Industrial production falls 5.2%

in News · 08-11-2019 01:00:00 · 0 Comments
Industrial production falls 5.2%

Portugal’s industrial production index registered a year-on-year fall of 5.2 percent in September, against a decrease of 5.3 percent in the previous month.

According to data released by Statistics Portugal (INE), the energy grouping made the most influential contribution to the fall in the aggregate index (-3.4 percent), as a result of a fall in the rate of 17.3 percent in September (against a fall of 21.5 percent in August).


According to INE, the grouping of ‘intermediate goods’, in turn, registered a year-on-year drop of 5.5 percent, against the decline of 3.1 percent in the previous month, while the grouping of ‘capital goods’ recorded a growth of 1.1 percent (7.2 percent in August).


Regarding the monthly variation, the industrial production index decreased by 2.3 percent in September, with all industrial groupings making negative contributions to the variation of the aggregate index.


At this level, the grouping of ‘intermediate goods’ (-1.2 percentage points) stood out, as a result of a negative rate of 4.2 percent (an increase of 8.0 percent in August).


INE also said that the index contracted by 4.1 percent year-on-year in the third quarter of this year, when in the previous quarter the fall was 2.2 percent, with the grouping of ‘investment goods’ being the only one to register a positive rate of change (2.6 percent between July and September, and 0.9 percent in the second quarter).



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