In the fourth quarter, GDP fell 1.3% over the previous period, according to a flash estimate released by Statistics Portugal on 14 February. The decline more than doubled the 0.6% contraction recorded in the third quarter, but was slightly better than market expectations of a 1.5% decline. The reading represents the Portuguese economy's fifth consecutive negative quarter. Detailed and more complete data will be published on 7 March. In annual terms, GDP contracted 2.7%, down from the 1.8% decline recorded in the third quarter. According to Statistics Portugal, the fourth quarter deterioration reflected a significant decline in domestic demand's contribution to overall growth, primarily caused by a shaper contraction in both private consumption and investment. Exports, on the other hand, continued to expand at a strong pace in annual terms. Based on preliminary data, the economy contracted 1.5% in the full year 2011, contrasting the 1.4% expansion recorded in 2010. The government anticipates the economy to contract 3.3% this year.
Economy plunges in Q4
February 14, 2012
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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
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.
August 30, 2016
Portugal’s industrial production edged down again in July after June’s rebound.