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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PortugalPortugal Gross Domestic Product QoQ fell to 0.0% in Q1 2026
FMPMonthlyReleased May 2026
Portugal Gross Domestic Product QoQ fell to 0.0% in Q1 2026, released May 2026, down 0.9% from December's 0.9% reading. The reading matched the 0.0% consensus. The print is running well below the 12-month average of 0.5%. Gross Domestic Product QoQ is now the lowest in 10 months.
Latest Release
0
Actual
0
Consensus
0.9
Previous
Median Absolute Error
±0.03 percentage points
across last 8 releases
Last Call
May 2026
Predicted: 0
Actual: 0
Error: +0
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 | ▼ Inverse | −0.77 | CRYPTO | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.41 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product QoQ (Portugal) was reported at 0.8% in July 2026. The reading rose from the previous value of 0%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.67%, ranging from 0% to 0.9% across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 0.57%, down from the prior three at 0.8%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with GBP/USD, negatively correlated (Bearish GBP). Over the last 8 releases, the Sigmacast model's median absolute error is 0.03%.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Gross Domestic Product QoQ - PT
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About Gross Domestic Product QoQ — Portugal
DEFINITION
Portugal's Gross Domestic Product QoQ rose 0.800000% in Q2 2026, marking a clear acceleration from Q1's flat 0.000000%. This growth signals a rebound after no change in the previous quarter, reflecting expanding economic activity. Market focus will shift to upcoming inflation data and central bank commentary for further guidance. Updated 7/30/26
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 (Apr 2026): actual 0.8 %. Prior reading (Jan 2026): 0 %. Before that (Jan 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher 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 tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.77) — a useful reference for crypto-focused traders.
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EXPECTED ZONE
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Economic Calendar - PT Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:30 | PT | Inflation Rate MoM | -0.5 | 0.1 | 0 | -0.25 | Low |
| 08:30 | PT | Inflation Rate YoY | 3 | 3.2 | 3.6 | 3.30 | Low |
| 10:00 | PT | Industrial Production YoY | -0.7 | -1.6 | -0.8 | 0.93 | Low |
| 10:00 | PT | Industrial Production MoM | -3.8 | 1 | 0.4 | 0.00 | Low |
| 16:30 | PT | Budget Balance | -6.7 | -7 | -7.3 | -7.22 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:30 | PT | Budget Balance | -7 | -7.3 | -7.22 | Low | |