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Portugal Industrial production December 2022

Portugal: Industrial output bounces back in December

Industrial output expanded 2.5% year on year in seasonally-adjusted terms in December, which contrasted November’s 0.2% decrease. December’s figure was driven by rebounds in manufacturing and in electricity, gas, steam and air conditioning output.

On a monthly basis, industrial production rose 4.1% in seasonally adjusted terms in December, which was above November’s 3.8% expansion and marked the best result since March. Meanwhile, annual average industrial production growth rose to 0.4% in December (November: +0.3%). This signals an improving trend in the industrial sector.

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