Data released today by the Bank of Portugal showed a continuing negative three month trend which began in August.
According to the Monthly Economic Indicators revealed by the central bank's monthly report, economic activity fell -1.0% for the month.
This value is a decrease of 0.4% compared to September, but economic activity has in fact been slowing since March this year.
The Monthly Economic Indicators also showed a 1.7% drop in private consumption on top of a 1.8% fall in September.
The index of new orders in the construction sector recorded a strong decrease in the third quarter of 2014, down 31.2% mainly due to the engineering works sector according to a National Statistics Institute report today
In the previous quarter, the index had increased 1.9% giving a degree of hope to the Economy Minister who seized on the news as the green shoots of recovery.
