FX.co ★ Portugal Industrial Output Slips in October

In October 2025, Portugal experienced a 0.9% year-on-year decrease in industrial production, a reversal from the revised 2.4% increase observed in the prior month. This marks the first decline since April, primarily due to a significant drop in energy output, which fell by 16.1%, compared to a 15.1% increase in September. Production in capital goods continued its downward trend, decreasing by 4.4% following a 0.9% fall previously. Conversely, the production of intermediate goods saw an acceleration, rising by 5.5% from 3%, and consumer goods production rebounded with a 1.2% increase compared to a 1.1% decrease earlier. On a month-to-month basis, industrial activity growth decelerated to 0.4% in October, from a revised 0.9% in the preceding month.