Latest reading: Industrial production declined 4.1% on a seasonally adjusted month-on-month basis in August, following a 0.4% rise in the...
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 2025 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 production falls at softer clip in July
Latest reading: Industrial production fell 1.5% in a calendar and seasonally adjusted month-on-month terms in July, following a 3.7% drop in the previous month. Relative to the previous month's data, production readings in July improved for electricity, gas, steam and air conditioning supply (+1.1% vs -20.3% in June) and mining and quarrying (+17.8% vs -3.1% in June). In contrast, the reading for manufacturing worsened in July (-2.4% vs -0.4% in June). On a calendar and seasonally adjusted month-on-month basis, industrial production increased 2.3% in July, following a 3.0% increase in the prior month.
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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