Financial News: Portugal Industrial Output Recovers; Retail Sales Growth I

Portugal Industrial Output Recovers; Retail Sales Growth Improves

07/01/2025 - 10:20:00 (RTTNews)

(RTTNews) - Portugal's industrial production expanded for the first time in three months in May, while retail sales grew at an accelerated pace, separate reports from Statistics Portugal showed on Tuesday.

Industrial production advanced 2.6 percent year-on-year in May reversing a 2.1 percent fall in April.

Among large industrial groups, production in the energy segment showed a sharp growth of 18.0 percent, and the capital goods sector grew by 1.8 percent from last year. Data showed that the intermediate goods segment showed a slight increase of 0.1 percent.

Excluding energy, industrial output fell 0.2 percent in May, compared to a 2.9 percent decrease in the prior month.

On a monthly basis, industrial production climbed 1.9 percent versus a 1.3 percent gain in April.

The annual retail sales growth improved to 4.8 percent in May from 3.0 percent a month ago. Non-food sales growth accelerated to 4.7 percent from 0.8 percent, while that of food goods slowed to 5.0 percent from 6.4 percent.

Another piece of information showed that the jobless rate in the country remained stable at 6.3 percent in May. A year ago, it was 6.4 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Reaches Five-Month High In July (02 hr(s), 32 min(s), 30 sec(s) ago)
(RTTNews) - After reporting a substantial rebound by U.S. consumer sentiment in the previous month ...Full Story»

U.S. Housing Starts Rebound More Than Expected In June (03 hr(s), 31 min(s), 30 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story»

U.S. Housing Starts Surge 4.6% In June, More Than Expected (04 hr(s), 37 min(s), 30 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story»

Italy Current Account Surplus Grows In May (06 hr(s), 40 min(s), 30 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in May from the previous year, the Bank ...Full Story»

Eurozone Construction Output Falls 1.7% (07 hr(s), 01 min(s), 30 sec(s) ago)
(RTTNews) - Eurozone construction output declined at the fastest pace in nearly two-and-a-half yea ...Full Story»

Eurozone Current Account Surplus Surges (07 hr(s), 15 min(s), 30 sec(s) ago)
(RTTNews) - The euro area current account surplus increased sharply in May largely due to the rise ...Full Story»

Italy Construction Output Falls 1.4% (08 hr(s), 57 min(s), 30 sec(s) ago)
(RTTNews) - Italy's construction output decreased in May after recovering in the previous mont ...Full Story»

Malaysia GDP Growth Improves In Q2 (09 hr(s), 38 min(s), 30 sec(s) ago)
(RTTNews) - Malaysia's economic growth improved in the second quarter driven by strong domesti ...Full Story»