Portugal Economy Grows 0.5% in Q2


Portugal's gross domestic product grew 0.5 percent on quarter in the three months to June of 2019, the same pace as in the previous period, the preliminary estimate showed. It remained the strongest growth rate since the second quarter of 2018.

The contribution of net external demand was positive, after being negative in the previous quarter, while domestic demand were a drag on growth.

Year-on-year, the economy advanced 1.8 percent in the second quarter of 2019, the same pace as in the previous period. The contribution of domestic demand decreased, reflecting the deceleration of final consumption expenditure and Investment. Meantime, net trade’s contribution was less negative than in the last quarter, with imports rising less than exports.

Portugal Economy Grows 0.5% in Q2


INE | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
8/14/2019 11:19:15 AM