Leading and composite indicators · Portugal
Portugal Economic Activity YoY
The Portugal Economic Activity YoY combines several economic series for Portugal into one index meant to show where the economy is (coincident) or where it is heading (leading).
- Importance
- Low
- Released
- Monthly
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the Banco de Portugal)
Latest figures
The latest release for FEB, published on 20 March 2026, came in at 2.1%, unchanged from 2.1% the time before (revised).
Over the last 12 releases it ranged from 1.5% to 2.3%, averaging 1.9%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 20 Mar 2026 | FEB | 2.1% | – | 2.1% ® |
| 20 Feb 2026 | JAN | 2.2% | – | 2.2% |
| 16 Jan 2026 | DEC | 2.2% | – | 2.1% ® |
| 19 Dec 2025 | NOV | 2.3% | – | 2.2% |
| 13 Nov 2025 | OCT | 2.2% | – | 1.8% |
| 17 Oct 2025 | SEP | 1.8% | – | 1.8% ® |
| 18 Sep 2025 | AUG | 1.6% | – | 1.7% |
| 15 Aug 2025 | JUL | 1.7% | – | 1.7% ® |
| 18 Jul 2025 | JUN | 1.5% | – | 1.6% |
| 23 Jun 2025 | MAY | 1.6% | – | 1.6% |
| 15 May 2025 | APR | 1.6% | – | 1.6% ® |
| 17 Apr 2025 | MAR | 2% | – | 1.9% ® |
Why it matters
No single statistic is reliable; a composite gives an early, smoother signal of turning points in the business cycle.
How it is calculated
Components such as new orders, building permits, share prices, credit and jobless claims are standardised and averaged; the index is reported as a level and a change.
What changes mean
- Several months of decline in a leading index have often preceded recessions, with false alarms.
- Markets usually react little because most components are already known.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
A short history
Wesley Mitchell and Arthur Burns at the National Bureau of Economic Research developed leading indicators in the 1930s; the Conference Board publishes the best-known US index today.
Questions
What is the Portugal Economic Activity YoY?
The Portugal Economic Activity YoY combines several economic series for Portugal into one index meant to show where the economy is (coincident) or where it is heading (leading).
What was the latest Portugal Economic Activity YoY?
2.1% for FEB, published on 20 March 2026.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.