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FX.co ★ Portugal Industrial Production Falls In April

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typeContent_19130:::2022-06-01T14:07:00

Portugal Industrial Production Falls In April

Portugal's industrial production declined in April after rising in the previous month, figures from Statistics Portugal showed on Wednesday.

Industrial production fell 1.8 percent year-over-year in April, reversing a 0.7 percent rise in March, which was the first increase in three months.

Excluding energy, output contracted 1.1 percent compared to last year, in contrast to a 2.0 percent gain in the prior month.

Among sectors, manufacturing production declined 1.5 percent and output in the utility sector showed a fall of 4.0 percent.

On a monthly basis, industrial production decreased 2.0 percent in April versus 4.6 percent growth in March.

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