Portugal Industrial Production Growth Slows

Portugal’s industrial production grew at a softer pace in October, figures from Statistics Portugal showed on Wednesday.

Industrial production rose 0.1 percent year-on-year in October, after a 2.8 percent increase in September.

Manufacturing output dropped 1.9 percent yearly in October, after a 0.5 percent growth in the previous month.

Energy output gained 12.6 percent annually in October.

Meanwhile, production of intermediate and investment goods decreased by 1.4 percent and 3.2 percent, respectively.

On a monthly basis, industrial production rose 0.7 percent in October, after a 3.4 percent fall in the preceding month.

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