Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PortugalPortugal Current Account climbed to 1,419.85M in August 2026
FMPMonthlyReleased October 2026
Portugal Current Account climbed to 1,419.85M in August 2026, released October 2026, up 592.15M from July's 827.7M reading. The print exceeded the 1,050M consensus by 369.85M. Current Account has now risen for 4 consecutive months. Over the past 3 months, Current Account averaged 262.14M, vs -62.81M in the prior 3-month window. Current Account is now the highest in 11 months.
Latest Release
1419.85
Actual
1050
Consensus
827.7
Previous
Median Absolute Error
±516.2 million
across last 12 releases
Last Call
Oct 2026
Predicted: 862.32
Actual: 1,419.85
Error: -557.53
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 |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.46 | CRYPTO | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.29 | COMMODITIES | Moves against | → View |
| S&P 500 | ▲ Direct | +0.28 | INDEX | Moves with | → View |
| USD/JPY | ▲ Direct | +0.27 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Current Account (Portugal) was reported at 1,419.85 million in October 2026. This beat the market consensus of 1,050.00 million by 369.85 million. The reading rose from the previous value of 827.70 million. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 310.25 million, ranging from -632.82 million to 1,419.85 million across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 648.04 million, up from the prior three at -62.81 million. Volatility over the past year (σ 594.60 million) is lower than the prior year (σ 699.05 million). In October readings over the past 3 years, Current Account has averaged 1,453.95 million.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 516.20 million.
WHAT TO WATCH NEXT
The next release is scheduled for November 19, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
SHARE
Current Account - PT
Loading chart data...
About Current Account — Portugal
DEFINITION
The Current Account is a financial indicator that measures a country's trade balance, including the value of goods and services exported and imported, as well as income received and payments made to other countries. It provides insight into a nation's economic health and its ability to pay for imports and service its debt. A positive current account balance indicates a surplus, while a negative balance indicates a deficit. This indicator is closely monitored by investors, policymakers, and economists as it can impact a country's currency value and overall economic stability.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. 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 (Aug 2026): actual 0.411 M, consensus 1,050 M. Prior reading (Jul 2026): -1.009 M. Before that (Jun 2026): -303.4 M.
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. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.46) — a useful reference for crypto-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - PT Events
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:00 | PT | Retail Sales MoM | -0.7 | 0.5 | 0.50 | Low | |
| 11:00 | PT | Industrial Production MoM | -2 | 0.9 | 0.90 | Low | |
| 11:00 | PT | Retail Sales YoY | 2.4 | 2.4 | 2.40 | Low | |
| 11:00 | PT | Industrial Production YoY | -3.8 | -1.6 | -1.60 | Low | |
| 11:30 | PT | Budget Balance | -7.3 | -4.6 | -4.60 | Low | |
| Tuesday, November 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:30 | PT | Budget Balance | -7.3 | -4.6 | -4.60 | Low | |