Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Gross Domestic Product YoY climbed to 0.9% in April 2026
FMPMonthlyReleased July 2026
Germany Gross Domestic Product YoY climbed to 0.9% in April 2026, released July 2026, up 0.5% from March's 0.4% reading. The print exceeded the 0.6% consensus by 0.3%. Gross Domestic Product YoY has now risen for 3 consecutive months. Gross Domestic Product YoY is now the highest in 17 months.
Latest Release
0.9
Actual
0.6
Consensus
0.4
Previous
Median Absolute Error
±0.1 percentage points
across last 10 releases
Last Call
May 2026
Predicted: 0.3
Actual: 0.4
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/USD | ▼ Inverse | −0.82 | FOREX | Moves against | → View |
| EUR/GBP | ▼ Inverse | −0.55 | FOREX | Moves against | → View |
| FTSE 100 | ▼ Inverse | −0.52 | INDEX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.50 | COMMODITIES | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.44 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product YoY (Germany) was reported at 0.9% in July 2026. This beat the market consensus of 0.6% by 0.3%. The reading rose from the previous value of 0.4%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.33%, ranging from 0.2% to 0.4% across 6 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.4%, up from the prior three at 0.27%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR). Over the last 10 releases, the Sigmacast model's median absolute error is 0.1%.
WHAT TO WATCH NEXT
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 May 2026.
SHARE
Gross Domestic Product YoY - DE
Loading chart data...
About Gross Domestic Product YoY — Germany
DEFINITION
Germany's Gross Domestic Product YoY rose to 0.900000% in June, beating the 0.600000% estimate. This marks a significant acceleration from May's 0.400000%, indicating stronger economic growth momentum. The data supports a more optimistic outlook amid ongoing monetary policy considerations. 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 can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 0.9 %, consensus 0.6 %. Prior reading (Jan 2026): 0.4 %. Before that (Jan 2026): 0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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 EUR/USD (Bearish EUR, r=-0.82) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
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 | |