Portuguese Economy Grows 0.5% QoQ in Q2


The Portuguese economy grew by 0.5 percent on quarter in the three months to June of 2018, following a 0.4 percent expansion in the previous period, a preliminary estimate showed.

Growth continued to be driven by domestic demand while net trade contributed less negatively.

Year-on-year, the economy advanced 2.3 percent in the second quarter, following a 2.1 percent expansion in the previous period. Private consumption increased at a faster pace, while investment rose slightly slower and net trade contributed negatively to growth – similar to that observed in the previous quarter.

In 2017, Portugal's economy grew by 2.7 percent, its strongest pace in 17 years, and this year the government expects a softer 2.3 percent expansion.

Portuguese Economy Grows 0.5% QoQ in Q2


INE | Gabriela Costa | gabriela.costa@tradingeconomics.com
8/14/2018 1:28:34 PM