Financial News: Portugal Industrial Output Shrinks 4.3%, Retail Sales Grow

Portugal Industrial Output Shrinks 4.3%, Retail Sales Growth Improves

03/03/2025 - 09:08:00 (RTTNews)

(RTTNews) - Portugal's industrial production decreased for the third straight month in January, while retail sales expanded at a slightly faster pace, separate reports from Statistics Portugal showed on Monday.

Industrial production dropped 4.3 percent year-on-year in January, slower than the 4.9 percent fall in December.

Excluding energy, industrial output fell 4.1 percent in January, compared to a 3.2 percent decrease in the prior month.

Among large industrial groups, production in the energy segment showed a decline of 5.4 percent, and the capital goods sector declined sharply by 8.8 percent from last year. Data showed that the intermediate goods segment also showed a fall of 5.7 percent.

On a monthly basis, industrial production rebounded 3.7 percent versus a 4.2 percent fall in December.

The annual retail sales growth improved somewhat to 5.4 percent in January from 5.1 percent a month ago. Food sales growth accelerated to 7.6 percent from 5.6 percent, while those of non-food goods slowed to 3.9 percent from 4.7 percent.

Another piece of information showed that the jobless rate in the country dropped to 6.2 percent in January from 6.4 percent in December. The labor underutilization rate stood at 10.6 percent, which was the lowest value since February 2011.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Fed's Daly Says Policymakers Can Wait For More Clarity Around Trade Policies (04 hr(s), 18 min(s), 04 sec(s) ago)
(RTTNews) - The Federal Reserve can make more reductions as projected earlier but policymakers sho ...Full Story»

Slovenian Producer Prices Rise 1.2% (13 hr(s), 01 min(s), 04 sec(s) ago)
(RTTNews) - Slovenia's producer prices increased for the second straight month in March, figur ...Full Story»

Italy Construction Output Grows Most In 6 Months (13 hr(s), 33 min(s), 04 sec(s) ago)
(RTTNews) - Italy's construction output expanded for the second straight month in February and ...Full Story»

Italy Trade Surplus Shrinks In February (15 hr(s), 28 min(s), 04 sec(s) ago)
(RTTNews) - Italy's foreign trade surplus decreased in February from a year ago as imports gre ...Full Story»

Moldova Producer Price Inflation Rises To 4.7% (16 hr(s), 15 min(s), 04 sec(s) ago)
(RTTNews) - Moldova's producer prices increased for the third straight month in March and at a ...Full Story»

Malaysia Economic Growth Eases, Trade Surplus Grows (17 hr(s), 25 min(s), 04 sec(s) ago)
(RTTNews) - Malaysian economic growth eased further in the first quarter of 2025 amid a contractio ...Full Story»

Japan Nationwide Inflation Climbs 3.6% On Year In March (42 min(s), 04 sec(s) ago)
(RTTNews) - Overall consumer prices in Japan were up 3.6 percent on year in March, the Ministry of ...Full Story»

Japan Inflation Data Due On Friday (02 hr(s), 16 min(s), 04 sec(s) ago)
(RTTNews) - Japan will on Friday release March figures for national consumer prices, highlighting ...Full Story»