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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany PMI climbed to 53.2 in February 2026
FMPMonthlyReleased March 2026
Germany PMI climbed to 53.2 in February 2026, released March 2026, up 0.1 from January's 53.1 reading. The reading matched the 53.1 consensus. PMI has now risen for 4 consecutive months. Over the past 3 months, PMI averaged 52, vs 52.77 in the prior 3-month window. The reading is in the 90th percentile of the trailing 24-month range.
Latest Release
53.2
Actual
53.1
Consensus
53.1
Previous
Median Absolute Error
±0.63
across last 12 releases
Last Call
Mar 2026
Predicted: 53.01
Actual: 53.2
Error: -0.19
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 |
|---|---|---|---|---|---|
| EUR/JPY | ▲ Direct | +0.66 | FOREX | Bullish EUR | → View |
| S&P 500 | ▼ Inverse | −0.56 | INDEX | Bearish S&P 500 | → View |
| EUR/GBP | ▲ Direct | +0.50 | FOREX | Bullish EUR | → View |
| FTSE 100 | ▲ Direct | +0.47 | INDEX | Bullish FTSE 100 | → View |
| Euro STOXX 50 | ▲ Direct | +0.29 | INDEX | Bullish Euro STOXX 50 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PMI (Germany) was reported at 53.20 in March 2026. This beat the market consensus of 53.10 by 0.10. The reading rose from the previous value of 53.10. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 51.91, ranging from 50.30 to 53.90 across 16 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 52.80, up from the prior three at 51.73. Volatility over the past year (σ 1.15) is higher than the prior year (σ 0.95). In March readings over the past 3 years, PMI has averaged 51.50.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/JPY (Bullish EUR). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.63.
WHAT TO WATCH NEXT
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 March 2026.
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PMI - DE
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About PMI — Germany
DEFINITION
PMI, or Purchasing Managers' Index, is a widely used economic indicator that measures the health of a country's manufacturing sector. It is based on a monthly survey of purchasing managers from various industries, and provides valuable insights into the overall economic activity and future trends. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 suggests contraction. This indicator is closely monitored by investors, businesses, and policymakers as it can help inform decisions related to investments, production, and economic policies.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 53.2, consensus 53.1. Prior reading (Feb 2026): 53.1. Before that (Jan 2026): 52.1.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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/JPY (Bullish EUR, r=0.66) — a useful reference for forex-focused traders.