Portugal’s economy grew at a stable rate in the third quarter, supported by private consumption as investment growth slowed, preliminary estimates from Statistics Portugal showed on Thursday.
Gross domestic product grew 1.9 percent year-on-year, same as in the previous quarter.
The contribution of net external demand remained negative, with both Imports and Exports of Goods and Services accelerating, the statistical office said.
On a quarter-on-quarter basis, GDP grew 0.3 percent in the third quarter after a 0.6 percent expansion in the previous three months.
Quarterly growth reflected the positive contribution of domestic demand, which also offset the negative contribution from net external demand.
The material has been provided by InstaForex Company – www.instaforex.com