Portuguese Economy Expands 0.2% QoQ in Q3

In the third quarter of 2013, Portuguese GDP grew by 0.2 percent qoq, down from 1.1 percent expansion reported in the previous three-month period.
INE | Joana Taborda | joana.taborda@tradingeconomics.com 11/14/2013 11:47:50 AM
According to the flash estimate, from July to September the GDP shrank 1 percent year-on-year in volume terms as compared to 2.0 percent contraction in the second quarter.

Domestic demand presented a less negative contribution for the year-on-year change rate of GDP, determined mainly by the less intense decline in Final Consumption Expenditure of Resident Households. 

In contrast, the contribution of net external demand decreased, mainly due to the acceleration of Imports of Goods and Services.

Portuguese Economy Expands 0.2% QoQ in Q3