Portugal’s industrial output growth slowed to 1.2% year-on-year in January 2026, down from a downwardly revised 1.7% in December. Growth moderated across intermediate goods (1.6% vs 2.3%) and energy (11.4% vs 19.0%), while declines persisted in consumer goods (-2.5% vs -0.5%) and capital goods (-1.4% vs -6.0%). On a monthly basis, however, industrial production rebounded 4.2% in January following two consecutive months of sharp declines. source: Statistics Portugal

Industrial Production in Portugal increased 1.20 percent in January of 2026 over the same month in the previous year. Industrial Production in Portugal averaged -0.90 percent from 2005 until 2026, reaching an all time high of 41.60 percent in April of 2021 and a record low of -32.00 percent in April of 2020. This page provides - Portugal Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.

Industrial Production in Portugal increased 1.20 percent in January of 2026 over the same month in the previous year. Industrial Production in Portugal is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Industrial Production is projected to trend around 1.50 percent in 2027 and 1.70 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-02 11:00 AM
Industrial Production YoY
Dec 2.3% 0.3% 0.8%
2026-03-02 11:00 AM
Industrial Production YoY
Jan 1.2% 1.7% 2.7%
2026-03-31 10:00 AM
Industrial Production YoY
Feb 1.2%


Related Last Previous Unit Reference
Business Confidence 2.90 3.00 points Feb 2026
Capacity Utilization 83.30 81.70 percent Mar 2026
Changes in Inventories -374.94 191.21 EUR Million Dec 2025
Industrial Production YoY 1.20 1.70 percent Jan 2026
Industrial Production MoM 4.20 -2.20 percent Jan 2026
Manufacturing Production -1.70 -1.80 percent Jan 2026
Mining Production 41.60 14.20 percent Jan 2026


Portugal Industrial Production
In Portugal, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 93.9 percent of total production. The biggest segments within Manufacturing are: food products (13 percent of total production); coke, refined petroleum products and fuels (10 percent); motor vehicles, trailers and semi-trailers (9 percent); metal products, except machinery and equipment (7 percent); chemicals and synthetic or artificial fibers, except pharmaceuticals (5 percent); rubber and plastic products (5 percent); and paper products (5 percent). Electricity, gas, steam and air conditioning supply account for 5 percent of total output and water supply, sewerage and waste management account for 1 percent.
Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.70 41.60 -32.00 2005 - 2026 percent Monthly
SA, WDA 2015=100

News Stream
Portugal Industrial Output Growth Slows in January
Portugal’s industrial output growth slowed to 1.2% year-on-year in January 2026, down from a downwardly revised 1.7% in December. Growth moderated across intermediate goods (1.6% vs 2.3%) and energy (11.4% vs 19.0%), while declines persisted in consumer goods (-2.5% vs -0.5%) and capital goods (-1.4% vs -6.0%). On a monthly basis, however, industrial production rebounded 4.2% in January following two consecutive months of sharp declines.
2026-03-02
Portugal’s Industrial Production Accelerates in December
Portugal’s industrial production growth accelerated to 2.3% year-on-year in December 2025, up from 0.3% in November, marking the strongest pace in three months. Energy output surged 19.0%, reversing two months of declines, while durable consumer goods rose 0.3%, ending a nine-month contraction. Growth slowed for non-durable consumer goods (0.3% vs 1.6% in November) and intermediate goods (2.5% vs 2.8%), and capital goods output fell for a third consecutive month (-4.9% vs -2.1%). On a monthly basis, industrial production declined 1.9% in December, following a 3.1% drop in November.
2026-02-02
Portugal Industrial Production Edges Up in November
Portugal’s industrial production rose 0.3% year-on-year in November 2025, rebounding from a 0.4% decline in October, supported by smaller contractions in energy output (-2.8% vs -15.4% in October) and intermediate goods production (-2.2% vs -4.5%). However, growth in other areas softened, with consumer goods output up 0.7% (compared with 2.6% in October) and capital goods rising 2.7% (down from 6.1%). On a monthly basis, industrial production fell sharply by 3% in November, following three consecutive months of expansion.
2026-01-06