Lisbon, Jan. 6, 2026 (Lusa) - Industrial production grew 0.3% in Portugal in November compared to the same month in 2024, outperforming October, according to data released on Tuesday by the National Statistics Institute (INE).
The year-on-year change in the industrial production index was 0.7 percentage points higher than in October, the month when the index fell by 0.4%, according to the INE in its statistical note.
"Excluding the energy group, the aggregate index changed by 0.8%," the institute said.
In this case, the performance is lower than that recorded in October, month in which the difference compared to the same month of the previous year was 2.3%.
In the manufacturing industries, there was a 1.0% drop in the production index, after no change in October.
The INE notes that ‘the large industrial groups showed mixed developments’.
Intermediate goods (goods originating from a company's production process but intended for use in subsequent production processes) "recorded the biggest slowdown, falling from a rate of change of 6.1% in October to 2.7% in November", but still "made the most influential contribution to the change in the total index", of 0.9 percentage points.
The consumer goods group "also made a positive contribution (0.2 percentage points), as a result of a year-on-year variation of 0.7%", lower than the 2.6% in October.
The energy and investment goods groups made a negative contribution. Both contributed "-0.4 percentage points, as a result of variation rates of -2.8% and -2.2%," after -15.4% and -4.5% in the previous month, respectively, according to INE.
While there was a year-on-year increase in the industrial production index, the monthly variation from October to November was negative, with a 3.0% drop, contrasting with the positive variation of 0.8% recorded from September to October.
The index is compiled by INE with the aim of "measuring changes in production volume at short and regular intervals" and is calculated from the monthly industrial production survey, carried out electronically by "statistical units selected from companies based in the national territory,’" explains INE in its statistical summary.
The data released on Tuesday includes information sent to INE up to 30 December 2025.
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