Portugal GDP Growth Betas Expectations In Q4

The Portuguese economy advanced 0.6 percent on quarter in the last three months of 2016, slowing from a 0.8 percent expansion in the previous period but beating market expectations of 0.5 percent. Domestic demand was the main contributor to growth, preliminary estimates showed.

Domestic demand made a positive contribution to growth in the last quarter of 2016 after dragging it down in the previous period, mainly boosted by investment. In contrast, net trade contributed negatively to growth mainly due to a jump in imports. 

Year-on-year, the economy advanced 1.9 percent, higher than 1.6 percent in the third quarter and beating market expectations of 1.6 percent. It is the highest growth rate since the last quarter of 2013 as investment recovered and household spending accelerated. On the other hand, imports rose faster than exports, bringing net trade contribution to negative.

Considering full 2016, the GDP expanded 1.4 percent, lower than 1.6 percent in 2015 but higher than government estimates of 1.2 percent and European Commission ones of 1.3 percent. 

Portugal GDP Growth Betas Expectations In Q4

INE | Joana Taborda | joana.taborda@tradingeconomics.com
2/14/2017 10:47:05 AM