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INE

INE's Q1 2026 Flash Estimate Stops Quarterly Growth at Zero as April Inflation Jumps to 3.4% — Storm Cluster and Iran Conflict Knock 0.2pp Off GDP, Energy Prices Drive Headline CPI Up 0.7pp in a Month

INE's Q1 2026 Flash Estimate Stops Quarterly Growth at Zero as April Inflation Jumps to 3.4% — Storm Cluster and Iran Conflict Knock 0.2pp Off GDP, Energy Prices Drive Headline CPI Up 0.7pp in a Month

Statistics Portugal's flash estimates for Q1 GDP and April CPI, published Thursday, point to a stalling economy and reaccelerating prices. Quarterly growth is zero, year-on-year growth holds at 2.3%, and headline inflation lifts to 3.4% on the back of an 11.7% energy contribution.
The Portugal Brief
INE's March Unemployment Read Holds at 5.8% as the Labour Underutilisation Rate Slips to 9.8% — Employed Population Reaches 5.07 Million, the Highest March Reading in the Quarterly Labour Force Survey Series

INE's March Unemployment Read Holds at 5.8% as the Labour Underutilisation Rate Slips to 9.8% — Employed Population Reaches 5.07 Million, the Highest March Reading in the Quarterly Labour Force Survey Series

INE's provisional March 2026 release leaves the unemployment rate at 5.8% — flat on February, 0.5pp below March 2025 — while labour underutilisation eases to 9.8%. The employed population sits at 5.07 million, the strongest March reading in the LFS series.
The Portugal Brief