Industrial production in Portugal jumped 5.0 percent year-on-year in March of 2021, following an upwardly revised 2.8 percent fall in the previous month, as lockdown restriction started to be lifted after the immense surge in infections earlier this year. It was the highest growth rate since August of 2017, as output rebounded significantly for both intermediate goods (8.3 percent vs -2.8 percent in February), capital goods (7.6 percent vs -9.1 percent), and for consumption goods (3.5 percent vs -9.3 percent). Regarding the latter, it is relevant to distinguish that production increased greatly for durable goods (44.8 percent vs -4.2 percent), while for non-durables it has just flattened (-0.2 percent vs -9.9 percent). Lastly, energy production has stabilized after soaring in the previous month (0.3 percent vs 16.1 percent). On a seasonally adjusted monthly basis, industrial activity declined 0.9 percent, after a downwardly revised 1.1 increase in February. source: Statistics Portugal

Industrial Production in Portugal averaged -1.39 percent from 2005 until 2021, reaching an all time high of 10.10 percent in August of 2017 and a record low of -28.90 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 May of 2021.

Industrial Production in Portugal is expected to be 11.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Portugal to stand at 5.10 in 12 months time. In the long-term, the Portugal Industrial Production is projected to trend around 2.60 percent in 2022, according to our econometric models.

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Portugal Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
5.00 -2.80 10.10 -29.70 2005 - 2021 percent Monthly
SA, 2015=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-29 11:00 AM Dec -4.4% -3.2% -2.8%
2021-03-02 11:00 AM Jan -6.5% -4.6% -4.8%
2021-03-30 10:00 AM Feb -2.4% -6.2% -4.9%
2021-04-30 10:00 AM Mar 5.0% -2.8% 5.5%
2021-06-01 10:00 AM Apr 5.0%
2021-06-30 10:00 AM May
2021-08-02 10:00 AM Jun
2021-09-01 10:00 AM Jul
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Portugal Industrial Output Growth at 3-1/2-Year High
Industrial production in Portugal jumped 5.0 percent year-on-year in March of 2021, following an upwardly revised 2.8 percent fall in the previous month, as lockdown restriction started to be lifted after the immense surge in infections earlier this year. It was the highest growth rate since August of 2017, as output rebounded significantly for both intermediate goods (8.3 percent vs -2.8 percent in February), capital goods (7.6 percent vs -9.1 percent), and for consumption goods (3.5 percent vs -9.3 percent). Regarding the latter, it is relevant to distinguish that production increased greatly for durable goods (44.8 percent vs -4.2 percent), while for non-durables it has just flattened (-0.2 percent vs -9.9 percent). Lastly, energy production has stabilized after soaring in the previous month (0.3 percent vs 16.1 percent). On a seasonally adjusted monthly basis, industrial activity declined 0.9 percent, after a downwardly revised 1.1 increase in February.
2021-04-30
Portugal Industrial Output Sinks as Lockdown Continues in February
Industrial production in Portugal was down 2.4 percent year-on-year in February of 2021, following a downwardly revised 6.2 percent fall in January as the nationwide coronavirus lockdown continued. Production fell for nondurables (-10.7 percent), capital goods (-5.5 percent), intermediate goods (-3 percent) and durable goods (-1.9 percent). In contrast, production rose for energy (16.1 percent). On a seasonally adjusted monthly basis, industrial activity went up 1.2 percent, rebounding from a 1.1 percent fall in January.
2021-03-30
Portugal Industrial Production Slides Steeper in January
Industrial production in Portugal fell 6.5 percent year-on-year in January of 2021, following an upwardly revised 4.6 percent drop in the previous month, amid the new nationwide lockdown. It is the worst contraction in industrial production since July of 2020, dragged by lower production of intermediate goods (-3.2 percent vs 5.5 percent) and consumer goods (-5.9 percent vs -2.3 percent). Meanwhile, production decreased less for capital goods (-10.9 percent vs -14.1 percent) and energy (-9.4 percent vs -16.1 percent). On a seasonally adjusted monthly basis, industrial activity declined 1.3 percent, after a 1.8 percent increase in the previous month.
2021-03-02
Portugal Industrial Output Shrinks in November
Industrial production in Portugal fell 3.6 percent year-on-year in November of 2020, following an upwardly revised 0.4 percent increase in the previous month, halting three consecutive months of gains. Biggest donward contribution came from energy production (-10.3 percent vs 12.6 percent in October); capital goods (-8.2 percent vs -3.1 percent) and non-durable consumer goods (-2.9 percent vs -5.7 percent). Meanwhile, production went up for intermediate goods (1.1 percent vs -0.6 percent) and durable consumer goods (6.2 percent vs 14.1 percent). On a seasonally adjusted monthly basis, industrial activity declined 5 percent, after an upwardly revised 1.2 percent increase in the previous month.
2020-12-30

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.