Friday, September 7, 2007

Portugal final Q2 GDP up 0.5 pct vs Q1, up 1.6 pct yr-on-yr

Sep 7, 2007 - GDP rose 0.5 pct in the second quarter of this year from the first, and was up 1.6 pct from a year earlier, according to the final statistics from the INE statistics institute.

In a statement, INE said that year-on-year growth in the second quarter was slower than the 2.00 pct growth registered in the first.

The figures are practically in line with the preliminary calculations released mid-August, which estimated 1.6 pct year-on-year and 0.4 pct quarter- on-quarter growth for the second quarter.

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