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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Economic Sentiment climbed to 34.2 in August 2026
FMPMonthlyReleased August 2026
Germany Economic Sentiment climbed to 34.2 in August 2026, up 7.9 from July's 26.3 reading. The print exceeded the 30.1 consensus by 4.1. Economic Sentiment has now risen for 5 consecutive months. Over the past 3 months, Economic Sentiment averaged 18.4, vs -9.3 in the prior 3-month window. The reading is in the 45th percentile of the trailing 24-month range.
Latest Release
34.2
Actual
30.1
Consensus
26.3
Previous
Median Absolute Error
±8.47
across last 12 releases
Last Call
Aug 2026
Predicted: 36.98
Actual: 34.2
Error: +2.77
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.53 | CRYPTO | Moves against | → View |
| DAX | ▼ Inverse | −0.43 | INDEX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.39 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.32 | COMMODITIES | Moves with | → 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 34.20 in August 2026. This beat the market consensus of 30.10 by 4.10. The reading rose from the previous value of 26.30. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 30.83, 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 upward over the last three releases. The trailing three releases averaged 23.67, up from the prior three at 15.87. Volatility over the past year (σ 21.51) is comparable than the prior year (σ 21.58).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with DAX, negatively correlated (Bearish DAX). Over the last 12 releases, the Sigmacast model's median absolute error is 8.48.
WHAT TO WATCH NEXT
The next release is scheduled for September 15, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Sep 15) and Wholesale Prices YoY (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 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 (Aug 2026): actual 34.2, consensus 30.1. Prior reading (Jul 2026): 26.3. Before that (Jun 2026): 10.5.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.53) — a useful reference for crypto-focused traders.
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Economic Calendar - DE Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Wholesale Prices MoM | 0.2 | 0.1 | -0.60 | Medium | |
| 06:00 | DE | Wholesale Prices YoY | 5.3 | 6.2 | 5.35 | Medium | |
| 09:00 | DE | ZEW Economic Sentiment Index | 34.2 | 37 | 45.25 | High | |
| 09:00 | DE | ZEW Current Conditions | -61.1 | -52.2 | -53.70 | Low | |
| 09:00 | DE | Economic Sentiment | 34.2 | 42.7 | 50.85 | Medium | |