YoY drop in industrial output in September was second-largest in EU
The country suffered the second-largest year-on-year decline in industrial production in the euro zone and European Union in the month of September.
Portugal suffered the second-largest year-on-year decline in industrial production in the euro zone and European Union in September, with a drop of 4.8%, even as output in the euro zone was up 5.2% and in the EU as a whole by 5.0%, according to figures released on Friday by Eurostat reports.
That year-on-year growth contrasts, however, with a month-on-month decline, with industrial production falling 0.2% in the euro zone in September from August and 0.5% in the EU, according to the data from the EU statistics office.
The largest year-on-year increases in industrial production were in Ireland (45.4%), Belgium (23.1%) and Lithuania (19.6%), while the largest falls were in Slovakia (-4.9%), Portugal (-4.8%) and the Czech Republic (-4.0%).
Compared to August, the countries with the largest declines were Denmark (-5.0%), the Czech Republic (-3.2%) and Austria (-3.0%), while those with the biggest month-on-month increases were Estonia (5.3%), Lithuania (4.3%) and Belgium (3.7%). Portugal’s production rose 1.7%.
