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Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Industrial Production MoM fell to 0.2% in June 2026
DestatisMonthlyReleased August 2026
Germany Industrial Production MoM fell to 0.2% in June 2026, released August 2026, down 0.5% from May's 0.7% reading. The print exceeded the 0.1% consensus by 0.1%. The print is running well above the 12-month average of -0.26%. Over the past 3 months, Industrial Production MoM averaged 0.65%, vs -0.5% in the prior 3-month window. The reading is in the 52nd percentile of the trailing 24-month range.
Latest Release
0.2
Actual
0.1
Consensus
0.7
Previous
Median Absolute Error
±1.11 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.28
Actual: 0.2
Error: +0.08
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 | −0.49 | CRYPTO | Moves against | → View |
| EUR/GBP | ▲ Direct | +0.46 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.38 | COMMODITIES | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.32 | FOREX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.28 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production MoM (Germany) was reported at 0.2% in August 2026. This beat the market consensus of 0.1% by 0.1%. The reading fell from the previous value of 0.7%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0%, ranging from -4.3% to 1.8% across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.5%, up from the prior three at -0.53%. Volatility over the past year (σ 1.75%) is lower than the prior year (σ 2.06%). In August readings over the past 3 years, Industrial Production MoM has averaged -0.1%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with EUR/GBP, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.11%.
WHAT TO WATCH NEXT
The next release is scheduled for September 7, 2026. Same-country events in the next 14 days include Balance of Trade (Sep 8) and Exports MoM (Sep 8).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Industrial Production MoM - DE
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About Industrial Production MoM — Germany
DEFINITION
Industrial Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors within a specific country or region over a one-month period. This indicator provides valuable insights into the health and growth of the industrial sector, which is a crucial component of a country's overall economic performance. It is closely monitored by investors, policymakers, and analysts as it can impact inflation, employment, and consumer spending. A positive MoM change in industrial production indicates a growing economy, while a negative change may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 0.2 %, consensus 0.1 %. Prior reading (May 2026): 0.9 %. Before that (Apr 2026): 0.4 %.
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=-0.49) — a useful reference for crypto-focused traders.
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Economic Calendar - DE Events
| Monday, September 7, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Industrial Production MoM | 0.2 | 0.3 | 0.30 | Medium | |
| Tuesday, September 8, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | DE | Balance of Trade | 15.4 | 16.5 | 16.25 | High | |