Portugal

ECO of the Week: China’s Growth, Learnings Season and Notation of France

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Briefings

The week features China's third-quarter GDP growth projected at 4.4%, driven by global demand for semiconductors and clean technologies. Wall Street earnings season continues with S&P 500 profits expected to rise 30.7%, while European stocks show mixed results. The French sovereign debt rating faces a potential downgrade by Moody's, and Portugal's Navigator Company reports a significant 42.3% drop in net income due to raw material costs. Housing loan interest rates in Portugal rose to 3.162% in September, marking the fourth consecutive increase.

Key points

• China's third-quarter GDP growth is projected at 4.4%, supported by strong global demand for semiconductors and clean technologies.
• Netflix announced a workforce reduction of approximately 6,000 jobs in the third quarter, representing its largest cut since 2022.

Context

This briefing covers the economic week in October 2026, focusing on China's GDP growth, Wall Street earnings, European stock performance, and specific financial data from Portugal. The French sovereign debt rating downgrade and housing market interest rate increases are key regional developments.

Limitations

Data sources include Reuters, Allianz, LSEG, and Banco de Portugal. Some figures are projections or estimates, and specific causal links between economic factors and outcomes are not fully established.

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