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

New Zealand Manufacturing Sector Expands In July - BusinessNZ (29 min(s), 13 sec(s) ago)
(RTTNews) - The manufacturing sector in New Zealand moved up into expansion territory in July, Bus ...Full Story»

Japan GDP Data Due On Friday (01 hr(s), 22 min(s), 13 sec(s) ago)
(RTTNews) - Japan will on Friday release preliminary Q2 numbers for gross domestic product, highli ...Full Story»

Treasury Announces Details Of Twenty-Year Bond Auction (08 hr(s), 05 min(s), 13 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auction ...Full Story»

U.S. Producer Price Growth Far Exceeds Estimates In July (08 hr(s), 44 min(s), 13 sec(s) ago)
(RTTNews) - Producer prices in the U.S. increased by much more than expected in the month of July, ...Full Story»

Slovenia GDP Rebounds 0.7% In Q2 (09 hr(s), 0 min(s),13 sec(s) ago)
(RTTNews) - Slovenia's economy expanded in the second quarter after a renewed contraction in ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000 (09 hr(s), 16 min(s), 13 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday unexpectedly showing a modest decre ...Full Story»

UK GDP Rises More Than Expected (09 hr(s), 57 min(s), 13 sec(s) ago)
(RTTNews) - The UK economy expanded more than expected in the second quarter but the overall growt ...Full Story»

Croatian Inflation Confirmed At 4.1% (10 hr(s), 22 min(s), 13 sec(s) ago)
(RTTNews) - Consumer price inflation in Croatia accelerated as initially estimated in July to its ...Full Story»