FX.co ★ Portugal Industrial Production Expands In March

Portugal's Industrial production expanded in March following declines in the previous two months, figures from Statistics Portugal showed on Tuesday.

Industrial production rose 0.5 percent year-on-year in March, following a 4.3 percent decrease in February.

Manufacturing output rose 1.2 percent and mining sector production increased 6.1 percent. Utility sector output shrank 3.7 percent.

Excluding energy, output grew at a slower pace of 1.6 percent compared to 3.1 percent in February last year.

On a monthly basis, industrial production increased 4.3 percent in March, after a 0.8 percent gain in the preceding month.