Portugal with best industrial production in EU

in News · 25-10-2020 16:00:00 · 1 Comments

Portugal, in August, recorded the biggest increase among the Member States of the European Union (EU) in industrial production, both in the year-over-year variation (2.1 percent) and in the chain (10.0 percent).

According to the European statistical office (Eurostat), compared to August 2019, industrial production decreased by 7.2 percent in the Euro area and 6.2 percent in the EU, with Portugal registering the largest increase of 2.1 percent, in line with the Lithuania and followed by Poland (1.2 percent).

In all other Member States, the indicator fell, with the largest decreases being observed in Luxembourg (-15.8 percent), Germany (-11.2 percent) and France (-7.3 percent).

Compared to July, industrial production increased by 0.7 percent in the Euro area and 1.0 percent in the EU, with Portugal presenting the biggest monthly increase (10.0 percent), followed by Italy (7.7 percent), Hungary and Sweden (6.7 percent each).


Comments:

This is great news! I believe that Portugal (now my permanent home) with its intelligent and gifted people, political stability and fantastic climate, has the potential to become the California of Europe! My wife, who is Portuguese, of course thinks I am quite mad when I voice this opinion. Let us see who is right!
Alexander McGeoch

By Alexander McGeoch from Alentejo on 26-10-2020 12:15
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