News

Portugal’s Third-Quarter GDP Stagnates, Missing Estimates

Page created: Friday, 13 November 2015 14:52 GMT

Tags:
GDP  Q3

Portugal’s gross domestic product stagnated in the three months through September, missing estimates and ending a sequence of five consecutive quarters of growth.

GDP was unchanged from the second quarter, when it expanded 0.5 percent, as investment fell while net external demand “contributed positively,” the Lisbon-based National Statistics Institute said on its website today. Economists predicted a rise of 0.4 percent, the median of 10 estimates in a Bloomberg survey showed. The economy expanded 1.4 percent from a year earlier, an eighth increase.