The Portuguese Gross Domestic Product (GDP) registered a year-on-year change rate of -3.5% in volume in the 3rd quarter 2012 (-3.1% in the previous quarter), corresponding to a downward revision of 0.1 percentage point comparing with the Flash Estimate . The domestic demand recorded a less negative contribution for the year-on-year change rate of GDP, which shifted from -8.7 p.p. in the 2nd quarter 2012 to -7.4 p.p., mainly reflecting a less expressive reduction of Investment. The positive contribution of net external demand to the year-on-year change rate of GDP decreased to 3.9 p.p. (5.6 p.p. in the previous quarter), determined by the less intense reduction of Imports of Goods and Services and by the deceleration of Exports of Goods and Services.
Comparing with the previous quarter, the Portuguese GDP decreased 0.9% (change rate of -1.0% in the 2nd quarter).