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Financial News: Portugal Industrial Production, Retail Sales Fall

Portugal Industrial Production, Retail Sales Fall

03/30/2021 - 07:47:00 (RTTNews)

(RTTNews) - Portugal's industrial production and retail sales declined at a softer pace in February, figures from Statistics Portugal showed on Tuesday.

Industrial production decreased 2.4 percent year-on-year in February, following a 6.2 percent fall in January.

Energy output grew 16.1 percent annually in February.

Meanwhile, production in intermediate and investment declined 3.0 percent and 5.5 percent, respectively.

On a monthly basis, industrial production grew 1.2 percent in February, after a 1.1 percent fall in the preceding month.

Separate data from the statistical office showed that the retail sales declined 14.5 percent annually in February, following a 10.7 percent fall in January.

On a month-on-month basis, retail sales decreased 0.7 percent in February, following a 4.9 percent drop in the previous month.

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