Summary
The Portuguese Gross Domestic Product (GDP) registered a year-on-year change rate of -3.3% in volume in the 2nd quarter 2012 (-2.3% in the previous quarter). The stronger decline of GDP was driven by a more negative contribution of domestic demand, particularly in the case of Investment. The positive contribution of net external demand increased, reflecting the more intense reduction of Imports of Goods and Services, while Exports of Goods and Services decelerated.
Comparing with the previous quarter, the Portuguese GDP diminished 1.2%.