Industrial production falls 4.0% in August

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The Industrial Production Index fell 4.0% in August, compared to the same month a year earlier, after a 2.8% drop in July, according to data from the National Statistics Institute (INE) released today.

According to INE, excluding the energy grouping, the aggregate index fell by 5.2%, compared to a contraction of 3.3% in the previous month.

Among the major industrial groupings, the variations were divergent. While on the one hand energy and investment goods showed positive variations, the negative developments in intermediate goods and consumer goods penalized the aggregate.

Intermediate goods made the most significant contribution to the total index (-2.8 percentage points), due to a rate of change of -8.3% (-5.6% in the previous month), while consumer goods contributed -1.9 p.p. to the aggregate, as a result of a year-on-year reduction of 5.5% (-3.0% in July).

The energy and investment goods groupings showed positive variations of 2.5% and 2.0% respectively (-0.5% and 1.6% in the previous month), with contributions of 0.4 p.p. and 0.3 p.p..

In terms of month-on-month change, the Industrial Production Index rose by 0.7% in August, compared to 0.6% in July.

The capital goods and energy groupings contributed 1.5 p.p. and 0.5 p.p. respectively to the growth of the total index, as a result of rates of change of 9.9% and 3.2% (-2.3% and 4.2% in the previous month).

The consumer goods and intermediate goods groupings made contributions of -0.9 p.p. and -0.5 p.p., due to monthly variations of -2.6% and -1.4% (0.2% and 0.5% in July).

Hervé Hubert
Hervé Hubert
Hervé Hubert is a 55-year-old writer and journalist based in Porto, Portugal. Born in France, he brings a unique blend of French and Portuguese perspectives to his work. Education Hervé studied Journalism and Literature at the University of Lyon in France. After completing his studies, he gained valuable experience working with various French media outlets (Portugal France also). Career He worked for several years as a journalist in France before making the move to Portugal. In Porto, he joined the Portugal Pulse team as a staff writer. Skills Hervé specializes in storytelling, investigative journalism, and cultural commentary. He has a flair for capturing complex issues in a relatable way. Personal Life He currently resides in Porto and enjoys the city's rich culture, from Fado music to Francesinha cuisine. Hervé continues to maintain strong ties to his French heritage, often traveling back to France for family visits and cultural exploration. With his unique background and diverse skill set, Hervé Hubert adds a layered, multicultural lens to every story he covers.

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