Wednesday, August 14, 2013

Portugal 2nd quarter GDP: +1.1% q/q , BUT (Portugal Statistics explains)


A question possibly also asked by others in Europe (and elsewhere)

The chart looks nice:



Commissioner Rehn is happy , too:


, but as always 'the devil is in the details':
The less intense year-on-year reduction of GDP in the 2nd quarter was mainly driven by the less pronounced decrease of Investment, particularly in Construction, and to the significant acceleration of Exports of Goods and Services, partially due to the calendar effect associated to the Easter celebration (in 2012, it took place in April whereas in 2013 it occurred in March).
source: Statistics Portugal (#FF)


P.S: 
There is now a new Twitter handle for the people who fancy graphics

No comments:

Post a Comment