Portugal’s industrial production rose 0.3% year-on-year in November 2025, rebounding from a 0.4% decline in October, supported by smaller contractions in energy output (-2.8% vs -15.4% in October) and intermediate goods production (-2.2% vs -4.5%). However, growth in other areas softened, with consumer goods output up 0.7% (compared with 2.6% in October) and capital goods rising 2.7% (down from 6.1%). On a monthly basis, industrial production fell sharply by 3% in November, following three consecutive months of expansion.