Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain Gross Domestic Product YoY held to 2.7% in January 2026
FMPMonthlyReleased April 2026
Spain Gross Domestic Product YoY held to 2.7% in January 2026, released April 2026. The reading matched the 2.7% consensus. The print is running well below the 12-month average of 2.87%.
Latest Release
2.7
Actual
2.7
Consensus
2.7
Previous
Median Absolute Error
±0.1 percentage points
across last 7 releases
Last Call
Mar 2026
Predicted: 2.55
Actual: 2.7
Error: -0.15
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 |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.53 | CRYPTO | Bearish BTC | → View |
| EUR/USD | ▼ Inverse | −0.33 | FOREX | Bearish EUR | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Bearish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product YoY (Spain) was reported at 2.7% in April 2026. This matched the market consensus of 2.7% exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 2.8%, ranging from 2.6% to 3.1% across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 2.7%, down from the prior three at 2.9%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 7 releases, the Sigmacast model's median absolute error is 0.1%.
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) and Gross Domestic Product QoQ (Jun 25).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
SHARE
Gross Domestic Product YoY - ES
Loading chart data...
About Gross Domestic Product YoY — Spain
DEFINITION
Spain's Gross Domestic Product YoY for March held steady at 2.7%, matching both estimates and the previous month's reading of 2.7%. This stability follows a slight dip from January's 2.6% and maintains the moderate growth trend observed since late 2025. Market participants will focus on upcoming data releases for further clarity on Spain's economic momentum. Updated 4/30/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 2.7 %, consensus 2.7 %. Prior reading (Oct 2025): 2.7 %. Before that (Oct 2025): 2.6 %.
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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.53) — a useful reference for crypto-focused traders.