Industrial Production in Portugal increased 3 percent year-on-year in May of 2022, the biggest increase since June last year, prompted by a 12.3% jump in mining activity and a rebound of 3.9% in the manufacturing sector. On the other hand, utilities output declined for a 10th consecutive month (-3.1%). Compared to April, industrial production declined 0.6%. source: Statistics Portugal

Industrial Production in Portugal averaged -1.04 percent from 2005 until 2022, reaching an all time high of 37.20 percent in April of 2021 and a record low of -29.70 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 July of 2022.

Industrial Production in Portugal is expected to be 4.40 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 3.80 percent in 2023 and 2.60 percent in 2024, according to our econometric models.

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Portugal Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-06-01 10:00 AM Apr -1.8% 0.7% 1.2%
2022-07-01 10:00 AM May 3% -1.3% -0.8%
2022-08-02 10:00 AM Jun 3%


Related Last Previous Unit Reference
Business Confidence 1.90 2.00 points Jun 2022
Industrial Production Mom -0.60 -2.10 percent May 2022
Industrial Production 3.00 -1.30 percent May 2022
Manufacturing Production 3.90 -1.00 percent May 2022
Capacity Utilization 82.41 82.60 percent Mar 2022
New Orders 112.60 111.00 points Dec 2013
Changes in Inventories -36.82 -82.68 EUR Million Mar 2022
Mining Production 12.30 8.90 percent May 2022

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
3.00 -1.30 37.20 -29.70 2005 - 2022 percent Monthly
SA, WDA 2015=100

News Stream
Portugal Industrial Output Rebounds
Industrial Production in Portugal increased 3 percent year-on-year in May of 2022, the biggest increase since June last year, prompted by a 12.3% jump in mining activity and a rebound of 3.9% in the manufacturing sector. On the other hand, utilities output declined for a 10th consecutive month (-3.1%). Compared to April, industrial production declined 0.6%.
2022-07-01
Portugal Industrial Production Back to Contraction
Industrial Production in Portugal decreased 1.8% year-on-year in April of 2022, following an upwardly revised 0.7% rise in March. Manufacturing output went down by 1.5% and utilities 4% while mining jumped 9.5%. Compared to the previous month, industrial output dropped 2%.
2022-06-01
Portugal Industrial Output Rebounds Slightly
Industrial production in Portugal went up by 0.5 percent year-on-year in March of 2022, recovering from a downwardly revised 4.1 percent slump in the previous month. It was the first increase in industrial activity in 2022, underpinned by the production of durable goods (9.5 percent vs 6.2 percent) and intermediate goods (3.52 percent vs 2.7 percent). At the same time, output dropped at a softer pace for energy (-4.6 percent vs -32.5 percent) and capital goods (-6.0 percent vs -6.3 percent). On the other hand, production rose less for consumer goods (3.1 percent vs 7.9 percent), particularly non-durable goods (2.2 percent vs 8.1 percent). On a monthly basis, industrial production grew 4.3 percent, following an upwardly revised 0.8 percent increase in the preceding month.
2022-05-03