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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Economic Sentiment climbed to 26.3 in July 2026
FMPMonthlyReleased July 2026
Germany Economic Sentiment climbed to 26.3 in July 2026, up 15.8 from June's 10.5 reading. The print exceeded the 15.1 consensus by 11.2. Economic Sentiment has now risen for 4 consecutive months. Over the past 3 months, Economic Sentiment averaged 0.15, vs 13.53 in the prior 3-month window. The reading is in the 42nd percentile of the trailing 24-month range.
Latest Release
26.3
Actual
15.1
Consensus
10.5
Previous
Median Absolute Error
±8.47
across last 12 releases
Last Call
Jul 2026
Predicted: 21.43
Actual: 26.3
Error: -4.88
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 | −0.45 | 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 | +0.35 | 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 26.30 in July 2026. This beat the market consensus of 15.10 by 11.20. The reading rose from the previous value of 10.50. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 30.87, 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 8.87, down from the prior three at 39.13. Volatility over the past year (σ 21.52) is comparable than the prior year (σ 23.27).
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 August 18, 2026. Same-country events in the next 14 days include Unemployment Rate (Jul 31) and Employment Change (Jul 31).
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jul 2026): actual 26.3, consensus 15.1. Prior reading (Jun 2026): 10.5. Before that (May 2026): -10.2.
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=-0.45) — a useful reference for crypto-focused traders.
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Economic Calendar - DE Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | DE | GDP Growth Rate QoQ | 0.2 | 0.4 | 0.1 | 0.15 | High |
| 08:00 | DE | GDP Growth Rate YoY | 0.9 | 0.7 | 0.6 | 0.75 | High |
| 08:00 | DE | Gross Domestic Product QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 08:00 | DE | Gross Domestic Product YoY | 0.9 | 0.4 | 0.6 | 0.75 | Medium |
| 12:00 | DE | Inflation Rate YoY | 2.8 | 2.3 | 2.7 | 2.75 | High |
| 12:00 | DE | Harmonised Inflation Rate YoY | 2.8 | 2.4 | 2.8 | 2.80 | Low |
| 12:00 | DE | Harmonised Inflation Rate MoM | 0.9 | -0.2 | 0.8 | 0.85 | Low |
| 12:00 | DE | HICP MoM | 0.9 | -0.2 | 0.8 | 0.85 | Low |
| 12:00 | DE | HICP YoY | 2.8 | 2.4 | 2.8 | 2.80 | Low |
| 12:00 | DE | Inflation Rate MoM | 0.8 | -0.3 | 0.7 | 0.75 | Medium |
| 12:00 | DE | CPI YoY | 2.8 | 2.3 | 2.7 | 2.75 | Medium |
| 12:00 | DE | CPI MoM | 0.8 | -0.3 | 0.7 | 0.75 | High |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:55 | DE | Unemployment Rate | 6.3 | 6.3 | 6.30 | Medium | |
| 07:55 | DE | Employment Change | -1 | 5 | 5.00 | Medium | |
| 07:55 | DE | Unemployed Persons | 2.984 | 2.989 | 2.99 | Medium | |