Portugal Economic Outlook
September 27, 2016Portugal’s economy expanded for the ninth consecutive quarter in Q2, though growth remained tenuous. The economy grew a revised 0.3% in seasonally-adjusted terms over the previous quarter, a tick up from both the previously reported 0.2% and Q1’s expansion. A solid improvement in exports, which revived the weak external sector, and a strong restocking process were the main drivers behind Q2’s acceleration. Portugal is under close observation by the European Commission (EC), since its underperforming economy lacks important investment and insufficient structural reforms could undermine the country’s ability to meet the fiscal targets set by the EC. The Commission is requiring Portugal to implement bold consolidation measures totaling EUR 450 million by 15 October, in order to meet the agreed 2.5% of GDP fiscal deficit for 2016. Otherwise the EC sees that the deficit will increase to 2.7% of GDP.
Portugal Economy Data
5 years of Portugal economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.20||0.09 %||Oct 20|
|Exchange Rate||1.09||-0.38 %||Oct 20|
|Stock Market||4,737||0.30 %||Oct 20|
Portugal Economic Growth
September 27, 2016The Portuguese economic outlook is weak. Falling investment, low competitiveness and undercapitalized banks will continue to weigh on growth, and the country’s strapped public finances give the government little room for maneuver. Analysts expect GDP to expand 1.0% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, they foresee the economy accelerating slightly to 1.2%.
Portugal Economic News
September 30, 2016
Portugal’s industrial production edged up in August after July’s drop.
September 29, 2016
The survey of consumer sentiment produced by the National Statistical Institute showed that the consumer confidence index inched up from minus 12.7 points in August to minus 11.3 points in September.
August 31, 2016
Portugal’s GDP increased a seasonally adjusted 0.3% in Q2 over the previous quarter, according to revised data published by the National Statistics Institute on 31 August.
August 30, 2016
Portugal’s industrial production edged down again in July after June’s rebound.
August 30, 2016
The survey of consumer sentiment produced by the National Statistical Institute showed that the consumer confidence index inched up from minus 13.1 points in July to minus 12.7 points in August.