Portugal’s industrial production growth accelerated to 3.1% year-on-year in August 2025, up from a revised 2.4% in July. The production of capital goods surged 7.2%, compared with a 2.7% increase in the previous month, while consumer goods declined at a slower pace (-3.2% vs -3.8%). Growth eased for both energy (15.5% vs 16.1%) and intermediate goods (1.6% vs 2.8%). On a monthly basis, industrial production rose 1.6%, rebounding after two consecutive months of contraction.