Portugal’s industrial production fell 2.3% year-over-year in May 2026, following no change in April, led by energy (-9.7% vs -17.2%), durable consumer goods (-1.5% vs 5.9%), and non-durable consumer goods (-3.1% vs 2.4%).
Growth also slowed for intermediate goods (0.8% vs 5.7%) and capital goods (0.3% vs 1.9%).
Month-over-month, industrial activity rose 0.9% in May, recovering from a 2.7% drop in April.