previous month. It was the first gain in industrial activity since May, as output recovered in utilities (4 percent vs -2.7 percent) and it fell much less in manufacturing (-0.7 percent vs -2.4 percent). Meanwhile, the mining sector lost steam (3.5 percent vs 5.3 percent). On a monthly basis, industrial production shrank 0.6 percent after increasing 3 percent in the previous month.
Industrial Production in Portugal averaged -1.06 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 1.50 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 1.50 in 12 months time. In the long-term, the Portugal Industrial Production is projected to trend around 1.60 percent in 2020, according to our econometric models.