Industrial production in Portugal fell 6.5 percent year-on-year in January of 2021, following an upwardly revised 4.6 percent drop in the previous month, amid the new nationwide lockdown. It is the worst contraction in industrial production since July of 2020, dragged by lower production of intermediate goods (-3.2 percent vs 5.5 percent) and consumer goods (-5.9 percent vs -2.3 percent). Meanwhile, production decreased less for capital goods (-10.9 percent vs -14.1 percent) and energy (-9.4 percent vs -16.1 percent). On a seasonally adjusted monthly basis, industrial activity declined 1.3 percent, after a 1.8 percent increase in the previous month. source: Statistics Portugal
Industrial Production in Portugal averaged -1.42 percent from 2005 until 2021, 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 March of 2021.
Industrial Production in Portugal is expected to be 6.10 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 5.10 in 12 months time. In the long-term, the Portugal Industrial Production is projected to trend around 2.60 percent in 2022, according to our econometric models.