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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PortugalPortugal Producer Price Index YoY climbed to 3.8% in April 2026
FMPMonthlyReleased May 2026
Portugal Producer Price Index YoY climbed to 3.8% in April 2026, released May 2026, up 3.8% from March's 0.0% reading. The print exceeded the 2.7% consensus by 1.1%. Producer Price Index YoY has now risen for 3 consecutive months. Over the past 3 months, Producer Price Index YoY averaged -1.87%, vs -3.25% in the prior 3-month window. Producer Price Index YoY is now the highest in 15 months.
Latest Release
3.8
Actual
2.7
Consensus
0
Previous
Median Absolute Error
±0.75 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 2.25
Actual: 3.8
Error: -1.55
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 |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.59 | COMMODITIES | Bullish XAU | → View |
| EUR/USD | ▲ Direct | +0.27 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index YoY (Portugal) was reported at 3.8% in May 2026. This beat the market consensus of 2.7% by 1.1%. The reading rose from the previous value of 0%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -2.63%, ranging from -4.3% to 3.8% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged -0.6%, up from the prior three at -3.1%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.75%.
WHAT TO WATCH NEXT
The next release is scheduled for June 18, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Producer Price Index YoY - PT
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About Producer Price Index YoY — Portugal
DEFINITION
Portugal's Producer Price Index YoY rose to 3.800000% in April, beating the 2.700000% estimate and up from 0.000000% in March. This marks a significant acceleration in producer inflation, reflecting rising input costs across sectors. Market focus will shift to upcoming inflation data and central bank responses amid persistent price pressures. Updated 5/19/26
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 3.8 %, consensus 2.7 %. Prior reading (Mar 2026): 0 %. Before that (Mar 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially 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 XAU/USD (Bullish XAU, r=0.59) — a useful reference for commodities-focused traders.