Portugal's economic activity grew by 2.2% year over year in January 2026, the same pace as in the month before. Leading Economic Index in Portugal averaged 1.92 percent from 1978 until 2026, reaching an all time high of 7.40 percent in February of 2022 and a record low of -7.20 percent in June of 2020. source: Banco de Portugal

Leading Economic Index in Portugal is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Economic Activity Coincident Indicator YoY is projected to trend around 1.60 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-16 12:00 PM
Economic Activity YoY
Dec 2.2% 2.1% 2.2%
2026-02-20 11:00 AM
Economic Activity YoY
Jan 2.2% 2.2% 2.1%
2026-03-19 11:30 AM
Economic Activity YoY
Feb 2.2% 2.1%


Related Last Previous Unit Reference
Business Confidence 3.00 3.10 points Jan 2026
Capacity Utilization 81.70 81.10 percent Dec 2025
Car Production 15649.00 16264.00 Units Jan 2026
Car Registrations 20879.00 16459.00 Units Dec 2025
Changes in Inventories 178.96 252.67 EUR Million Sep 2025
Corruption Index 56.00 57.00 Points Dec 2025
Corruption Rank 46.00 43.00 Dec 2025
Electricity Production 4480.56 3859.60 Gigawatt-hour Nov 2025
Industrial Production YoY 2.30 0.30 percent Dec 2025
Industrial Production MoM -1.90 -3.10 percent Dec 2025
Economic Activity Coincident Indicator YoY 2.20 2.20 percent Jan 2026
Manufacturing Production -1.10 -0.90 percent Dec 2025
Mining Production 14.60 8.60 percent Dec 2025
Natural Gas Stocks Capacity 3.57 3.57 TWh Feb 2026
Natural Gas Stocks Injection 0.00 0.00 GWh/d Feb 2026
Natural Gas Stocks Inventory 2.74 2.74 TWh Feb 2026
Natural Gas Stocks Withdrawal 0.00 0.00 GWh/d Feb 2026


Portugal Economic Activity Coincident Indicator YoY
In Portugal, economic activity year-on-year refers to the annual change of the coincident indicator for the Portuguese economy activity that includes eight major indicators: real GDP; retail sales volume (retail trade survey); sales of heavy commercial vehicles; cement sales; manufacturing production index; households’ financial situation (consumer survey); new job vacancies; and an external environment proxy.
Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.20 7.40 -7.20 1978 - 2026 percent Monthly
NSA