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).
- Importancia
- Low
- Publicado
- Monthly
- Divisa
- EUR · euro
- Banco central
- The European Central Bank (with the Banco de Portugal)
Últimas cifras
El último dato, de FEB, se publicó el 2026-03-20 y fue 2.1%. No cambia respecto a 2.1% la vez anterior (revisado).
En las últimas 12 publicaciones osciló entre 1.5% y 2.3%, con una media de 1.9%.
| Publicado | Para | Real | Consenso | Anterior |
|---|---|---|---|---|
| 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% ® |
Por qué importa
No single statistic is reliable; a composite gives an early, smoother signal of turning points in the business cycle.
Cómo se calcula
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.
Qué significan los cambios
- 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.
Mayor de lo esperado: A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
Menor de lo esperado: A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
Una breve historia
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.
Preguntas
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.
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.