14.08.201808:57:00UTC+00Portugal Q2 Economic Growth Accelerates

Portugal's economic growth accelerated in the three months ended June, after easing in the previous quarter, preliminary data from Statistics Portugal showed Tuesday.

Gross domestic product advanced 2.3 percent year-over-year in the second quarter, faster than the 2.1 percent rise in the first quarter.

Domestic demand logged a more intense positive contribution to annual GDP rate, due to the acceleration of private consumption,

Meanwhile, investment showed a less intense growth driven to a large extent by the decrease of gross fixed capital formation in transport equipment, reflecting the positive base effect recorded in the second quarter 2017.

On a quarterly basis, GDP rose 0.5 percent from the first quarter, when it expanded by 0.4 percent.