Loading page content
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▼ Inverse | −0.35 | FOREX | Bearish GBP | → View |
| BTC/USD | ▼ Inverse | −0.32 | CRYPTO | Bearish BTC | → 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% in May 2026. This matched the market consensus of 0% exactly. The reading fell from the previous value of 0.9%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.64%, 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 0.73%. In May readings over the past 3 years, Gross Domestic Product QoQ has averaged -0.33%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/USD (Bearish GBP). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). 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 May 2026.
SHARE
Gross Domestic Product QoQ - PT
Loading chart data...
About Gross Domestic Product QoQ — Portugal
DEFINITION
Portugal's Gross Domestic Product QoQ came in at 0.000000% for Q1 2026, matching the previous quarter's 0.900000% growth rate. This flat reading in Q1 follows a solid expansion in Q4 2025, indicating a sharp slowdown in economic momentum. Market participants will focus on upcoming data releases and central bank signals amid this stagnation. Updated 5/29/26
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 0 %, consensus 0 %. 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.