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Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Industrial Production MoM climbed to 0.4% in April 2026
DestatisMonthlyReleased June 2026
Germany Industrial Production MoM climbed to 0.4% in April 2026, released June 2026, up 0.5% from March's -0.1% reading. The reading matched the 0.4% consensus. The print is running well above the 12-month average of -0.38%. Over the past 3 months, Industrial Production MoM averaged -0.5%, vs -0.53% in the prior 3-month window. The reading is in the 56th percentile of the trailing 24-month range.
Latest Release
0.4
Actual
0.4
Consensus
-0.1
Previous
Median Absolute Error
±1.25 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 0.4
Actual: 0.4
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.49 | CRYPTO | Bearish BTC | → View |
| XAU/USD | ▼ Inverse | −0.41 | COMMODITIES | Bearish XAU | → View |
| EUR/USD | ▼ Inverse | −0.41 | FOREX | Bearish EUR | → View |
| EUR/JPY | ▲ Direct | +0.29 | FOREX | Bullish EUR | → 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 0.4% in June 2026. This matched the market consensus of 0.4% exactly. The reading rose from the previous value of -0.1%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged -0.18%, 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 -0.67%, down from the prior three at 1.3%. Volatility over the past year (σ 1.86%) is lower than the prior year (σ 2.12%). In June readings over the past 3 years, Industrial Production MoM has averaged -0.37%.
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 1.25%.
WHAT TO WATCH NEXT
The next release is scheduled for July 7, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Jun 15) and Wholesale Prices YoY (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (Apr 2026): actual 0.4 %, consensus 0.4 %. Prior reading (Mar 2026): -0.7 %. Before that (Feb 2026): -0.3 %.
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.