Financial News: Portugal Inflation Eases, Industrial Output Recovers

Portugal Inflation Eases, Industrial Output Recovers

03/31/2025 - 09:49:00 (RTTNews)

(RTTNews) - Portugal's consumer price inflation slowed further in March, a flash report from Statistics Portugal showed on Monday.

Separate official data showed that industrial production expanded for the first time in four months in February.

Consumer price inflation softened to 1.9 percent in March from 2.4 percent in February.

Core inflation that excludes energy and unprocessed food products also moderated to 1.9 percent in March from 2.5 percent in the prior month.

The slowdown in inflation was mainly due to a flat change in energy products compared to a 1.5 percent rise in February. Meanwhile, the annual price growth in unprocessed food products accelerated to 2.8 percent from 2.4 percent.

On a monthly basis, consumer prices climbed 1.4 percent versus a 0.1 percent decline in the previous month.

The EU measure of inflation eased to 1.9 percent in March from 2.5 percent in the previous month.

Industrial production rose 0.9 percent yearly in February, reversing a 3.1 percent fall in January. The growth was mainly driven by a 1.8 percent rebound in the manufacturing output.

Production of intermediate goods grew 3.1 percent, while that of the energy segment declined by 3.7 percent. Excluding the energy grouping, industrial production was 1.8 percent higher.

On a monthly basis, industrial production growth eased slightly to 4.7 percent from 5.1 percent in January.

Another piece of official data showed that the country's jobless rate rose to 6.4 percent in February from 6.4 percent a month ago. The labor underutilization rate stood at 10.8 percent, the same value as the previous month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Slovenia Retail Sales Fall 2.0% In March (05 hr(s), 41 min(s), 54 sec(s) ago)
(RTTNews) - Retail trade turnover in Slovenia shrunk in March amid weaker demand for foods as well ...Full Story»

U.S. Consumer Confidence Slumps More Than Expected In April (05 hr(s), 48 min(s), 54 sec(s) ago)
(RTTNews) - Largely reflecting a significant deterioration by consumer expectations, the Conferenc ...Full Story»

Euro Area Inflation Expectations Highest Since 2024: ECB Survey (05 hr(s), 55 min(s), 54 sec(s) ago)
(RTTNews) - Eurozone consumers' inflation expectations for one year and three years ahead incr ...Full Story»

U.S. Job Openings Decrease More Than Expected In March (06 hr(s), 0 min(s),54 sec(s) ago)
(RTTNews) - The Labor Department released a report on Tuesday showing job openings in the U.S. fel ...Full Story»

Turkey Economic Confidence Weakens In April (06 hr(s), 04 min(s), 54 sec(s) ago)
(RTTNews) - Turkey's economic sentiment weakened in April to the lowest level in seven months, ...Full Story»

Swedish Economic Confidence Falls Slightly In April (07 hr(s), 10 min(s), 54 sec(s) ago)
(RTTNews) - Sweden's economic confidence decreased further in April to the lowest level in six ...Full Story»

Iceland Inflation Accelerates First Time In 9 Months (07 hr(s), 39 min(s), 54 sec(s) ago)
(RTTNews) - Consumer price inflation climbed in April for the first time in nine months, prelimina ...Full Story»

Eurozone Loans To Private Sector Rise Faster (07 hr(s), 54 min(s), 54 sec(s) ago)
(RTTNews) - Adjusted loans to the euro area private sector grew at a faster pace in March as lendi ...Full Story»