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Portugal's growth falls behind the euro area.
Market Europe
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April 1, 2006
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COPYRIGHT 2006 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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According to the latest available survey data from Portugal's National Statistics Institute (INE) (published March 17, 2006), private consumption is in the midst of a recovery. The recovery is evident, says INE, "in both the current consumption and the durable goods consumption."
In the graph above, Portugal's durable goods indicator is plotted in blue. It took a sharp plunge between August 2005 and September 2005. Economic activity, as can be seen in red in the graph above also declined, but not as sharply.
Currently, as the durables indicator shows, this ...
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