Portugal Q3 GDP Growth Weakest in Over 3 Years


The Portuguese economy advanced by 0.3 percent on quarter in the three months to September 2019, slowing from an upwardly revised 0.6 percent expansion in the previous period, a preliminary estimate showed. It was the weakest growth rate since the second quarter of 2016.

The contribution of net external demand was positive, higher than in the prior period, while external demand contributed more negatively than in the second quarter. 

Year-on-year, the economy grew 1.9 percent, the same pace as in the previous period. The positive contribution of domestic demand remained unchanged, as private consumption accelerated, while investment advanced at a slower pace. Meantime, net external demand contribution remained negative, with both imports and exports of goods and services accelerating.

Portugal Q3 GDP Growth Weakest in Over 3 Years


INE | Stefanie Moya | stefanie.moya@tradingeconomics.com
11/14/2019 9:53:18 AM