Portugal's industrial production fell by 3.8% year-on-year in August, as reported by Statistics Portugal. This marks the fourth consecutive monthly decline and is a steeper drop than the 0.8% decrease noted in July. Manufacturing output also saw a significant reduction, decreasing by 5% compared to a 1.9% decline the previous month.
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Key industrial groupings experienced notable declines: the production of capital goods plummeted by 12.1% year-on-year, while energy goods saw a reduction of 4.7%. Consumer goods production fell by 2.6%, although the output of intermediate goods increased slightly by 0.6%. When excluding energy goods, industrial production still experienced a 3.6% annual decline versus a 0.8% decrease in July. On a month-to-month basis, industrial production dropped by 2%, reversing the 0.4% increase observed in July.