Industrial production in Portugal fell 3.6 percent year-on-year in November of 2020, following an upwardly revised 0.4 percent increase in the previous month, halting three consecutive months of gains. Biggest donward contribution came from energy production (-10.3 percent vs 12.6 percent in October); capital goods (-8.2 percent vs -3.1 percent) and non-durable consumer goods (-2.9 percent vs -5.7 percent). Meanwhile, production went up for intermediate goods (1.1 percent vs -0.6 percent) and durable consumer goods (6.2 percent vs 14.1 percent). On a seasonally adjusted monthly basis, industrial activity declined 5 percent, after an upwardly revised 1.2 percent increase 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 January of 2021.
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.