Quarterly National Accounts, Q2 2015 (Flash Estimate), INE

Page created: Friday, 14 August 2015 11:13GMT | Updated: Friday, 14 August 2015 11:19GMT

Press Release:  14 August 2015 - 3 Page(s)
2015  GDP  National Accounts  Quarterly

The Portuguese Gross Domestic Product (GDP) increased by 1.5% in volume in the second quarter 2015, compared with the same period of 2014 (1.5% in the first quarter 2015), according to the flash estimate of the Quarterly National Accounts. The positive contribution of domestic demand increased in the second quarter, reflecting the acceleration of investment (mainly due to Changes in Inventories, which moved from a negative contribution in the previous quarter to a positive one) and, to a lesser extent, private consumption. Net external demand registered a significant negative contribution to the GDP year-on-year change rate, with an acceleration of Imports of Goods and Services at a higher pace than Exports of Goods and Services.
Comparing with the previous quarter, GDP increased by 0.4% in real terms in the second quarter (same change rate as in the first quarter), with a positive contribution of domestic demand, while net external demand contributed negatively.

Original title:  Year-on-year change rate of Gross Domestic Product was 1.5% in volume - 2nd Quarter 2015

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Friday, 14 August 2015 14:35