Official Portal - Statistics Portugal

Industry Turnover Index grew 3.5%
Business turnover, employment, wage and hours worked indices in industry
Industry Turnover Index grew 3.5% - March 2023
09 May 2023


The Industry Turnover Index nominal and year-on-year change rate was 3.5% in March (4.1% in the previous month). Excluding the Energy grouping, sales in industry rose 8.2% (7.2% in February). Domestic market index decreased 1.0%, whereas non-domestic market increased 9.9% (1.1% and 8.1%, respectively, in the previous month). Note that March 2023 had four working days more than the previous month and one more than March 2022.

In the 1st quarter 2023, industrial turnover year-on-year change rate grew 6.4%, after a growth of 14.3% in the previous quarter, reflecting the slowdown in industrial producer prices (change rate of 6.3% in the 1st quarter, 13.6% in the 4th quarter 2022). 

Year-on-year change rates of employment, wages and salaries and hours worked (adjusted of calendar effects) were, respectively, 1.2%, 7.4% and 5.1% (1.6%, 9.0% and -0.4% in February).

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