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Financial News: Portugal Industrial Production Falls In April

Portugal Industrial Production Falls In April

06/01/2022 - 10:07:00 (RTTNews)

(RTTNews) - Portugal's industrial production declined in April after rising in the previous month, figures from Statistics Portugal showed on Wednesday.

Industrial production fell 1.8 percent year-over-year in April, reversing a 0.7 percent rise in March, which was the first increase in three months.

Excluding energy, output contracted 1.1 percent compared to last year, in contrast to a 2.0 percent gain in the prior month.

Among sectors, manufacturing production declined 1.5 percent and output in the utility sector showed a fall of 4.0 percent.

On a monthly basis, industrial production decreased 2.0 percent in April versus 4.6 percent growth in March.

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