Portugal’s industrial production declined at a softer rate in July, figures from Statistics Portugal showed on Tuesday.
Industrial production fell 9.6 percent year-on-year in July, following a 14.6 percent decrease in June. Output fell for the fifth month in a row.
Manufacturing output declined 9.1 percent on a yearly basis in July, following a 15.7 percent drop in the previous month.
Energy output declined 11.3 percent annually in July. Production of intermediate and investment goods decreased by 9.6 percent and 14.4 percent, respectively.
On a monthly basis, industrial production rose 11.9 percent in July, following an 11.0 percent growth in the preceding month.
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