Portugal's economy jumped back from a deep slump in the second quarter with gross domestic product rising 1.1% after dipping 0.4% in the first quarter, new figures showed today.
The rise in quarterly growth marked the first expansion in 10 quarters.
Portugal's National Statistics Institute also said the economy contracted 2% in the quarter compared with the same time a year earlier. In the first quarter the economy shrank a revised 4.1% from a year earlier.
Analysts had expected the economy to expand by an average 0.5% in the second quarter from the previous quarter.
INE said stronger economic activity in the period was due to higher exports and an easing of previous contraction in investment.
