Portugal Industrial Output Falls 0.9% In October

(RTTNews) - Portugal's industrial production declined for the eighth straight month in October, though at a weaker rate, figures from Statistics Portugal showed on Monday.

Industrial production dropped 0.9 percent year-on-year in October, much slower than the 6.3 percent decrease in September.

Excluding energy, industrial output fell 3.1 percent in October, compared to a 5.8 percent decline in the prior month.

Among large industrial groups, production in the intermediate goods sector fell 1.3 percent from last year, while that in the energy segment showed a sharp rebound of 14.9 percent.

On a monthly basis, industrial production recovered 3.7 percent versus a 3.2 percent fall in the preceding month.