Portugal GDP Growth at 0.4% in Q1


The Portuguese economy advanced 0.4 percent on quarter in the first three months of 2015, steady from a downwardly revised 0.4 percent expansion in the previous period, preliminary estimates showed.

It was the fourth straight quarter of expansion supported by a rise in domestic demand.

Year-on-year, the GDP advanced 1.4 percent, up from a revised 0.6 percent rise in the last quarter of 2014 and the highest since the last three months of 2013. Net external demand was the main contributor to growth as imports slowed and exports accelarated. In contrast, positive contribution from domestic demand decreased as changes in inventories dragged the component down.

Portugal GDP Growth at 0.4% in Q1


Joana Taborda | joana.taborda@tradingeconomics.com
5/13/2015 11:32:59 AM