FX.co ★ Portugal Industrial Output Rises for 3rd Month

In July 2025, Portugal experienced a 2.3% year-on-year increase in industrial production, building on a previously revised growth of 3% in June. This marks the third consecutive month of steady expansion in industrial activity, driven largely by sectors such as energy, which saw a 16.1% increase compared to 20% in June; capital goods with a rise of 3% compared to 1.6%; and intermediate goods, which grew by 2.5% after a decline of 0.4% in the previous month. Conversely, production in the consumer goods sector fell by 4.1%, following a modest increase of 0.7% previously. When excluding the Energy sector, the industrial index recorded a minimal rise of 0.1%, down from 0.5% in the preceding month. On a month-to-month basis, industrial output decreased by 1.5% in July, after undergoing a revised drop of 3.7% in June.