Portugal: GDP moderates slightly in Q3
November 14, 2014
In Q3, GDP expanded 0.2% over the previous quarter according to the flash estimate released by Statistics Portugal on 14 November. The increase was slightly below the 0.3% increase tallied in Q2 and marked the second consecutive quarter of growth. According to Statistics Portugal, the Q3 expansion came on the back of an increase in household consumption.
On an annual basis, GDP expanded 1.0%, which followed the 0.9% rise in Q2 and marked the largest growth rate in three quarters. More detailed data is set to be released on 28 November.