Industrial production in Portugal slumped 7.1 percent year-on-year in April 2023, following a 0.8 percent decrease in the previous month. It was the largest decline in factory activity since August 2021, driven by a steeper decline in output of energy (-18.1 percent vs 16.4 percent in March), consumer goods (-7.1 percent vs -0.8 percent) and intermediate goods (-5.6 percent vs -4.3 percent). Also, production on investment goods slowed (4.2 percent vs 7.3 percent). On a monthly basis, industrial output dropped 5.6 percent, after a 0.3 percent fall in March. source: Statistics Portugal

Industrial Production in Portugal averaged -0.97 percent from 2005 until 2023, 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 June of 2023.

Industrial Production in Portugal is expected to be -4.20 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 1.10 percent in 2024 and 1.80 percent in 2025, according to our econometric models.

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Portugal Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-05-03 10:00 AM Mar -4.4% 1.5% 0.5%
2023-06-01 10:00 AM Apr -7% -3.6% -2.2%
2023-06-30 10:00 AM May -7%


Related Last Previous Unit Reference
Business Confidence 2.00 2.20 points May 2023
Industrial Production Mom -5.60 -0.30 percent Apr 2023
Industrial Production -7.00 -3.60 percent Apr 2023
Manufacturing Production -4.99 -2.60 percent Apr 2023
Capacity Utilization 82.87 81.15 percent Mar 2023
New Orders 112.60 111.00 points Dec 2013
Changes in Inventories -435.47 38.59 EUR Million Mar 2023
Mining Production 7.38 10.50 percent Apr 2023

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
-7.00 -3.60 37.20 -29.70 2005 - 2023 percent Monthly
SA, WDA 2015=100

News Stream
Portugal Industrial Output Falls Most since August 2021
Industrial production in Portugal slumped 7.1 percent year-on-year in April 2023, following a 0.8 percent decrease in the previous month. It was the largest decline in factory activity since August 2021, driven by a steeper decline in output of energy (-18.1 percent vs 16.4 percent in March), consumer goods (-7.1 percent vs -0.8 percent) and intermediate goods (-5.6 percent vs -4.3 percent). Also, production on investment goods slowed (4.2 percent vs 7.3 percent). On a monthly basis, industrial output dropped 5.6 percent, after a 0.3 percent fall in March.
2023-06-01
Portugal Industrial Output Falls the Most Since 2021
Portugal's industrial production saw a decrease of 4.4 percent year-on-year in March 2023, following three months of consecutive growth. It was the largest decline in output since October 2021, driven by a 16.3 percent fall in energy production (vs 22.1 percent in February) and a 5.2 percent decrease in intermediate goods output (vs -1.7 percent). Additionally, consumer goods production also declined by 2.5 percent (vs -4.3 percent). On a brighter note, capital goods output grew by 7.7 percent, marking the highest increase since September of the previous year. On a monthly basis, industrial production declined by 1.1 percent in March, marking the third consecutive month of contraction.
2023-05-03
Portugal Industrial Output Growth Slowed to 1.8% in February
Industrial production in Portugal increased 1.8 percent year-on-year in February 2023, easing from an upwardly revised 4.7 percent rise in the previous month. Output slowed for capital goods (3.9 percent vs 5.9 percent in January) and production fell for both consumer goods (-3.5 percent vs 3 percent) and intermediate goods (-1.8 percent vs -0.5 percent). On the other hand, output accelerated for energy (22.1 percent vs 18.6 percent). On a monthly basis, industrial production fell 2 percent, following a 2.1 percent decline in January.
2023-04-03