In the first quarter, GDP fell 0.1% over the previous quarter, according to a flash estimate released by Statistics Portugal on 15 May. The decline was only a fraction of the 1.3% contraction recorded in the fourth quarter and widely undershot market expectations of a 1.0% fall. That said, the reading represents the sixth consecutive quarter of contraction for the Portuguese economy. Detailed and more complete data will be published on 8 June. In annual terms, GDP contracted 2.2%, an improvement over the 2.9% decline recorded in the final quarter of 2011. According to Statistics Portugal, the first quarter reading reflected a reduction in the negative contribution of domestic demand to overall growth. On the other hand, the net contribution from the external sector declined, as imports improved more than exports.
Q1 contraction milder than expected
May 15, 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
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.