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Wednesday November 30 2016
Portuguese Q3 GDP Growth Confirmed at 3-Year High  
The Portuguese economy expanded 0.8 percent on the quarter in the three months to September 2016, following a 0.3 percent growth in the previous period and matching the preliminary estimate. It was the highest growth rate since the last quarter of 2013, driven by a rise in exports and household consumption while fixed investment continued to contract, final figures showed.
Tuesday November 15 2016
Portugal GDP Growth Rate at 3-Year High of 0.8%  
The Portuguese economy advanced 0.8 percent on quarter in the three months to September of 2016, up from a 0.3 percent increase in the previous period and beating market expectations of a 0.2 percent increase. It is the highest growth rate since the last three months of 2013, boosted by a rise in exports, preliminary estimates showed.
Thursday November 10 2016
Portugal Inflation Rate Hits 1-Year High in October  
Consumer prices in Portugal increased by 0.9 percent year-on-year in October 2016, accelerating from a 0.6 percent growth in September and in line with market expectations. It was the highest inflation rate since September last year, as transport prices rose for the first time in eleven months.
Wednesday November 09 2016
Portuguese Jobless Rate Falls to Nearly 7-Year Low in Q3  
Portuguese unemployment rate declined to 10.5 percent in the third quarter of 2016 from 10.8 percent in the previous period. It was the lowest level since the last quarter of 2009, as the number of unemployed fell 1.8 percent while employment rose 1.3 percent. A year ago the unemployment rate was recorded at 11.9 percent.
Wednesday October 12 2016
Portugal Inflation Rate Slows to 0.6% YoY in September  
Consumer prices in Portugal increased by 0.6 percent year-on-year in September 2016, easing slightly from a seven-month high of 0.7 percent in August and missing market expectations of 0.8 percent growth. Cost of food rose at a slower pace while a drop in housing prices dragged inflation down. On a monthly basis, consumer prices rose sharply by 0.7 percent after falling by 0.2 percent in August.
Monday September 12 2016
Portuguese Inflation Rate Rises to 7-Month High  
Consumer prices in Portugal increased by 0.7 percent year-on-year in August 2016, following a 0.6 percent growth in the previous month. It was the highest inflation rate since January this year, as prices rose further for restaurants and hotels, housing and food.
Wednesday August 31 2016
Portuguese Q2 GDP Growth Revised Up to 0.3%  
The Portuguese economy expanded 0.3 percent on the quarter in the three months to June 2016, compared to a 0.2 percent growth in the previous period and beating preliminary estimates of 0.2 percent. It was the biggest gain since the second quarter of 2015, mainly driven by net external demand, while household consumption expanded at a slower pace and fixed investment continued to contract, final figures showed. Compared to the same period of 2015, the GDP expanded 0.9 percent, the same as in the previous quarter and better than previous estimates of 0.8 percent.
Friday August 12 2016
Portugal GDP Growth Steady at 0.2% in Q2  
The Portuguese economy expanded 0.2 percent on the quarter in the three months to June 2016, the same pace as in the previous period and in line with market expectations, preliminary estimates showed.
Wednesday August 10 2016
Portuguese Jobless Rate Falls to 6-Year Low in Q2  
Portuguese unemployment rate fell to 10.8 percent in the second quarter of 2016 from 12.4 percent in the previous period. It was the lowest reading since the second quarter of 2010, as the number of unemployed fell 12.6 percent while employment rose 2 percent. A year ago the unemployment rate was recorded at 11.9 percent.
Wednesday August 10 2016
Portugal Inflation Rises to 0.6% in July  
Consumer prices in Portugal went up 0.6 percent year-on-year in July of 2016, following 0.5 percent increase in the previous month and below market expectations of 0.8 percent. The largest upward pressure came from food and restaurants and hotels while transport and health prices continued to decline. On a monthly basis, prices dropped 0.7 percent.
Tuesday July 12 2016
Portugal Annual Inflation Rate Up to 0.5%  
Consumer prices in Portugal rose 0.5 percent year-on-year in June of 2016, up from a 0.3 percent increase in the previous month. Food inflation reached an 8-month high while transport prices fell the most since August.
Thursday June 09 2016
Portuguese Inflation Rate at 14-Month Low  
Consumer prices in Portugal increased by 0.3 percent year-on-year in May of 2016, easing from a 0.5 percent growth in the previous month and hitting the smallest gain since March last year. Prices of restaurants and hotels and housing continued to rise while a drop in cost of food, transport and clothing weighed on inflation.
Tuesday May 31 2016
Portugal GDP Growth Revised Up to 0.2% in Q1  
The Portuguese economy advanced 0.2 percent on quarter in the first three months of 2016, the same as in the previous period and above a preliminary estimate of a 0.1% expansion. It was the eighth consecutive period of growth, boosted by household spending while investment stalled and exports shrank.
Friday May 13 2016
Portugal GDP Growth Slows to 0.1% in Q1  
The Portuguese economy expanded 0.1 percent on quarter in the first three months of 2016, slowing from a 0.2 percent growth in the previous quarter and missing market expectations of a 0.4 percent rise, preliminary estimates showed.
Wednesday May 11 2016
Portugal Inflation Rate Edges Up to 0.5% in April  
Consumer prices in Portugal increased 0.5 percent year-on-year in April of 2016 following a 0.4 percent rise in the previous month. The inflation rate accelerated for the first time in three months as cost of food and non-alcoholic beverages recovered and transport prices fell at a slower pace. However, the core index which excludes food and energy slowed to its lowest so far this year.
Wednesday May 11 2016
Portuguese Jobless Rate Hits 1-Year High  
Portuguese unemployment rate rose to 12.4 percent in the first three months of 2016, up from 12.2 percent in the previous period and hitting its highest level since the first quarter of 2015, as the number of unemployed went up 1 percent while employment fell 1.1 percent. A year ago the unemployment rate was recorded at 13.7 percent.
Tuesday April 12 2016
Portugal Inflation Rate Steady at 0.4% in March  
Consumer prices in Portugal increased 0.4 percent year-on-year in March of 2016, the same as in the previous month. The monthly rate accelerated to 1.9 percent, the highest figure in 26 years.
Thursday March 10 2016
Portuguese Inflation Rate Slows to 0.4%  
Consumer prices in Portugal increased by 0.4 percent year-on-year in February of 2016 easing from a 0.8 percent growth in the previous month. Cost of accommodation rose at a slower pace while a decline in prices of food, transportation and clothing dragged the inflation down.
Monday February 29 2016
Portugal Q4 GDP Growth Confirmed at 0.2%  
The Portuguese economy advanced 0.2 percent on quarter in the three months to December of 2015 following an upwardly revised 0.1 percent growth in the previous period and matching preliminary estimates. While net external demand expanded, domestic demand contracted mainly due to a reduction of investment, final figures showed.
Friday February 12 2016
Portuguese Economy Expands 0.2% in Q4  
The Portuguese economy advanced 0.2 percent on quarter in the three months to December of 2015 after showing no growth in the previous period while missing market expectations of 0.4 percent. While domestic demand contracted mainly due to a reduction of investment, net external demand contributed positively to the growth, preliminary estimates showed.
Wednesday February 10 2016
Portuguese Inflation Rate Up to 0.8% in January  
Consumer prices in Portugal increased by 0.8 percent year-on-year in January of 2016 following a 0.4 percent growth in December, mainly due to higher prices of food and clothing.
Wednesday February 10 2016
Portuguese Jobless Rate Rises to 12.2% in Q4  
Portuguese unemployment rate increased to 12.2 percent in the last quarter of 2015 compared to 11.9 percent in the previous period, as the number of unemployed went up by 2.4 percent while employment dropped by 0.3 percent. A year ago the unemployment rate was recorded at 13.5 percent. Considering full 2015, the jobless rate was recorded at 12.4 percent from 13.9 percent in 2014.
Wednesday January 13 2016
Portuguese Inflation Rate at 8-Month Low in December  
Consumer prices in Portugal increased by 0.4 percent year-on-year in December of 2015 easing from a 0.6 percent growth in the previous month, as prices of accommodation and leisure activities rose at a slower pace while food cost showed no growth and transport prices dropped slightly. It was the lowest inflation rate since April of 2015.
Friday December 11 2015
Portuguese Inflation Rate Steady at 0.6% in November  
Consumer prices in Portugal increased by 0.6 percent year-on-year in November, the same pace as in October and staying at its lowest level since April this year. While prices of transport and leisure activities increased after dropping in the previous months, a slowdown in cost of food and accommodation held back the increase.
Monday November 30 2015
Portuguese GDP Stagnates in Q3  
The Portuguese economy showed no growth in the three months to September, compared to 0.5 percent growth in the previous quarter and matching preliminary estimates. While domestic demand contracted mainly due to a reduction of investment, net external demand expanded, final figures showed.
Friday November 13 2015
Portuguese Economy Stalls in Q3  
The Portuguese economy showed no growth in the three months to September, compared to an upwardly revised 0.5 percent growth in the previous quarter and staying way below market expectations of 0.4 percent growth. While domestic demand contracted mainly due to a reduction of investment, net external demand contributed positively to the growth, preliminary estimates showed.
Wednesday November 11 2015
Portuguese Inflation Rate Drops to 0.6% in October  
Consumer prices in Portugal increased by 0.6 percent year-on-year in October, easing from a 0.9 percent growth in September of 2015. It was the lowest level since April this year, as prices of food grew at a slower pace while cost of furnishings and household equipment fell for the first time in 13 months.
Wednesday November 04 2015
Portuguese Jobless Rate Flat at 11.9% in Q3  
Portuguese unemployment rate remained unchanged at 11.9 percent in the third quarter of 2015, staying at its lowest level since the fourth quarter of 2010, as the number of unemployed went down by 0.3 percent while employment also dropped by 0.1 percent. A year ago the unemployment rate was recorded at 13.1 percent.
Monday October 12 2015
Portuguese Inflation Rate Up to 0.9% in September  
Consumer prices in Portugal increased by 0.9 percent year-on-year in September of 2015, following a 0.7 percent growth in August. It was the highest level since May this year, as cost of food and furnishings rose at a faster pace.
Thursday September 10 2015
Portugal Inflation Rate Slows Slightly  
Consumer prices in Portugal rose 0.7 percent year-on-year in August of 2015, easing from a 0.8 percent rise in the previous two months, due to lower clothing and footwear and transport prices.
Monday August 31 2015
Portugal GDP Growth Confirmed at 0.4% in Q2  
The Portuguese economy expanded 0.4 percent on quarter in the three months to June, the same as in the last two quarters and matching preliminary estimates. Domestic demand was the main driver of growth while net external demand dragged the expansion down, final figures showed.
Friday August 14 2015
Portugal GDP Expands 0.4% in Q2  
The Portuguese economy advanced 0.4 percent on quarter in the three months to June, the same as in the previous period but below market expectations. While domestic demand continued to be the main driver of growth, net external demand dragged the expansion down, preliminary estimates showed.
Wednesday August 12 2015
Portugal Inflation Rate Steady in July  
Portuguese annual inflation rate was recorded at 0.8 percent in July of 2015, the same pace as in the previous month and below market expectations. A slowdown in prices of food and housing was enough to offset an increase in cost of miscellaneous goods and services and higher prices of furnishing and household equipment.
Wednesday August 05 2015
Portuguese Unemployment Rate Lowest Since Q4 of 2010  
Portuguese jobless rate declined to 11.9 percent in the second quarter of 2015 from 13.7 percent reported in the previous period as the number of unemployed decreased by 13 percent and employment grew by 2.3 percent.
Friday July 10 2015
Portugal Inflation Rate Eases in June  
Portuguese consumer prices increased 0.80 percent year-on-year in June of 2015, slightly down from a 0.95 percent growth in May, as cost of clothing and footwear fell at a faster pace and transport prices declined.
Thursday June 11 2015
Portugal Inflation Rate at 2-1/2-Year High  
Consumer prices in Portugal increased 1 percent year-on-year in May of 2015. It is the highest rate since December of 2012 driven by food and transport prices.
Friday May 29 2015
Portugal GDP Growth Confirmed in Q1  
The Portuguese economy expanded 0.4 percent on quarter in the first three months of 2015, the same as in the previous quarter and matching preliminary estimates. Domestic demand was the main driver of growth, final figures showed.
Wednesday May 13 2015
Portugal Inflation Rate Rebounds Further in April  
Consumer prices in Portugal rose 0.40 percent year-on-year in April of 2015, after increasing 0.31 percent in March as cost of food products and alcoholic beverages and tobacco accelerated.
Wednesday May 13 2015
Portugal GDP Growth at 0.4% in Q1  
The Portuguese economy advanced 0.4 percent on quarter in the first three months of 2015, steady from a downwardly revised 0.4 percent expansion in the previous period, preliminary estimates showed.
Wednesday May 06 2015
Portugal Unemployment Rate Rises in Q1  
Portuguese jobless rate grew to 13.7 percent in the first quarter of 2015 from 13.5 percent reported in the previous period as the number of unemployed increased 2.1 percent and employed fell 0.3 percent. It is the second consecutive quarterly increase.
Monday April 13 2015
Prices in Portugal Rise for the First Time in 13 Months  
Consumer prices in Portugal increased 0.31 percent year-on-year in March of 2015, after declining 0.21 percent in the previous month as cost of restaurants and hotels, and communication rose the most.
Wednesday March 11 2015
Portugal Deflation Slows  
Portuguese consumer prices fell 0.2 percent year-on-year in February, slowing from a 0.4 percent drop in the previous month. Although transport cost fell at a slower pace, prices of clothing and footwear declined further due to the discount period.
Friday February 27 2015
Portugal GDP Growth Confirmed at 0.5%  
The Portuguese economy expanded 0.5 percent quarter-on-quarter in the last three months of 2014, matching preliminary estimates. It is the third consecutive expansion, bringing full year growth to 0.9 percent.
Friday February 13 2015
Portugal GDP Growth Accelerates in Q4  
The Portuguese economy expanded 0.5 percent on quarter in the last three months of 2014, accelerating from a 0.3 percent rise in the previous period. It is the highest growth rate in a year.
Wednesday February 11 2015
Portugal Inflation Rate at -0.4% in January  
Portuguese consumer prices fell by an annual 0.4 percent in January of 2015, the same as in December of 2014, largely due to an 8 percent drop in energy cost.
Wednesday February 04 2015
Portugal Unemployment Rate Rises to 13.5%  
Portuguese jobless rate incrased to 13.5 percent in the fourth quarter of 2014 from 13.1 percent reported in the previous three month period as the number of unemployed increased and employed declined. A year earlier, unemployment rate was recorded at 15.3 percent.
Tuesday January 13 2015
Deflation is Back in Portugal in December  
Consumer prices in Portugal dropped by 0.4 percent in December of 2014, after being flat in the last two months as lower gasoline cost pushed transport prices lower.
Thursday December 11 2014
Portugal Inflation Rate at 0% in November  
Portuguese consumer prices were flat in November of 2014 from a year earlier, the same as in October. Downward pressures came mainly from lower transport cost.
Friday November 28 2014
Portugal GDP Growth Is Revised Up in Q3  
The Portuguese economy expanded 0.3 percent quarter-on-quarter in July to September period as gains in private consumption were enough to offset a decline in net trade.
Friday November 14 2014
Portuguese GDP Expands 0.2% QoQ in Q3  
The Portuguese economy advanced 0.2 percent on quarter in the three months to September, slowing from a 0.3 percent expansion in the previous period. The growth was driven by private consumption while contribution from net exports was negative.
Thursday November 13 2014
Portuguese CPI Unchanged in October  
Cost of goods and services in Portugal remained the same in October of 2014 compared to 0.4 percent drop reported in September. It was the first time in eight months consumer price index did not fall.
Wednesday November 05 2014
Portugal Unemployment Rate Down to 3-Year Low  
Portuguese jobless rate fell for the sixth consecutive quarter to 13.1 percent in the third quarter of 2014, from 13.9 percent in the previous period. It is the lowest rate since the third quarter of 2011, as more young people found a job.
Friday October 10 2014
Portugal Inflation Rate Steady at -0.4%  
Portuguese annual inflation rate was recorded at -0.4 percent in September of 2014, unchanged from August. The country has been facing deflation since February of 2014.
Wednesday September 10 2014
Portugal Inflation Rate at -0.4% in August  
Portuguese annual inflation rate was recorded at -0.4 percent in August of 2014, following a 0.9 percent drop in July. The inflation remained in negative territory for the sixth consecutive month due to falling food prices.
Monday September 08 2014
Portuguese GDP Growth Revised Down in Q2  
The Portuguese economy advanced 0.3 percent on quarter in the April to June period, down from a preliminary estimate of a 0.6 percent increase. The difference is mainly due to methodological changes in computing GDP figures.
Thursday August 14 2014
Portuguese Economy Expands 0.6% in Q2  
Portuguese GDP grew by 0.6 percent in the second quarter of 2014, following a contraction of 0.6 percent reported in the first three months of the year.
Tuesday August 12 2014
Deflation Deepens in Portugal  
Portuguese annual inflation rate declined further to -0.9 percent in July of 2014 from a -0.4 percent in the previous month mostly due to lower cost of clothing and footwear and food.
Tuesday August 05 2014
Portugal Unemployment Rate Falls in Q2  
Portuguese jobless rate declined to 13.9 percent in the second quarter of 2014, from 15.1 percent in the previous period, as more people become employed. This is the lowest rate since the third quarter of 2009 and the fifth consecutive quarter of decline.
Thursday July 10 2014
Portugal Inflation Rate Unchanged at -0.4%  
Portuguese consumer prices decreased by an annual 0.4 percent in June of 2014, the same rate recorded in the previous month, as prices of food and non-alcoholic beverages fell again.
Thursday June 12 2014
Portugal Inflation Rate at -0.4%  
Portuguese consumer prices fell for the fourth straight month by an annual 0.4 percent in May of 2014, following a 0.1 percent drop in the previous month, driven by lower food cost.
Monday June 09 2014
Portugal GDP Contracts 0.6% QoQ in Q1  
The Portuguese economy contracted 0.6 percent quarter-on-quarter in the first three months of 2014, slightly up from a preliminary estimated 0.7 percent contraction. Final figures confirmed the GDP slumped from a 0.5 percent expansion in the previous quarter, hurt by a fall in exports and a slowdown in investment.
Thursday May 15 2014
Portugal GDP Contracts in Q1  
The Portuguese economy contracted 0.7 percent in the first three months of 2014, following a revised 0.5 percent expansion in the previous quarter, hurt by a fall in exports.
Tuesday May 13 2014
Portugal Inflation Rate Falls 0.1% in April  
Portuguese consumer prices declined 0.1 percent on the year in April of 2014, slightly up from a 0.4 percent fall in the previous month. Higher prices of housing and tobacco were not enough to offset a drop in food prices.
Monday May 12 2014
Portugal Unemployment Rate Down to 15.1% in Q1  
Portuguese jobless rate dropped for a fourth straight quarter to 15.1 percent in the first three months of 2014 from 15.3 percent in the previous quarter.
Friday April 11 2014
Portugal Inflation Rate Down to 4-1/2-Year Low  
Portugal’ annual inflation rate dropped to -0.37 percent in March of 2014, down from -0.08 percent in the previous month and 0.45 percent a year earlier. It is the lowest level since November of 2009.
Wednesday April 09 2014
Portuguese Trade Deficit Widens in February Over a Year Earlier  
The trade deficit increased to EUR 795.0 million in February of 2014, from EUR 744.4 million a year earlier, as exports increased by 4.7 percent and imports rose by 5.0 percent. Compared with January of 2014, the gap decreased from a revised EUR 956.0 million.
Wednesday March 12 2014
Portugal Inflation Rate in Negative Territory  
Portuguese annual inflation rate declined 0.1 percent in February of 2014, down from 0.1 percent in the previous month. Monthly inflation was recorded at -0.3 percent changing from -1.4 percent in January and -0.1 in February of 2013.
Wednesday March 12 2014
Portugal Trade Deficit Widens in January on Rising Imports  
Portuguese trade deficit widened to € 925 million in January of 2014, from a revised € 888 million deficit in December and a € 599 million gap a year earlier. Imports from countries outside the EU surged as bad weather conditions in December affected the normal working schedule of the port terminals.
Tuesday March 11 2014
Portuguese GDP Advanced More than Expected in Q4  
The Portuguese economy expanded a revised 0.6 percent in the last quarter of 2013, up from the previous quarter's 0.3 percent growth. The final figure comes better than a 0.5 percent expansion previously reported, boosted by investment and exports.
Friday February 14 2014
Portuguese Economy Rebounds in Q4 2013  
In the last quarter of 2013, Portugal’s GDP advanced 0.5 percent over the previous quarter, accelerating from a 0.3 percent expansion in the previous three-month period, flash estimates showed.
Wednesday February 12 2014
Portuguese Inflation Rate Slows in January  
In January of 2014, Portuguese annual inflation rate slowed to 0.1 percent from 0.2 percent in the last month of 2013. On a monthly basis, prices fell sharply by 1.4 percent, the lowest rate in almost 38 years, due to lower cost of clothing and flights.
Monday February 10 2014
Portugal Posts the Lowest Trade Deficit in 17 Years  
In 2013, Portugal’s trade deficit shrank 15 percent over the previous year to € 9.28 billion, the lowest deficit since 1996. The coverage rate reached 83.6 percent, corresponding to a 3.0 p.p. increase over a year earlier.
Wednesday February 05 2014
Portuguese Unemployment Falls for 3rd Straight Quarter  
In the fourth quarter of 2013, Portugal’s jobless rate decreased for the third straight quarter to 15.3, from 15.6 percent in the previous three-month period. A year earlier, unemployment reached 16.9 percent.
Monday January 13 2014
Portuguese Inflation Rate Rises 0.2% in December  
In December of 2013, Portuguese annual inflation rate turned positive and rose 0.2 percent, after falling 0.2 percent in the previous two months, due to higher prices of health, food and alcoholic beverages.
Wednesday December 11 2013
Portuguese Inflation Rate Drops in November  
In November of 2013, Portugal’s annual CPI fell 0.2 percent after decreasing by the same rate in October and mainly affected by a drop in transport costs.
Tuesday December 10 2013
Portuguese Trade Deficit Slightly Widens in October  
In October of 2013, Portugal’s trade deficit increased slightly to € 1.09 billion, from € 0.9 billion in September and € 1.07 billion a year earlier. Both exports and imports rose for the second straight month to € 4.2 billion and € 5.3 billion, respectively.
Monday December 09 2013
Portuguese GDP Growth Confirmed at 0.2% in Q3  
In the third quarter of 2013, the Portuguese economy advanced 0.2 percent over the previous quarter, down from a 1.1 percent expansion in the preceding three-month period and matching the initial estimate released earlier in November.
Thursday November 14 2013
Portuguese Economy Expands 0.2% QoQ in Q3  
In the third quarter of 2013, Portuguese GDP grew by 0.2 percent qoq, down from 1.1 percent expansion reported in the previous three-month period.
Tuesday November 12 2013
Portugal Inflation Rate Down to -0.2% in October  
In October 2013, the annual inflation rate measured by the CPI decreased to -0.2 percent, 0.3 percentage points lower than the rate observed in the previous month. It is the lowest rate since November of 2009.
Monday November 11 2013
Portugal’s Trade Deficit Narrows in September  
In September, Portuguese trade deficit narrowed to € 917 million, from € 927 million in August and € 1093 million a year earlier. Both imports and exports were up on the year, but shipments rose at a faster pace.
Thursday November 07 2013
Portugal Unemployment Rate Down to 15.6% in Q3  
The unemployment rate estimated for the 3rd quarter of 2013 was 15.6 percent. This value is down 0.2 percentage points from the same quarter of 2012 and down 0.8 percentage points from the previous quarter.
Thursday October 10 2013
Portuguese Inflation Rate Slows to 0.1% in September  
In September, Portugal's annual inflation rate measured by the CPI decreased by 0.1 p.p. to 0.1 percent, comparing with the rate observed in the previous month. The slowdown was mainly due to falling costs for clothing, footwear and transport.
Wednesday October 09 2013
Portuguese Trade Deficit Narrows in August  
In August, Portugal's trade deficit narrowed slightly to €922 million from a gap of €1075 million a year earlier. This is a result of falling imports, down 3.5 percent year-on-year, as exports stagnated.
Wednesday September 11 2013
Portuguese Inflation Rate Down to 0.2% in August  
In August, the annual inflation rate measured by the CPI decreased by 0.6 p.p. to 0.2 percent, comparing with the rate observed in the previous month. The slowdown was mainly due to lower costs for clothing, footwear and transport which were partly offset by rising food prices.
Friday September 06 2013
Portuguese Trade Deficit Widens in July  
In July, Portugal's trade deficit widened to €902 million from a gap of €634 million a year earlier. This is a result of a faster increase in imports (10.5 percent) than that of exports (5.5 percent).
Friday September 06 2013
Portuguese GDP Growth Confirmed at 1.1% in Q2  
In the second quarter of 2013, Portugal's GDP increased by 1.1 percent quarter-on-quarter, up from -0.4 percent in Q1. The confirmed expansion follows 10 successive quarters of contraction and was led by rising external and domestic demand.
Wednesday August 14 2013
Portuguese Economy Returns to Growth in Q2  
In the second quarter of 2013, Portuguese economy registered a 1.1 percent quarter-on-quarter expansion following 10 quarters of contraction in a row mainly driven by higher exports.
Monday August 12 2013
Portuguese Inflation Rate Down to 0.8% in July  
In July 2013, the annual inflation rate measured by the CPI decreased by 0.2 p.p. to 0.8 percent, comparing with the rate observed in the previous month. Lower prices of clothing, footwear, furnishings and household equipment weighted down the overall index.
Friday August 09 2013
Portuguese Trade Deficit Widens in June  
In June, Portugal's trade deficit widened to €655 million from a gap of €566 million a year earlier. This is a result of a decrease in exports, down by 1.2 percent, and a rise in imports of 0.9 percent.
Wednesday August 07 2013
Portuguese Unemployment Rate Down to 16.4% in Q2  
Portuguese unemployment rate estimated for the 2nd quarter of 2013 was 16.4%. This value is up 1.4 percentage points from the same quarter of 2012 and down 1.3 percentage points from the previous quarter.
Wednesday July 10 2013
Portuguese Trade Deficit Narrows in May  
In May, Portugal's trade deficit narrowed to € 600 million from a deficit of € 988 million in May of 2012. In year-on-year terms, exports increased by 5.6 percent and imports decreased by 3.2 percent (+16.8 percent and +9.3 percent respectively in April).
Wednesday July 10 2013
Portuguese Inflation Rises to 1.0% in June  
In June 2013, the annual inflation rate measured by the CPI increased 0.3 p.p. to 1.0 percent, comparing with the rate observed in the previous month. The largest upward pressure on the overall annual rate came from changes in prices of food and non-alcoholic beverages, which rose 2.8 percent.
Wednesday June 12 2013
Portuguese Inflation Rises to 0.7% in May  
In May, the annual inflation measured by the CPI increased 0.5 percentage points to 0.7 percent, compared with the rate observed in the previous month. The largest upward pressure on the overall rate came from changes in prices of food and non-alcoholic beverages, up 3.1 percent.
Friday June 07 2013
Portuguese Trade Deficit Shrinks 20% YoY in April  
In April 2013, exports increased by 17.3 percent yoy and imports by 9.2 percent, up from -3.5 percent and -9.9 percent respectively, a month earlier. The acceleration of exports and imports was partly due to a calendar effect since, in 2013, the Easter celebration took place in March whereas in 2012 it was celebrated in April. As far as exports are concerned, it should be stressed the contribution of the significant growth of the group of mineral fuels.
Wednesday June 05 2013
Portuguese GDP Growth Revised Down to -0.4% QoQ in Q1  
Comparing with the previous quarter, volume GDP decreased by 0.4 percent in the 1st quarter 2013 (-1.8 percent in the 4th quarter of 2012), as the result of the negative domestic demand contribution of -2.3 p.p. (-1.3 p.p. in the precedent quarter), which more than compensated the positive net external demand contribution of 1.9 p.p. (-0.5 p.p. in the 4th quarter of 2012).
Friday May 17 2013
Further Budget Deficit Reduction Can be Achieved in Portugal  
Since reaching an agreement on the bailout plan in May of 2011, Portugal has embraced a series of austerity measures and structural reforms aimed at bringing public finances into a sustainability path. So far, the overall budget deficit was reduced almost by half, reaching 6.4 percent of GDP at the end of 2012. Yet, Portugal has to cut an additional €5.3 billion in public spending over the next three years. This can be achieved by implementing necessary reforms like reduction of public wages, pensions and local governments cost.
Tuesday May 21 2013
SME May be Key to Recovery in Portuguese Labor Market  
Since 2011, the unemployment rate in Portugal has risen markedly and reached an all-time high of 17.7 percent in the first quarter of 2013. And as Small and Medium Enterprises are responsible for 77 percent of total employment, their support is crucial in the recovery of labor market and the economy as a whole.
Wednesday June 05 2013
What Can Revive the Portuguese Economy?  
In the first quarter of 2013, the Portuguese GDP shrank 4.0 percent yoy and 0.4 percent qoq, adding to the evidence that the current government strategy driven by austerity is failing to rescue the economy.
Wednesday May 29 2013
Portuguese Economy Shrinks Less Than Expected in Q1  
Portugal's gross domestic product shrank a smaller-than-expected 0.3 percent in the first quarter after contracting 1.8 percent in the previous quarter. Year-on-year, the economy contracted 3.9 percent. The economy shrank for a 10th quarter in the three months through March as the government cut spending and the Euro Area recession deepened.
Monday May 13 2013
Portugal Inflation Rate Down to 0.2% in April  
In April 2013, the annual inflation rate measured by the CPI decreased 0.3 p.p. to 0.2 percent, comparing with the rate observed in the previous month. The CPI 12-month average rate of change decreased from 2.0 percent in March to 1.7 percent in April. The core inflation index, which excludes unprocessed food and energy, was 0.8 percent (1.0 percent in March).
Friday May 10 2013
Portugal Trade Deficit Narrows in March  
In March 2013, exports decreased by 2.8 percent yoy and imports by 9.8 percent yoy (in February 2013 those figures were -2.6 percent and -6.1 percent, respectively). Exports of goods increased by 0.3 percent and imports decreased by 7.2 percent in the first quarter 2013, when compared with the first quarter 2012, which led to a € 1,074.8 million decrease in the deficit of the trade balance.
Thursday May 09 2013
Portugal Unemployment Rate Up to All-Time High of 17.7% in Q1 of 2013  
Portugal unemployment rate hit a new record of 17.7 percent in the first quarter of 2013, up from 16.9 percent in the previous quarter. This value is up 2.8 percentage points from the same quarter of 2012.
Wednesday May 15 2013
Portugal | Economic Overview | 2013 Q1  
Recent updates for Portugal show further deterioration of the economy. In the first quarter of 2013, GDP shrank an annual 3.9 percent, the 10th consecutive quarter of contraction. Moreover, the unemployment rate reached a new record of 17.7 percent in the first quarter reflecting the magnitude of the current recession. To make things even worse, industrial production has been consistently declining and business confidence remains at very low levels. Also, consumer confidence has been deteriorating as tough austerity measures are taking a heavy toll on already low salaries and pensions. On the positive side, the yield on government 10-year bonds dropped sharply to December 2010 levels. Furthermore, the current account deficit, traditionally problematic to Portugal, has improved substantially.
Wednesday April 10 2013
Portugal Inflation Rate Up to 0.5% in March  
In Portugal, the annual inflation rate measured by the CPI increased 0.5 p.p. to 0.5 percent, comparing with the rate observed in the previous month. The CPI 12-month average rate of change moved from 2.2 percent in February to 2.0 percent in March. The core inflation index, which excludes unprocessed food and energy, was 1.0 percent (1.1 percent in February).
Tuesday April 09 2013
Portugal Trade Deficit Narrows Year-on-Year in February  
In year-on-year terms, in February 2013, exports decreased by 2.6 percent and imports decreased by 6.4 percent. Exports of goods increased by 0.8 percent and imports decreased by 6.1 percent in the quarter ended in February when compared with the period December 2011 to February 2012, which led to a € 931 million decrease in the deficit of the trade balance.
Tuesday March 12 2013
Portugal Trade Deficit Narrows in January  
In January of 2013, Portugal posted a trade deficit of € 572 million. Year-on-year, exports increased by 5.6 percent, due to the rise in both Intra-EU trade and Extra-EU trade, namely in mineral fuels and chemical products. Imports decreased by 6.9 percent as a result of the decline in both markets, mostly due to mineral fuels.
Tuesday March 12 2013
Portugal Inflation Rate Down to 0.0 Percent in February  
In February 2013, the annual inflation rate measured by the CPI decreased 0.2 percentage points to 0.0 percent, comparing with the observed in the previous month. The annual core inflation rate, moved from 0.3 percent in January 2013 to -0.5 percent.
Monday March 11 2013
Portuguese Economy Contracts 1.8 Percent in Q4  
Comparing with the 3rd quarter of 2012, GDP diminished 1.8 percent (-0.9 percent in the previous quarter). Domestic demand registered a quarter-on-quarter change rate of -1.6 percent, mainly driven by the decline of private consumption (-2.3 percent). In 2012, Gross Domestic Product decreased 3.2 percent, after the reduction of 1.6 percent observed in the previous year.
Thursday February 14 2013
Portugal Economy Contracts 1.8 Percent in Q4  
The Portuguese Gross Domestic Product registered a year-on-year change rate of -3.8 percent in volume in the 4th quarter 2012 (-3.5 percent in the previous quarter), accordingly with the flash estimate of the Quarterly National Accounts. Comparing with the previous quarter, the Portuguese GDP diminished 1.8 percent.
Wednesday February 13 2013
Portugal Unemployment Rate Up to 16.9 Percent in Q4  
The unemployment rate estimated for the 4th quarter of 2012 was 16.9 percent. This value is up 2.9 percentage points from the same quarter of 2011 and 1.1 percentage points from the previous quarter, according to a release from the National Statistics Institute.
Tuesday February 12 2013
Portugal Inflation Rate Down to 0.2 Percent in January  
In January 2013, the CPI recorded an annual increase of 0.2%. This result was mainly due to the cancellation in the CPI of the base effect of tax changes introduced in January 2012, in particular VAT.
Monday February 11 2013
Portugal Trade Deficit Narrows in December From a Year Earlier  
In December 2012 exports decreased by 3.2 percent year-on-year, due to the fall in Intra-EU trade (namely in transport equipment and mineral products). Imports decreased by 7.9 percent vis-à-vis the figures of December 2011, as a result of the decline in Intra-EU trade (mostly due to machinery, mechanical appliances and in vehicles).
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