Wednesday, the Statistics Portugal announced that the industrial production dropped 7.6% year-on-year in November, compared to the 5.4% fall in the previous month.
Meanwhile, manufacturing production decreased 6.6% on an annual basis in November, after falling 5.8% in October.
On a monthly basis, industrial output dropped 3.7% in November, after falling 1.7% in October.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.