Portugal's economic growth moderated as initially estimated in the fourth quarter, while flash consumer price inflation accelerated in February, separate reports from Statistics Portugal showed on Friday.
Gross domestic product advanced 1.9 percent year-on-year in the fourth quarter, slower than the 2.2 percent rise in the third quarter. That was in line with the flash data published earlier.
The negative contribution of net external demand to the annual growth rate of GDP was less pronounced in the fourth quarter, with the slowdown in imports of goods and services more than offsetting the decrease in exports of goods and services, the agency said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.