Latest reading: Manufacturing output contracted by 3.9% compared with the same month a year earlier in December 2025, moderating from...
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 shrinks in November
Latest reading: Industrial production fell 3.0% in calendar- and seasonally adjusted month-on-month terms in November, following 0.8% growth in the previous month. Relative to the prior month's figures, readings in November worsened for manufacturing (-4.0% on a calendar and seasonally adjusted month-on-month basis vs +2.7% in October) and mining and quarrying (-14.0% vs +2.2% in October). In contrast, the reading for electricity, gas, steam and air conditioning supply improved in November (+6.8% vs -11.2% in October). On a working day and seasonally adjusted year-on-year basis, industrial production increased 0.3% in November, following a 0.4% fall in the previous 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.
Latest Global Industrial production News
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Argentina: Manufacturing production contracts again in December -
Japan: Industrial production contracts less quickly in December Latest reading: Industrial production declined 0.1% in seasonally adjusted month-on-month terms in December, following a 2.7% fall in the prior... -
Serbia: Industrial production shrinks more quickly in December Latest reading: Industrial production was down 5.7% on a year-on-year basis in December, following a 3.4% fall in the previous... -
Croatia: Industrial production loses steam in December Latest reading: Industrial production was up 4.5% in working day adjusted year-on-year terms in December, following 8.7% growth in the... -
Lithuania: Industrial production accelerates in December Latest reading: Industrial production was up 3.6% in annual terms in November, following 2.1% growth in the prior month. Relative... -
Poland: Industrial production rebounds in December Latest reading: Industrial production was up 7.3% in annual terms in December, following a 1.1% fall in the previous month.... -
Italy: Industrial production returns to growth in November Latest reading: Industrial production was up 1.5% in seasonally adjusted month-on-month terms in November, following a 1.0% fall in the...