Portugal registers biggest drop in industrial production in euro area
According to Eurostat, industrial production fell by 1.6% in the eurozone and 1.5% in the EU compared to July. Year on year, the main falls were in Portugal (-7.2%) and Malta (-4.2%).
Industrial production increased in August in the eurozone (5.1%) and the European Union (EU 5.3%), compared to the same month of 2020, with Portugal in a counter-cycle recording the largest fall among member states (-7.2%), Eurostat announced on Wednesday.
According to the European statistics office, industrial production fell by 1.6% in the eurozone and 1.5% in the EU compared to July.
Year on year, the biggest increases were in Belgium (29.9%), Ireland (22.1%) and Lithuania (15.4%), and the main falls were in Portugal (-7.2%), Malta (-4.2%) and the Czech Republic (-1.4%).
Month on month, The main falls were in Malta (-6.3%), Germany and Estonia (-4.1% each) and Slovakia (-3.8%), while Denmark (3.5%), Lithuania (2.9%) and Luxembourg (2.1%) showed the largest increases in industrial production.
Portugal saw a 1.4% decline in August compared to July.
