Industrial production in Portugal rose by 2.3% year-on-year in July 2025, following an upwardly revised 3% increase in the prior month. This marked the third consecutive month of modest growth in industrial activity, supported by energy (16.1% vs 20% in June); capital goods (3% vs 1.6%) and intermediate goods (2.5% vs -0.4%). However, production declined for consumer goods (-4.1% vs 0.7%). Excluding the Energy group, the index increased by 0.1%, down from 0.5% in the previous month. On a monthly basis, industrial output shrank by 1.5% in July, after a revised 3.7% decline in the preceding month.