UPDATE 1-Portugal revises quarterly rebound slightly higher to 13.3%
By Reuters Staff (Recasts, adds quote) LISBON, Nov 13 (Reuters) - Portugal revised its third-quarter growth slightly higher to 13.3% as the economy rebounded from a record coronavirus-induced slump in the preceding three months, the National Statistics Institute (INE) said on Friday, citing positive export data. Its initial estimate for quarter-on-quarter growth released at the end of October was 13.2%. In April-June, the economy shrunk 13.9% quarter-on-quarter and 16.4% year-on-year. While the economy still shrank 5.7% in the third quarter from a year earlier, the INE’s second reading was ...
Source: reuters.com