Portugal GDP Growth Slows to 0.1% in Q1


The Portuguese economy expanded 0.1 percent on quarter in the first three months of 2016, slowing from a 0.2 percent growth in the previous quarter and missing market expectations of a 0.4 percent rise, preliminary estimates showed.

Domestic demand was the main driver of growth while negative impact came from net external demand due to lower exports.

Year-on-year, the GDP expanded 0.8 percent, lower than a 1.3 percent growth in the previous quarter and below market expectations of a 1.1 percent expansion. It is the lowest growth rate in five quarters as a slowdown in investment and exports impacted the GDP negatively while positive contribution came from domestic demand.

The Portuguese government expects the economy to advance 1.8 percent this year.

Portugal GDP Growth Slows to 0.1% in Q1


INE | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
5/13/2016 12:43:27 PM