FOREX TradingCharts.com

Financial News: Portugal GDP Growth Slows As Estimated, Inflation Rises

Portugal GDP Growth Slows As Estimated, Inflation Rises

05/30/2025 - 09:38:00 (RTTNews)

(RTTNews) - Portugal'sĀ economic growth eased as initially estimated in the first quarter, while flash consumer price inflation rose somewhat in May, separate reports from Statistics Portugal showed on Friday.

Gross domestic product, or GDP, advanced 1.6 percent year-on-year in the March quarter, slower than the 2.8 percent rise in the fourth quarter. That was in line with the flash data published on May 2.

The annual growth in domestic demand moderated slightly to 3.5 percent in the March quarter from 3.6 percent in the previous three-month period. The decline was due to a slower increase in private consumption, which grew 3.3 percent compared to 4.9 percent in the fourth quarter.

External demand continued to contribute negatively by 2.0 percent as imports grew faster than exports.

Meanwhile, growth in investments accelerated sharply to 6.0 percent from 1.5 percent. Data showed that public consumption was 1.3 percent higher.

On a quarterly basis, the economy contracted 0.5 percent in the first quarter, reversing a 1.4 percent growth in the previous quarter, as estimated.

Consumer price inflation in Portugal rose to 2.3 percent in May from 2.1 percent in April. Prices for energy products rebounded 0.1 percent, and inflation based in unprocessed food accelerated to 4.1 percent from 3.3 percent.

On a monthly basis, consumer prices moved up 0.4 percent after rising 0.7 percent in April.

The EU measure of inflation moderated to 1.7 percent in May from 2.1 percent in April.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Twenty-Year Bond Auction Attracts Strong Demand (09 min(s), 10 sec(s) ago)
(RTTNews) - The Treasury Department on Wednesday announced the results of this month's auction ...Full Story»

Denmark Consumer Confidence Weakens Slightly (01 hr(s), 16 min(s), 10 sec(s) ago)
(RTTNews) - Pessimism among Danish consumers worsened increased somewhat in July after a strong de ...Full Story»

U.S. Crude Oil Inventories Fall More Than Expected (02 hr(s), 38 min(s), 10 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. decreased by more than expected in the week ended Ju ...Full Story»

U.S. Existing Home Sales Slump To Nine-Month Low In June (02 hr(s), 55 min(s), 10 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Wednesday showed existing ...Full Story»

South Africa Inflation At 4-Month High (06 hr(s), 29 min(s), 10 sec(s) ago)
(RTTNews) - South Africa's consumer price inflation accelerated to a four-month high in June, ...Full Story»

Singapore Inflation Steady At 0.8% (09 hr(s), 03 min(s), 10 sec(s) ago)
(RTTNews) - Singapore's consumer prices logged a steady growth in June, official data revealed ...Full Story»

Sri Lanka Central Bank Holds Policy Rate (09 hr(s), 20 min(s), 10 sec(s) ago)
(RTTNews) - Sri Lanka's central bank maintained its interest rate on Wednesday amid intensifyi ...Full Story»

Australia's Leading Index Signals Soft Economic Activity In H2: Westpac (11 hr(s), 02 min(s), 10 sec(s) ago)
(RTTNews) - Australia's leading index signaled soft economic activity through the second half ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Twenty-Year Bond Auction Attracts Strong Demand

07/23/2025 - 13:09 PM (RTTNews)
(RTTNews) - The Treasury Department on Wednesday announced the results of this month's auction ...Full Story>>

Denmark Consumer Confidence Weakens Slightly

07/23/2025 - 12:02 PM (RTTNews)
(RTTNews) - Pessimism among Danish consumers worsened increased somewhat in July after a strong de ...Full Story>>

U.S. Crude Oil Inventories Fall More Than Expected

07/23/2025 - 10:40 AM (RTTNews)
(RTTNews) - Crude oil inventories in the U.S. decreased by more than expected in the week ended Ju ...Full Story>>

U.S. Existing Home Sales Slump To Nine-Month Low In June

07/23/2025 - 10:23 AM (RTTNews)
(RTTNews) - A report released by the National Association of Realtors on Wednesday showed existing ...Full Story>>

South Africa Inflation At 4-Month High

07/23/2025 - 06:49 AM (RTTNews)
(RTTNews) - South Africa's consumer price inflation accelerated to a four-month high in June, ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.