Lisbon, Portugal street

Portugal Industrial production March 2024

Portugal: Industrial output growth surges in March

Industrial output rose 2.6% in month-on-month seasonally adjusted terms in March, which was up from February’s 0.3% increase. Looking at the details of the release, the upturn chiefly reflected surging output in the electricity, gas, steam and air conditioning supply sector. Moreover, mining output contracted at a softer monthly pace. In contrast, manufacturing fell at a steeper rate compared to February.

On an annual basis, factory output grew 3.5% in seasonally adjusted terms in March (February: +0.8% yoy), marking the best result in over one-and-a-half years. Accordingly, the trend pointed up, with the annual average variation of industrial production coming in at minus 3.1%, up from February’s minus 3.5%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest