Industrial production rises 8.2% in August

Portugal registered the biggest increase in industrial production out of all the European Union countries in August, having grown 8.2% compared to the previous month, according to data from Eurostat.

The boom came after two months of consecutive drops. In June, industrial production dropped 2.7%, while in July it decreased 2.2%.

Portugal’s positive results in August were closely followed by Malta, which registered a 7.2% increase in industrial output, and by the Czech Republic which saw a 4.7% rise. The biggest drops were recorded in Estonia (-3.5%), Sweden (-2.8%) and Latvia (-2.0%), placing them at the bottom of the August chart.

Portugal’s industrial production also registered a 0.4% rise compared to the same month in 2012.

On a European Union level, a positive trend was also resumed. Industrial output increased 0.5% while the eurozone registered a 1% boost compared to July. However, production fell 2.1% in the eurozone and 1.6% in the EU when compared to August 2012.

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