Portugal GDP Growth Confirmed in Q1

The Portuguese economy expanded 0.4 percent on quarter in the first three months of 2015, the same as in the previous quarter and matching preliminary estimates. Domestic demand was the main driver of growth, final figures showed.
INE | Joana Taborda | joana.taborda@tradingeconomics.com 5/29/2015 11:23:06 AM
The GDP expanded for the fourth straight quarter, mainly driven by investment and private consumption while net external demand dragged growth down. 

Year-on-year, the economy rose 1.5 percent, up from a preliminary estimate of 1.4 percent and 0.6 percent in the previous quarter. Private consumption rose 1.5 percent, driven by non-durable goods and services spending. Investment showed no growth while public expenditure shrank 0.5 percent. Exports rose 6.8 percent and imports went up 6.6 percent. As a result, net external demand posted no contribution to growth.

Portugal GDP Growth Confirmed in Q1