Latest reading: Industrial production fell 0.7% on a year-on-year basis in September, following a 4.4% decline in the previous month....
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 2014 to 2025.
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 rebounds in August
Latest reading: Industrial production rose 1.6% in calendar and seasonally adjusted month-on-month terms in August, following a 0.6% decline in the previous month. Relative to the prior month's data, readings in August improved for manufacturing (+1.7% in calendar and seasonally adjusted month-on-month terms vs -1.4% in July) and electricity, gas, steam and air conditioning supply (+4.0% vs +1.1% in July). In contrast, the reading for mining and quarrying worsened in August (-15.7% vs +17.6% in July). On an annual basis, industrial production was up 3.1% in August, following a 2.4% rise 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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