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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IrelandIreland GNP QoQ fell to -5.0% in Q2 2026
FMPMonthlyReleased September 2026
Ireland GNP QoQ fell to -5.0% in Q2 2026, released September 2026, down 10.9% from March's 5.9% reading. The reading missed the -2.0% consensus by 3.0%. GNP QoQ has now declined for 3 consecutive months. GNP QoQ is now the lowest in 12 months.
Latest Release
-5
Actual
-2
Consensus
5.9
Previous
Median Absolute Error
±3.02 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: -2
Actual: -5
Error: +3
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GNP QoQ (Ireland) was reported at -5% in September 2026. This missed the market consensus of -2% by 3%. The reading fell from the previous value of 5.9%. Trailing 12-month context per ETL data through September 2026.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0%, down from the prior three at 3.1%. In September readings over the past 3 years, GNP QoQ has averaged 4.67%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 3.03%.
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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GNP QoQ - IE
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About GNP QoQ — Ireland
DEFINITION
GNP QoQ stands for Gross National Product Quarter over Quarter and is a financial indicator that measures the change in a country's economic output from one quarter to the next. It is a key metric used to track the overall health and growth of a nation's economy, providing valuable insights into the pace of economic activity. GNP QoQ is often used by investors, policymakers, and analysts to make informed decisions about economic trends and potential investment opportunities.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Apr 2026): actual -5 %, consensus -2 %. Prior reading (Jan 2026): 1.5 %. Before that (Oct 2025): 3.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower 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.
Σ
EXPECTED ZONE
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Economic Calendar - IE Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | IE | Residential Property Prices YoY | 5.5 | 5.6 | 5.4 | 5.45 | Low |
| 10:00 | IE | Residential Property Prices MoM | 0.8 | 0.6 | 0.6 | 0.70 | Low |
| 10:00 | IE | Balance of Trade | 5.3 | 3.8 | 6.4 | 5.85 | Low |