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Portugal monthly economic activity rises 1.4% in February

Portugal monthly economic activity rises 1.4% in February

LISBON: According to the central bank’s indicators the monthly economic activity indicator rose to 1.4% in February, from 1.2% a month earlier and 1.0% in December “extending the trend observed since the fourth quarter of last year.”

The indicator for ongoing economic activity in Portugal rose in February for the fourth consecutive month while private consumption as stable month-on-month according to data released on Friday by the Bank of Portugal.

The monthly coincident indicator for private consumption remained at 2.3% in February and “has remained relatively stable over the last four months.”

The coincident indicators are composite numbers that reflect the year-on-year change of the respective economic aggregate.