Eurozone industrial production increased 1.8% in November, the largest rise since May 2010. Additionally, economic confidence in the region rose in December to the highest since July 2011.

Nevertheless, the area suffers from high unemployment rate of a record 12.1%. Analysts expect the Eurozone to grow 1% this year, compared to 2.6% for the U.S.

Global X FTSE Portugal 20 ETF

For more information on Portugal, visit our Portugal category.

Max Chen contributed to this article.