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Portugal GDP: Gross Domestic Product diminished 0.9% in real terms in the 2nd quarter 2011 - 2nd Quarter 2011

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Summary
In the 2nd quarter 2011, GDP diminished 0.9%, in real terms, compared with the same period of 2010 (change rate of -0.5% in the previous quarter). This reduction reflected the strong negative contribution of domestic demand, due to all components, mainly Investment. The contribution of net external demand increased in the 2nd quarter 2011, with Imports of Goods and Services registering a more negative year on year change rate and Exports of Goods and Services maintaining a strong growth.


Compared with the 1st quarter 2011, Portuguese GDP remained unchanged, reflecting opposing contributions of domestic demand (negative) and net external demand.


http://www.ine.pt/xportal/xmain?xpid=INE&xpgid=ine_destaques&DESTAQUESdest_boui=107715326&DESTAQUESmodo=2

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