Industrial production in Portugal surged 27.1 percent year-on-year in May of 2021, following a record 37.3 percent rise in the previous month, amid low base effects from last year when the coronavirus pandemic hit the economy hard. Double-digit increases were seen in production of durable goods (68 percent), nondurables (26.7 percent), intermediate goods (30 percent), energy (18.1 percent) and investment goods (23.5 percent). On a monthly basis, industrial output fell 4.5 percent. source: Statistics Portugal
Industrial Production in Portugal averaged -1.04 percent from 2005 until 2021, reaching an all time high of 37.30 percent in April of 2021 and a record low of -29.70 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 August of 2021.
Industrial Production in Portugal is expected to be 15.10 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 5.60 in 12 months time. In the long-term, the Portugal Industrial Production is projected to trend around 3.80 percent in 2022 and 2.60 percent in 2023, according to our econometric models.