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Financial News: Portugal Industrial Production Falls Further; Retail Sales

Portugal Industrial Production Falls Further; Retail Sales Growth Rises

05/30/2019 - 07:38:00 (RTTNews)

(RTTNews) - Portugal industrial production fell further at a slower rate in April, while retail sales grew for the second straight month, figures from Statistics Portugal showed on Thursday.

Industrial production fell 1.6 percent year-on-year in April, following a 7.1 percent decline in March.

Production in the manufacturing sector rose 0.3 percent in April from a year ago.

On a month-on-month basis, industrial production dropped 2.9 percent in April, after a 0.8 percent in the previous month.

Separate data from Statistics Portugal showed that the retail sales rose 6.5 percent annually in April, following a 4.5 percent increase in March.

On a monthly basis, retail sales fell 1.0 percent in April, reversing a 1.7 percent rise in the previous month.

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