Portugal: Industrial output growth notches a 12-month high in November
Industrial output increased 3.5% in month-on-month seasonally adjusted terms in November, which was above October’s 3.4% increase. The result marked the best reading since November 2022. The rise chiefly reflected an improvement in manufacturing output growth. In contrast, energy supply production and mining output weakened.
On an annual basis, industrial output dropped 1.1% in seasonally adjusted terms in November, matching October’s fall. Meanwhile, the annual average contraction in industrial production was unchanged at October’s 2.2% in November.