Latest reading: Industrial output—excluding energy—nosedived 6.6% in month-on-month seasonally adjusted terms in July, which contrasted June’s 7.3% increase. The result...
Industrial Production in Portugal
The Portuguese economy recorded an average industrial production growth rate of -0.1% in the decade to 2024. In 2024, industrial production growth was 0.7%. For more industry information, visit our dedicated page.
Portugal Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Portugal from 2014 to 2024.
Source: Macrobond.
Portugal Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -7.8 | 3.6 | 0.7 | -3.1 | 0.7 |
Industrial output deteriorates in June
Latest reading: Industrial production dropped 3.6% month-on-month in seasonally adjusted terms in June (May: +2.2% mom s.a.). The reading reflected a broad-based downturn across the major sectors, with manufacturing, plus electricity, gas, steam and air conditioning supply, and mining and quarrying all contracting in June. On an annual basis, industrial output increased 2.9% in seasonally adjusted terms in June, which was below May’s 3.0% expansion. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 0.4% in June, up from May's minus 0.9%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Portuguese industry projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Portuguese industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Portuguese industry projections.
Want to get access to the full dataset of Portuguese industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
-
Sweden: Industrial output contracts at sharpest pace in seven months in July -
Argentina: Industrial activity contracts at sharpest rate since November 2024 in July Latest reading: Industrial output slid 1.1% compared to the same month a year earlier in July, which contrasted June’s 9.4%... -
Norway: Industrial output rebounds in July Latest reading: Industrial output increased 0.4% month on month in seasonally adjusted terms in July (June: -0.1% mom s.a.). Looking... -
Latvia: Industrial output grows at fastest pace since May 2021 in July Latest reading: Industrial output grew 9.8% year on year in July (June: +7.2% yoy). The figure marked the best reading... -
Croatia: Industrial activity drops at sharpest pace since November 2024 in July Latest reading: Industrial output fell 1.0% year on year in working-day adjusted terms in July (June: +2.1% yoy). July’s outturn... -
Estonia: Industrial output growth slows in July Latest reading: Industrial output expanded 0.7% year on year in seasonally and calendar-adjusted terms in July, which was a deterioration... -
Serbia: Industrial output growth picks up pace in July Latest reading: Industrial output expanded 5.5% compared to the same month of the previous year in July, which was above...