The data published this morning by the National Statistics Institute (INE) show that, after all, the Portuguese economy has not grown 0.8%, but 0.9% in the first quarter of the year compared to the same period 2015. in jail, instead of 0.1%, the INE estimates now that the economy has advanced 0.2%.
This is good news for the national economic activity, but that still leaves the growth of gross domestic product (GDP) away from the annual Government target (0.9% vs. 1.8%) . The reason for the revision of the flash estimate (13 May) is explained by the INE with the incorporation of new information on the deflators of exports and imports.
“The Gross Domestic Product (GDP ) recorded year on year, an increase of 0.9% in volume in the first quarter of 2016 (variation of 1.3% in the previous quarter). net external demand registered a negative contribution of 1.1 percentage points to the variation annual GDP, the same as observed in the fourth quarter of 2015, verifying a slowdown of Goods and Services Exports and Imports of Goods and Services, “explained the INE, the emphasis has published Tuesday, May 31.