Portugal Industrial Output Climbs Further; Retail Sales Growth Improves

(RTTNews) - Portugal's industrial production increased for the second straight month in September, while retail sales growth accelerated, figures from Statistics Portugal showed Friday.

Industrial production climbed 1.8 percent year-over-year in September, following a 2.1 percent gain in August.

Manufacturing production rebounded 0.2 percent from August, when it fell by 1.1 percent.

Month-on-month, industrial production dropped at a steady pace of 0.4 percent in September.

In an another report, the statistical office revealed that retail sales grew at a faster pace of 3.1 percent annually in September after a 2.9 percent climb in the prior month. The measure has been rising since January.

On a monthly basis, retail sales dipped 2.0 percent in September, in contrast to a 0.4 percent increase in August. It was the first decline in four months.