Portugal’s industrial production falls in September, fifth month in a row

  • ECO News
  • 30 October 2018

The industrial production registered a smaller fall in comparison to last month's 3.3% drop, having decreased by only 0.1% in September. However, for five months, productivity has been decreasing.

Portugal’s industrial production fell again in September, by 0.1%, for the fifth consecutive month, the National Statistics Institute (INE) said, despite a smaller drop than seen in August (-3.3%).

“All the large industrial groupings posted percentage changes higher than seen in the previous month, except for consumer goods, which changed from an on year variation of -0.8% in August to -2.5% in September,” said INE in a statement issued on Tuesday.

INE’s figures also showed that consumer goods also made the biggest negative contribution to the change in the aggregate index (-0.8 percentage points).

“Inversely, investment goods made the most positive contribution (0.9 percentage points), as a result of a change of 6.1% (-5.1% in August,” the statement said.

In monthly terms, the industrial production index fell by 2.8% in September, following a drop of 2.1% in August.

In the third quarter of the year the aggregate index posted a drop of 1.5%, compared with a rise of 0.5% in the previous quarter.