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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PortugalPortugal Gross Domestic Product QoQ climbed to 0.8% in Q2 2026
FMPMonthlyReleased August 2026
Portugal Gross Domestic Product QoQ climbed to 0.8% in Q2 2026, released August 2026, up 0.7% from March's 0.1% reading. The reading matched the 0.8% consensus. The print is running well above the 12-month average of 0.48%. The reading is in the 65th percentile of the trailing 24-month range.
Latest Release
0.8
Actual
0.8
Consensus
0.1
Previous
Median Absolute Error
±0 percentage points
across last 9 releases
Last Call
Aug 2026
Predicted: 0.8
Actual: 0.8
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.59 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.49 | FOREX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.47 | CRYPTO | Moves with | → View |
| GBP/USD | ▲ Direct | +0.39 | FOREX | Moves with | → 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 August 2026. This matched the market consensus of 0.8% exactly. The reading rose from the previous value of 0.1%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.7%, ranging from 0% to 0.9% across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 0.53%, down from the prior three at 0.83%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with USD/JPY, negatively correlated (Bearish USD). Over the last 9 releases, the Sigmacast model's median absolute error is 0%.
Auto-generated from current model state · Refreshes on each release · Last update August 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, matching estimates and sharply up from Q1's 0.100000%. This marks a strong acceleration in economic growth, signaling expansion after a modest previous quarter. Market focus now shifts to upcoming inflation data and ECB policy decisions amid sustained momentum. Updated 8/31/26
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 %, consensus 0.8 %. Prior reading (Apr 2026): 0.8 %. Before that (Jan 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.59) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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