Industrial production in Portugal decreased 14.6 percent year-on-year in June of 2020, following an upwardly revised 27.3 percent drop in the previous month. Output fell at a softer pace for energy (-13.9 percent vs -22.8 percent in May); capital goods (-16 percent vs -30.6 percent), intermediate goods (-16 percent vs -24.5 percent) and consumer goods (-13 percent vs -30.7 percent). On a monthly basis, industrial production climbed 11.2 percent, following a 2.7 percent rise in May.
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 -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 August of 2020.
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 1.20 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.