Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain Gross Domestic Product QoQ fell to 0.6% in Q1 2026
FMPMonthlyReleased April 2026
Spain Gross Domestic Product QoQ fell to 0.6% in Q1 2026, released April 2026, down 0.2% from December's 0.8% reading. The print exceeded the 0.5% consensus by 0.1%. The print is running well below the 12-month average of 0.7%. Gross Domestic Product QoQ is now the lowest in 13 months.
Latest Release
0.6
Actual
0.5
Consensus
0.8
Previous
Median Absolute Error
±0.05 percentage points
across last 9 releases
Last Call
Mar 2026
Predicted: 0.9
Actual: 0.8
Error: +0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.58 | COMMODITIES | Bearish XAU | → View |
| BTC/USD | ▲ Direct | +0.49 | CRYPTO | Bullish BTC | → View |
| EUR/USD | ▼ Inverse | −0.43 | FOREX | Bearish EUR | → View |
| GBP/USD | ▲ Direct | +0.29 | FOREX | Bullish GBP | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product QoQ (Spain) was reported at 0.6% in April 2026. This beat the market consensus of 0.5% by 0.1%. The reading fell from the previous value of 0.8%. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 0.7%, ranging from 0.6% to 0.8% across 7 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.73%, up from the prior three at 0.7%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 9 releases, the Sigmacast model's median absolute error is 0.05%.
WHAT TO WATCH NEXT
The next release is scheduled for June 25, 2026. Same-country events in the next 14 days include Balance of Trade (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
SHARE
Gross Domestic Product QoQ - ES
Loading chart data...
About Gross Domestic Product QoQ — Spain
DEFINITION
Spain's Gross Domestic Product QoQ rose 0.600000% in March 2026, missing the 0.500000% estimate but down from February's 0.800000%. The economy showed a slowdown compared to the prior month, indicating a deceleration in growth momentum. Market focus will remain on upcoming data releases and central bank signals amid this moderation. Updated 4/30/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 0.6 %, consensus 0.5 %. Prior reading (Oct 2025): 0.8 %. Before that (Oct 2025): 0.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.58) — a useful reference for commodities-focused traders.