Portugal GDP Growth Is Revised Up in Q3

The Portuguese economy expanded 0.3 percent quarter-on-quarter in July to September period as gains in private consumption were enough to offset a decline in net trade.

Final figures came better than a preliminary 0.2 percent growth as revisions in import and export prices softened the negative impact from external trade.

Domestic demand contributed positively to growth (1.1 percent from -0.9 percent in the previous period), led by a 1.3 percent rise in private consumption. In contrast, net external demand contributed negatively (-0.8 percent after +1.1 percent in the previous quarter), due to higher imports.

Year-on-year, the GDP expanded 1.1 percent, compared with a preliminary estimate of 1 percent. While domestic demand increased 1.9 percent, net external demand fell 0.9 percent.

Portugal GDP Growth Is Revised Up in Q3

INE | Ricardo Martins | ricardo.martins@tradingeconomics.com
11/28/2014 2:43:45 PM