Latest reading: Manufacturing output grew 1.9% compared to the same month a year earlier in May, matching April’s increase. Looking...
Industrial Production in Portugal
The Portuguese economy recorded an average industrial production growth rate of 1.4% 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 recovers tepidly in April
Latest reading: Industrial output rebounded by 1.2% month on month in seasonally adjusted terms in April, contrasting March's 3.9% contraction. April's reading was largely driven by recovering output for manufacturing plus mining and quarrying. Less positively, energy supply growth plummeted. On a seasonally adjusted annual basis, industrial output fell at a softer pace of 2.2% in seasonally adjusted terms in April, improving from March’s 5.4% decline. Still, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.0% in April, deteriorating from March's 0.3% fall.
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.
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