Within economic activity, the INE noted, its quantitative index of private consumption “slowed down in September, reflecting a smaller positive contribution of consumption of both durable and non-durable” items.
The index of gross fixed capital formation also slowed in September, according to the INE, which cited a smaller contribution from construction components and machinery and equipment.
Meanwhile, “exports and imports of goods showed year-on-increases of 6.1 percent and 7.3 percent in September, respectively (8.8 percent and 13.1 percent in August)”.
Economic activity in terms of output, and the indices for turnover in industry and in services all slowed, while industrial output was down on a year earlier, the INE said. By contrast, output in construction rose in September.
It noted that the same overall downward trend is being seen in the euro zone as a whole. In October “the index of consumer confidence and the index of economic sentiment fell”.
In Portugal, GDP in the third quarter of this year was 2.1 percent larger than in the same period a year earlier. In the previous quarter, the year-on-year increase had been 2.4 percent.