Portugal: Highest rise in EU industrial production in August – Eurostat

Sources:
– Text: aicep Portugal Global
– Photo: freepik

The country registered the highest increase among the European Union (EU) member-states in industrial production. In August, Portugal registered the highest increase among the European Union (EU) member-states in industrial production, both year-on-year (2.1%) and quarter-on-quarter (10.0%), Eurostat reported on Wednesday.

According to the European statistical office, compared to August 2019, industrial production fell 7.2% in the eurozone and 6.2% in the EU, with Portugal showing the largest increase (2.1%), in line with Lithuania and followed by Poland (1.2%).

In all the other member states, the indicator fell in year-on-year terms, with the largest falls being seen in Luxembourg (-15.8%), Germany (-11.2%) and France (-7.3%).

Compared to July, industrial production increased 0.7% in the eurozone and 1.0% in the EU, with Portugal showing the largest monthly advance (10.0%), followed by Italy (7.7%), Hungary and Sweden (6.7% each).

The most significant falls were in Ireland (-13.4%), Estonia (-2.1%) and Luxembourg (-1.2%).

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