Portugal opposes Europe and sees industrial production fall 1% compared to July
Portugal contradicted the European trend and saw its industrial production fall in August. In year-on-year terms, both Portugal and Europe retreated.
The industrial production in Portugal fell in August compared to the previous month, contrary to what happened in the Eurozone and the European Union. According to the data released this Monday by Eurostat, in year-on-year terms, the area of the single currency saw industrial production fall 2.8% and the Community block 2%. In Portugal, there was an even greater fall: 4.6%.
“In August 2019 and compared to July 2019, industrial production rose by 0.4% in the Eurozone and 0.1% in the European Union,” says the statistics office. Among the member states, the largest jumps were recorded in Malta (5.6%), Estonia (3.9%) and Latvia (3%). Conversely, Croatia (-3%), Slovakia (-2.6%) and Lithuania (-2.4%) accounted for the largest leaps.
In Portugal, on the other hand, the chain variation fell by 1%. The industrial production fell again, after recovering in July (with a jump of 4.7%) from the significant decrease registered in the previous month (in June had been recorded a decrease of 4.6%).
In year-on-year terms, industrial production in the Euro Zone fell 2.8% and that of the European Union fell 2%. It was in Malta (7.4%), Denmark (6.6%) and Finland (4.5%) that the greatest increases were recorded. On the other hand, Slovakia (-8.1%), Ireland (-6.2%) and Romania (-6.1%) recorded the largest falls.