Summary
The Portuguese Gross Domestic Product (GDP) increased by 0.8% in volume in the first quarter 2014, compared with the same period of 2013 (1.3% in the first quarter 2014), according to the flash estimate of the Quarterly National Accounts. Domestic demand presented a less intense positive contribution to the GDP year-on-year change rate in the second quarter, mainly reflecting the Investment evolution. Net external demand recorded a less negative contribution in the second quarter, due to the deceleration of Imports of Goods and Services, while Exports of Goods and Services decelerated.
Comparing with the previous quarter, GDP increased by 0.6% in real terms (change rate of -0.6% in the first quarter), mainly reflecting the increase in Exports of Goods and Services.