Portugal’s industrial production rose 2.9% year-on-year in June 2025, slightly easing from an upwardly revised 3.0% gain in the previous month. The increase was driven by a recovery in consumer goods output (+0.7% vs -0.8% in May) and a further surge in energy production (+20.0% vs +18.0%). However, intermediate goods output declined (-0.6% vs +0.6%), while growth in capital goods moderated (+1.5% vs +1.7%). On a monthly basis, industrial output declined 3.6% in June, reversing a revised 2.2% increase in May.