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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Gross Domestic Product QoQ fell to 0.2% in Q2 2026
FMPMonthlyReleased July 2026
Germany Gross Domestic Product QoQ fell to 0.2% in Q2 2026, released July 2026, down 0.1% from March's 0.3% reading. The print exceeded the 0.1% consensus by 0.1%. The print is running well above the 12-month average of 0.13%. Gross Domestic Product QoQ is now the lowest in 6 months.
Latest Release
0.2
Actual
0.1
Consensus
0.3
Previous
Median Absolute Error
±0.1 percentage points
across last 11 releases
Last Call
Jul 2026
Predicted: 0.1
Actual: 0.2
Error: -0.1
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/GBP | ▼ Inverse | −0.86 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.61 | FOREX | Moves against | → View |
| DAX | ▲ Direct | +0.37 | INDEX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.37 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.33 | 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 0.2% in July 2026. This beat the market consensus of 0.1% by 0.1%. The reading fell from the previous value of 0.3%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.11%, ranging from -0.3% 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 0.1%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/GBP (Bearish EUR). A secondary relationship exists with EUR/JPY, negatively correlated (Bearish EUR). Over the last 11 releases, the Sigmacast model's median absolute error is 0.1%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include ZEW Economic Sentiment Index (Aug 18) and Economic Sentiment (Aug 18).
Auto-generated from current model state · Refreshes on each release · Last update July 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 0.200000% in Q2 2026, beating the 0.100000% estimate but down from Q1's 0.300000%. The economy expanded at a slower pace compared to the previous quarter, indicating a moderation in growth momentum. Market focus will remain on upcoming data releases and ECB policy signals amid this deceleration. Updated 7/30/26
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 0.2 %, consensus 0.1 %. Prior reading (Jan 2026): 0.3 %. Before that (Jan 2026): 0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower 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 headwind in the current projection. This indicator correlates most strongly with EUR/GBP (Bearish EUR, r=-0.86) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - DE Events
| Tuesday, August 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | DE | ZEW Economic Sentiment Index | 26.3 | 30 | 30.00 | High | |
| 09:00 | DE | ZEW Current Conditions | -77.6 | -77 | -77.00 | Low | |
| 09:00 | DE | Economic Sentiment | 26.3 | 30 | 30.00 | Medium | |
| Thursday, August 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | DE | Producer Price Index YoY | 1.8 | 2.4 | 2.50 | Medium | |
| 06:00 | DE | Producer Price Index MoM | -0.3 | 0.6 | 0.70 | Low | |