Portuguese GDP Grew at Faster Pace in Second Quarter on Exports

Page created: Wednesday, 31 August 2016 14:52 GMT

Consumption  GDP   Quarterly National Accounts

Portugal’s gross domestic product expanded in the three months through June at a faster pace than in the first quarter as exports grew more than imports.

GDP rose 0.3 percent from the first quarter, when it expanded 0.2 percent, the Lisbon-based National Statistics Institute said on Wednesday. The institute had said in a preliminary report on Aug. 12 that GDP rose 0.2 percent from the first quarter. The economy expanded 0.9 percent in the second quarter from a year earlier.

Government spending rose 0.3 percent in the second quarter from the previous three months, while household spending increased 0.1 percent. Investment climbed 0.7 percent. Imports rose 1.1 percent while exports increased 1.3 percent, Wednesday’s report showed.