Economic activity slowed down in June year-on-year, despite the slight improvement in industrial production, and there was a smaller contribution from net external demand, according to the CIP/ISEG barometer released today. “Only next month will it be possible to provide an estimate for GDP growth in the second quarter, however, it is already possible to predict that this growth will have a greater contribution from domestic demand, as opposed to a smaller contribution from net external demand,” concluded the analysis by the Portuguese Business Confederation (CIP) and the Higher Institute of Economics and Management (ISEG).
Portuguese economy slows down in June – barometer
