Portugal: GDP rebounds in Q2 and expands at the fastest pace since Q2 2013
August 14, 2014
In Q2, GDP expanded 0.6% over the previous quarter according to the flash estimate released by Statistics Portugal on 14 August. The increase contrasted the 0.6% contraction tallied in Q1 and marked the highest growth rate in four quarters. On an annual basis, GDP expanded 0.8%, which was down from the 1.3% rise recorded in Q1.
According to Statistics Portugal, the Q2 expansion came on the back of a positive, albeit more moderate, contribution from domestic demand and a smaller negative contribution from the external sector.