FAST Indicator points to stabilisation in GDP in Portugal

The FAST® (Financial Analyst’s Survey Trend) Indicator, which combines macroeconomic and sector expectations over the next six months, rose in June. In Portugal it rose to 50.6 points, crossing the zero-growth threshold one month earlier than we expected and signalling a stabilisation in activity for the first time since the series began. In Spain, the indicator rose from 33.6 to 37.1. Should its rate of change remain similar to that of the last few months, the indicator would cross the zero-growth threshold by September.