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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Producer Price Index MoM held to 1.1% in August 2026
FMPMonthlyReleased September 2026
Germany Producer Price Index MoM held to 1.1% in August 2026, released September 2026. The print exceeded the 0.4% consensus by 0.7%. The print is running well above the 12-month average of 0.25%. Over the past 3 months, Producer Price Index MoM averaged 0.4%, vs 1.33% in the prior 3-month window. The reading is in the 84th percentile of the trailing 24-month range.
Latest Release
1.1
Actual
0.4
Consensus
1.1
Previous
Median Absolute Error
±0.42 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: 0.48
Actual: 1.1
Error: -0.63
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 |
|---|---|---|---|---|---|
| Euro STOXX 50 | ▼ Inverse | −0.36 | INDEX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.36 | INDEX | Moves against | → View |
| DAX | ▼ Inverse | −0.33 | INDEX | Moves against | → View |
| EUR/JPY | ▲ Direct | +0.32 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.29 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (Germany) was reported at 1.1% in September 2026. This beat the market consensus of 0.4% by 0.7%. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 0.19%, ranging from -0.6% to 1.2% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 0.63%, up from the prior three at 0.33%. Volatility over the past year (σ 0.63%) is higher than the prior year (σ 0.25%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Euro STOXX 50 (Bearish Euro STOXX 50). 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 0.43%.
WHAT TO WATCH NEXT
The next release is scheduled for October 20, 2026. Same-country events in the next 14 days include Bundesbank Nagel Speech (Oct 17) and Producer Price Index YoY (Oct 20).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Producer Price Index MoM - DE
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About Producer Price Index MoM — Germany
DEFINITION
Germany's Producer Price Index MoM rose 1.100000% in August, matching July's 1.100000% and beating the 0.400000% estimate. The index held steady after a rebound from June's -0.3%, indicating persistent inflationary pressures in producer costs. Market focus remains on upcoming inflation data and ECB policy signals amid sustained price gains. Updated 9/18/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 1.1 %, consensus 0.4 %. Prior reading (Jul 2026): 1.1 %. Before that (Jun 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.
Σ
EXPECTED ZONE
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