Imports G&S in Portugal
Portugal - Imports Goods and Services
GDP records largest drop on record in Q1 on Covid-19 impact
GDP plunged 3.8% in seasonally-adjusted, quarter-on-quarter terms in Q1 2020 (Q4 2019: +0.7% s.a. qoq), marking the steepest fall on record as Covid-19 started to take its toll.
Private consumption sank 3.0% s.a. qoq in Q1, contrasting the 0.1% uptick logged in the previous quarter amid lockdown measures and suspension of business activity. Government consumption fell 0.7% in Q1 (Q4 2019: +0.5% s.a. qoq). Meanwhile, fixed investment bounced back after three consecutive quarters of decline, growing 1.8% in Q1 (Q4 2019: -0.9% s.a. qoq).
Exports of goods and services collapsed 7.1% in Q1, marking the worst reading since Q1 2009 (Q4 2019: +4.1% s.a. qoq). Similarly, imports of goods and services shrank 3.1% in Q4 2019 (Q4: +0.7% s.a. qoq).
On an annual basis, the economy contracted 2.3% in Q1, swinging from Q4 2019's 2.2% expansion. Q1's reading marked the sharpest drop since Q1 2013.
FocusEconomics Consensus Forecast panelists see GDP plunging 8.2% in 2020, which is down 0.5 percentage points from last month’s forecast, and climbing 5.4% in 2021.
Portugal - Imports G&S Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Imports (G&S, annual variation in %) | 8.1 | 5.0 | 8.1 | 5.8 | - |
Portugal Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.45 | -1.90 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Portugal: Industrial output collapses again in May
June 30, 2020
Industrial output collapsed 26.0% year-on-year in May, which followed the record-breaking 27.4% plunge in April.
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Portugal: Consumer and business sentiment gain traction in June but remain deep in pessimistic territory
June 29, 2020
Consumer sentiment rose again from minus 32.1 in May to minus 25.7 in June on the back of continued easing of Covid-19-related restrictions.
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Portugal: Industrial output falls at unparalleled pace in April on Covid-19 blow
June 1, 2020
Industrial production collapsed an unprecedented 25.9% year-on-year in April (March: -6.8% year-on-year) due to activity restrictions amid the measures enacted to contain Covid-19’s spread.
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Portugal: Deterioration in manufacturing conditions eases but remains severe in May
June 1, 2020
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) bounced back from April’s record-low of 31.9 to 40.6 in May, but was still weighed on by protracted lockdown measures.
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Portugal: GDP records largest drop on record in Q1 on Covid-19 impact
May 29, 2020
GDP plunged 3.8% in seasonally-adjusted, quarter-on-quarter terms in Q1 2020 (Q4 2019: +0.7% s.a.
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