Lisbon, Portugal street

Industry in Portugal

Portugal Industry

Decline in industrial output softens in May

Industrial production slid 4.5% year on year in seasonally-adjusted terms in May (April: -6.9% s.a. yoy). The improvement was partly due to a weaker contraction in manufacturing production. In addition, electricity, gas, steam and air conditioning supply output continued to fall at a sharp pace.

On a monthly basis, industrial output rose 2.0% in seasonally adjusted terms in May, contrasting April’s 5.7% fall and marking the best result since December 2022. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at 0.0%, down from April’s plus 0.6% reading.

Portugal Industry Chart

This chart displays Industrial Production (annual variation in %) for Portugal from 2013 to 2022.

Portugal Industry Data

2018 2019 2020 2021 2022
Industrial Production (ann. var. %) 0.1 -2.3 -7.0 3.0 0.3

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