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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Gross Domestic Product QoQ fell to 0.3% in Q2 2026
FMPMonthlyReleased August 2026
Germany Gross Domestic Product QoQ fell to 0.3% in Q2 2026, released August 2026, down 0.1% from March's 0.4% reading. The print exceeded the 0.2% consensus by 0.1%. The print is running well above the 12-month average of 0.16%. Gross Domestic Product QoQ is now the highest in 13 months.
Latest Release
0.3
Actual
0.2
Consensus
0.4
Previous
Median Absolute Error
±0.07 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.25
Actual: 0.3
Error: -0.05
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 |
|---|---|---|---|---|---|
| EUR/JPY | ▼ Inverse | −0.77 | FOREX | Moves against | → View |
| EUR/GBP | ▼ Inverse | −0.57 | FOREX | Moves against | → View |
| DAX | ▲ Direct | +0.31 | INDEX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.26 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product QoQ (Germany) was reported at 0.3% in August 2026. This beat the market consensus of 0.2% by 0.1%. The reading fell from the previous value of 0.4%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.2%, ranging from 0% to 0.3% across 7 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.27%, up from the prior three at 0.2%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/JPY (Bearish EUR). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.08%.
WHAT TO WATCH NEXT
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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Gross Domestic Product QoQ - DE
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About Gross Domestic Product QoQ — Germany
DEFINITION
Germany's Gross Domestic Product QoQ rose 0.300000% in Q2 2026, beating the 0.200000% estimate and improving from Q1's 0.200000%. The economy expanded at a faster pace compared to the previous quarter, reversing a slowdown from 0.400000% in Q4 2025 to 0.200000% in Q1 2026. Market focus now shifts to upcoming data releases for further confirmation of growth momentum. Updated 8/25/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 0.3 %, consensus 0.2 %. Prior reading (Apr 2026): 0.2 %. Before that (Jan 2026): 0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 neutral force in the current projection. This indicator correlates most strongly with EUR/JPY (Bearish EUR, r=-0.77) — a useful reference for forex-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 | |