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.
Industrial Production in Portugal averaged -1.31 percent from 2005 until 2020, reaching an all time high of 10.10 percent in August of 2017 and a record low of -27.40 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 July of 2020.
Industrial Production in Portugal is expected to be 1.40 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 1.20 in 12 months time. In the long-term, the Portugal Industrial Production is projected to trend around 1.60 percent in 2021, according to our econometric models.