Portuguese GDP Advanced More than Expected in Q4

The Portuguese economy expanded a revised 0.6 percent in the last quarter of 2013, up from the previous quarter's 0.3 percent growth. The final figure comes better than a 0.5 percent expansion previously reported, boosted by investment and exports.

Domestic demand contributed 0.4 percent to the quarter-on-quarter growth rate, driven by a 3.3 percent increase in investment (4.9 percent in the previous quarter), while private consumption fell 0.5 percent (1.1 percent in the previous three-month period). 

Net external demand contribution increased to 0.2 percent and rebounded from a negative 1.1 impact last quarter, mainly due to lower imports.

Compared with the same quarter last year, the economy advanced 1.7 percent, up from a preliminary 1.6 percent and surging from a 0.9 percent contraction in the previous quarter. 

Considering full 2013, the GDP still shrank 1.4 percent compared with a 3.2 percent contraction in 2012.

Portuguese GDP Advanced More than Expected in Q4

INE | Joana Taborda | joana.taborda@tradingeconomics.com
3/11/2014 11:56:45 AM