Loading page content
Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Industrial Production MoM climbed to 0.9% in May 2026
DestatisMonthlyReleased July 2026
Germany Industrial Production MoM climbed to 0.9% in May 2026, released July 2026, up 0.7% from April's 0.2% reading. The print exceeded the 0.2% consensus by 0.7%. Industrial Production MoM has now risen for 3 consecutive months. Over the past 3 months, Industrial Production MoM averaged -0.2%, vs -0.53% in the prior 3-month window. The reading is in the 60th percentile of the trailing 24-month range.
Latest Release
0.9
Actual
0.2
Consensus
0.2
Previous
Median Absolute Error
±1.11 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.2
Actual: 0.9
Error: -0.7
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 |
| XAU/USD | ▼ Inverse | −0.47 | COMMODITIES | Moves against | → View |
| EUR/GBP | ▲ Direct | +0.41 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.30 | INDEX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.28 | FOREX | 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 0.9% in July 2026. This beat the market consensus of 0.2% by 0.7%. The reading rose from the previous value of 0.2%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged -0.21%, 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 indicator has been trending upward over the last three releases. The trailing three releases averaged 0.27%, up from the prior three at 0.23%. Volatility over the past year (σ 1.84%) is comparable than the prior year (σ 2.03%). In July readings over the past 3 years, Industrial Production MoM has averaged -0.13%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). 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 August 7, 2026. Same-country events in the next 14 days include Retail Sales MoM (Aug 3) and Retail Sales YoY (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
SHARE
Industrial Production MoM - DE
Loading chart data...
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 (May 2026): actual 0.9 %, consensus 0.2 %. Prior reading (Apr 2026): 0.4 %. Before that (Mar 2026): -0.7 %.
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.
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 | 6.4 | 6.3 | 6.3 | 6.35 | Medium |
| 07:55 | DE | Employment Change | 6 | -1 | 5 | 5.50 | Medium |
| 07:55 | DE | Unemployed Persons | 2.993 | 2.987 | 2.989 | 2.99 | Medium |