Portugal's industrial production expanded strongly after a renewed decline in the previous month, figures from Statistics Portugal showed on Monday.
Industrial production advanced 3.2 percent year-on-year in March, reversing a 3.9 percent fall in February. Moreover, this was the quickest growth in seven months.
The rise in March was mainly driven by a 4.1 percent rebound in the manufacturing sector.
Production of capital goods recovered sharply by 6.4 percent from last year, and those of intermediate goods advanced by 5.2 percent. Similarly, consumer goods production also logged a renewed growth of 3.6 percent.
Excluding the energy grouping, industrial production rose 4.9 percent annually versus a 7.1 percent fall a month ago.
On a monthly basis, industrial production climbed 3.2 percent, in contrast to a 0.3 percent decrease in February.
Separate official data showed that the annual retail sales growth accelerated to 5.5 percent in March from 2.8 percent in February.
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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.