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