Portugal Industrial Production Falls For Third Month


Portugal’s industrial production declined for the third straight month in January, figures from Statistics Portugal showed on Tuesday.

Industrial production decreased 6.5 percent year-on-year in January, after a 4.6 percent decrease in December.

Manufacturing output declined 5.4 percent yearly in January, following a 2.7 percent fall in the previous month.

Energy output fell 9.4 percent annually in January. Production of investment goods and intermediate goods fell by 10.9 percent and 3.2 percent.

On a monthly basis, industrial production fell 1.3 percent in January, after a 1.8 percent rise in the preceding month.

The material has been provided by InstaForex Company – www.instaforex.com


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