Portugal Industrial Production Falls For Second Month

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Portugal’s industrial production declined for the second straight month in April, figures from Statistics Portugal showed on Monday.

Industrial production fell 25.9 percent year-on-year in April, faster than the 6.8 percent decrease in March. Output fell for the second month in a row.

Manufacturing output declined 29.0 percent on a yearly basis in April, following a 10.2 percent drop in the previous month.

Energy output declined 12.0 percent annually in April. Production of intermediate and investment goods decreased by 21.0 percent and 43.7 percent, respectively.

On a monthly basis, industrial production fell 18.2 percent in April, following an 8.0 percent decline in the preceding month.

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