FX.co ★ Portugal’s Industrial Production Accelerates in December

In December 2025, Portugal experienced an acceleration in industrial production growth, registering a 2.3% year-on-year increase compared to a 0.3% rise in November. This marks the most robust growth over the past three months. Energy production showed a remarkable recovery with a 19.0% increase, reversing a two-month downturn. The production of durable consumer goods improved by 0.3%, breaking a nine-month decline. However, the growth of non-durable consumer goods slowed to 0.3%, down from 1.6% in November, and intermediate goods saw a slight decrease in growth to 2.5% from 2.8%. Meanwhile, the output of capital goods continued its downward trend for the third straight month, dropping by 4.9% compared to a 2.1% decline previously. On a month-to-month basis, industrial production fell by 1.9% in December, following a 3.1% decrease in November.