Portugal Industrial Manufacturing

Industrial manufacturing in Portugal fell by 1.1% year-on-year in November 2023, following an upwardly revised 1.1% decline in October and marking the ninth straight month of contractions. Manufacturing continued to say no for shopper items (-3.6% vs -4.7% in October) and intermediate items (-2.2% vs -3.3%), though at a slower tempo. In the meantime, output reversed for funding items (-2.8% vs 0.5%), whereas slowing down for vitality (7% vs 10.1%). On a month-to-month foundation, industrial manufacturing rose by 3.5% in November, following a downwardly revised 3.4% enhance within the earlier month. supply: Statistics Portugal

Industrial Manufacturing in Portugal decreased 1.14 p.c in November of 2023 over the identical month within the earlier yr. Industrial Manufacturing in Portugal averaged -1.04 p.c from 2005 till 2023, reaching an all time excessive of 37.20 p.c in April of 2021 and a document low of -29.70 p.c in April of 2020. This web page offers – Portugal Industrial Manufacturing – precise values, historic knowledge, forecast, chart, statistics, financial calendar and information. Portugal Industrial Manufacturing – knowledge, historic chart, forecasts and calendar of releases – was final up to date on January of 2024.

Industrial Manufacturing in Portugal decreased 1.14 p.c in November of 2023 over the identical month within the earlier yr. Industrial Manufacturing in Portugal is predicted to be 1.10 p.c by the tip of this quarter, in line with Buying and selling Economics world macro fashions and analysts expectations. Within the long-term, the Portugal Industrial Manufacturing is projected to development round 1.00 p.c in 2025, in line with our econometric fashions.

In Portugal, industrial manufacturing measures the output of companies built-in in industrial sector of the economic system. Manufacturing is a very powerful sector and accounts for 93.9 p.c of whole manufacturing. The most important segments inside Manufacturing are: meals merchandise (13 p.c of whole manufacturing); coke, refined petroleum merchandise and fuels (10 p.c); motor autos, trailers and semi-trailers (9 p.c); metallic merchandise, besides equipment and tools (7 p.c); chemical substances and artificial or synthetic fibers, besides prescription drugs (5 p.c); rubber and plastic merchandise (5 p.c); and paper merchandise (5 p.c). Electrical energy, fuel, steam and air-con provide account for five p.c of whole output and water provide, sewerage and waste administration account for 1 p.c.