Investment in Portugal
Portugal - Investment
GDP growth accelerates in the third quarter
According to a preliminary reading, GDP growth picked up to 0.4% on a seasonally adjusted quarter-on-quarter basis in the third quarter, from 0.1% in the second. Although a full breakdown is not yet available, the flash estimate revealed that domestic demand became a positive contributor to the reading, with private consumption growing despite higher inflation during the quarter. On the other hand, the external sector posted a smaller contribution.
On an annual basis, economic growth waned notably to 4.9% in Q3, from the previous quarter's 7.4% increase. Q3's reading marked the worst reading since Q1 2021.
A detailed breakdown will be published on 30 November.
FocusEconomics Consensus Forecast panelists see GDP growing 0.8% in 2023, which is down 0.3 percentage points from the previous month’s forecast. For 2024, the panel sees GDP climbing 1.9%.
Portugal - Investment Data
|Investment (annual variation in %)||5.9||2.5||11.5||5.8||6.6|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.45||-1.90 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 29, 2022
Consumer confidence fell to minus 38.7 in November from October's minus 38.6.
November 17, 2022
Harmonized inflation came in at 10.6% in October, up from September’s 9.8%.
October 31, 2022
Industrial output rose 0.9% year on year in seasonally-adjusted terms in September, which was a deterioration from August's 5.4% increase.
October 31, 2022
According to a preliminary reading, GDP growth picked up to 0.4% on a seasonally adjusted quarter-on-quarter basis in the third quarter, from 0.1% in the second.
October 28, 2022
Consumer confidence came in at minus 38.6 in October, down from September's minus 35.8.