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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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.