The unemployment rate in Portugal fell again in June to 17.4%. This is the second month in a row that the figures have been going down since peaking at 17.8% in April.
Portuguese public debt was the third highest in the European Union (EU) in the first quarter of 2013, Eurostat said on Monday.
The summer economic bulletin estimated that gross domestic product (GDP) would shrink by 2% this year, compared to an original growth forecast of -2.3%, and 0.3% next year, while the earlier forecast for next year had been 1.1%.
The rise in May was seen both in new houses and older properties, according to an index based on information from more than 1,400 real estate agents released on Thursday.
The European statistics office said that despite the slight fall, the jobless rate in Portugal is still the third highest after Spain and Greece.
The state ran a budget deficit of 10.6% in the first quarter including state’s capital injection into the Banif bank. The budget deficit minus the bank bailout operation would have stood at 8.8%.
The indicator for confidence in the economy continued to improve somewhat in May while the private consumption indicator lessened the extent of its fall in April.
The National Statistics Institute revised down Portugal’s first quarter GDP, showing a decrease of 4% compared to the same period last year. This was the second biggest drop since records began.
According to the latest figures from the General Directorate of the Budget there was a spike of over €1bn in the Portuguese state budget deficit between March and April.
The year-on-year first-quarter figures were worse than the 3.7% fall seen in the previous quarter.