Portugal's industrial production down 25.9 pct in April amid pandemic
Source: Busiunion | 2020-06-02
The National Institute of Statistics (INE) of Portugal announced on Monday that the country's industrial production index fell 25.9 percent in April in comparison with the same month of the previous year, directly reflecting the paralysis caused by the COVID-19 pandemic.
Compared to the month of March, when the fall had been 6.8 percent, Portuguese industrial activity sank another 19.1 percentage points.
According to the statistics agency, the rate of change in the manufacturing section decreased by 29.0 percent in April, while in March it had fallen by 10.2 percent.
"Reflecting the constraints to economic activity determined by measures to contain the spread of the COVID-19 pandemic, the industrial production index registered a negative variation," said INE on its website.
On Monday, Portugal began the third and final phase of deconfinement, with the general reopening of trade, and the government encourages the return of consumption as a way to reactivate the economy. However, the third phase of reopening for the Greater Lisbon will be postpone to June 4 due to the new outbreaks.