Portugal: June industrial output down 14.8 pct, biggest drop in EU

Industrial output fell 12.3% in the euro area and 11.6% in the European Union (EU) in June, in year-on-year terms, with Portugal recording the biggest fall among member states (-14.8%), according to Eurostat.

The year-on-year falls in June were, however, less marked than those seen in the previous three months, when the European economy suffered the economic effects of the pandemic caused by the Covid-19.

In comparison with May, industrial output increased 9.1% in both the euro area and the EU, a slowdown from the 12.3% and 11.6% growth recorded in May, reversing the monthly falls in March and April due to the confinement imposed as part of the fight against the covid-19 pandemic.

Compared to June 2019, Portugal registered the largest decline (-14.8%), followed by Germany and Spain (-14.1% each), and Italy (-13.7%), with only a 4.5% increase in Ireland.

In the monthly variation, Slovakia (21.7%), Hungary (17.1%) and Romania (16.3%) registered the biggest increases, with Belgium (-1.4%) and Finland (-0.8%) the only retreats.

In Portugal, industrial output grew 11.3% from May to June.