Industrial Production in Portugal increased 3 percent year-on-year in May of 2022, the biggest increase since June last year, prompted by a 12.3% jump in mining activity and a rebound of 3.9% in the manufacturing sector. On the other hand, utilities output declined for a 10th consecutive month (-3.1%). Compared to April, industrial production declined 0.6%. source: Statistics Portugal
Industrial Production in Portugal averaged -1.04 percent from 2005 until 2022, reaching an all time high of 37.20 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 July of 2022.
Industrial Production in Portugal is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Industrial Production is projected to trend around 3.80 percent in 2023 and 2.60 percent in 2024, according to our econometric models.