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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Economic Sentiment climbed to -10.2 in May 2026
FMPMonthlyReleased May 2026
Germany Economic Sentiment climbed to -10.2 in May 2026, up 7 from April's -17.2 reading. The print exceeded the -19.2 consensus by 9. The print is running well below the 12-month average of 35.1. Over the past 3 months, Economic Sentiment averaged 13.53, vs 52.7 in the prior 3-month window. The reading is in the 16th percentile of the trailing 24-month range.
Latest Release
-10.2
Actual
-19.2
Consensus
-17.2
Previous
Median Absolute Error
±10.13
across last 12 releases
Last Call
May 2026
Predicted: -30.95
Actual: -10.2
Error: -20.75
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| DAX | ▼ Inverse | −0.45 | INDEX | Bearish DAX | → View |
| Euro STOXX 50 | ▼ Inverse | −0.42 | INDEX | Bearish Euro STOXX 50 | → View |
| S&P 500 | ▲ Direct | +0.32 | INDEX | Bullish S&P 500 | → View |
| XAU/USD | ▲ Direct | +0.31 | COMMODITIES | Bullish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Economic Sentiment (Germany) was reported at -10.20 in May 2026. This beat the market consensus of -19.20 by 9.00. The reading rose from the previous value of -17.20. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 36.64, ranging from -10.20 to 59.60 across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 15.87, down from the prior three at 47.97.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with DAX (Bearish DAX). A secondary relationship exists with Euro STOXX 50, negatively correlated (Bearish Euro STOXX 50). Over the last 12 releases, the Sigmacast model's median absolute error is 10.13.
WHAT TO WATCH NEXT
The next release is scheduled for June 16, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Jun 15) and Wholesale Prices YoY (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Economic Sentiment - DE
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About Economic Sentiment — Germany
DEFINITION
index The economic sentiment index is a key financial indicator that measures the overall confidence and outlook of consumers and businesses towards the economy. It takes into account various factors such as consumer spending, business investment, and employment trends to provide a comprehensive assessment of the current economic climate. This index is widely used by investors, policymakers, and analysts to gauge the health of the economy and make informed decisions. A high economic sentiment index indicates a positive outlook, while a low index suggests a more cautious or negative sentiment.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual -10.2, consensus -19.2. Prior reading (Apr 2026): -17.2. Before that (Mar 2026): -0.5.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with DAX (Bearish DAX, r=-0.45) — a useful reference for index-focused traders.