Portugal: GDP growth moderates slightly in Q1 2015
May 13, 2015
In Q1 2015, GDP expanded 0.4% over the previous quarter according to a flash estimate released by Statistics Portugal on 13 May. The result came in slightly below the 0.5% increase tallied in Q4 2014 and marked the fourth consecutive quarter of growth.
On an annual basis, GDP expanded 1.4% in Q1 2015, which was above the 0.7% expansion observed in Q4 2014 and marked the highest reading in over four years. More detailed data are scheduled to be released on 29 May.
Author: Eric Denis , Economist