Portugal only grew less than Croatia and Slovenia – Jornal de Negócios – Portugal

Portugal grew more than the average of the Euro Area and the European Union in the measurement of the evolution of the GDP in chain in the third quarter, according to Eurostat data released on Tuesday, December 6, but has grown less if we consider the evolution year-on-year.

The Eurostat has revised upwards the first measure of the annual growth of the GDP of the Zone Euro and the European Union. So, in reading disclosed this Tuesday, the Eurostat reveals that the economy in the countries with the same currency grew in the third quarter, down 1.7% compared to the same period last year, showing an upward revision compared to the first estimate, published on the 15th of November, that gave account of a rise in GDP of 1.6%. Also for the whole of the European Union, Eurostat has revised upwards the GDP growth, pointing now to a year on year growth of 1.9% compared to the first estimate of 1.8%.

Portugal grew 1.6% in this period and in comparison with the same quarter last year.

In the evaluation chain, Portugal was the same, according to Eurostat, the third economy that has grown most in the European Union and the second largest in the Euro Zone, only surpassed by Slovenia (1%). In the Eu the largest growth was registered in Croatia, with GDP expanding 1.7% in the third quarter compared to the second. Portugal grew by 0.8% in the chain, the same as Greece, and surpassing Spain, Slovakia, the Netherlands and Bulgaria, all with a GDP growth of 0.7%.

there are Still no data for Ireland, Luxembourg and Malta.

In the evolution in the chain (the third face to the second quarter), the GDP in the Eurozone grew by 0.3% and 0.4% in the eu 28, while maintaining the growth of the second quarter.

With a 0.8% growth in chain, Portugal accelerated in relation to the european partners.

The evolution in the third quarter in the Euro Zone and the European Union, was justified, in part, by the growth of household consumption, which reached, respectivmente of 0.3% and 0.4%. Already the investment stood at 0.2% in both the blocks and the exports went up by 0.1%. It was for the expenses of the families that contributed to the evolution of the GDP in Europe.

(News updated at 10:45 with more information)