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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Producer Price Index MoM climbed to 1.9% in September 2026
FMPMonthlyReleased October 2026
Germany Producer Price Index MoM climbed to 1.9% in September 2026, released October 2026, up 0.8% from August's 1.1% reading. The print exceeded the 0.8% consensus by 1.1%. The print is running well above the 12-month average of 0.38%. Over the past 3 months, Producer Price Index MoM averaged 1.1%, vs 0.4% in the prior 3-month window. The reading is in the 93rd percentile of the trailing 24-month range.
Latest Release
1.9
Actual
0.8
Consensus
1.1
Previous
Median Absolute Error
±0.51 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 1.08
Actual: 1.9
Error: -0.82
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 | −0.31 | INDEX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.27 | CRYPTO | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.27 | INDEX | Moves against | → 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 1.9% in October 2026. This beat the market consensus of 0.8% by 1.1%. The reading rose from the previous value of 1.1%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.37%, ranging from -0.6% to 1.9% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 1.37%, up from the prior three at 0.4%. Volatility over the past year (σ 0.79%) is higher than the prior year (σ 0.24%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Euro STOXX 50 (Bearish Euro STOXX 50). Over the last 12 releases, the Sigmacast model's median absolute error is 0.51%.
WHAT TO WATCH NEXT
The next release is scheduled for November 20, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Oct 30) and Inflation Rate MoM (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update October 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 1.900000% in October, surpassing the 0.800000% estimate. This marks an increase from September's 1.100000%, indicating accelerating producer inflation. The stronger-than-expected rise may influence ECB policy and market expectations ahead of upcoming inflation data. Updated 10/20/26
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 (Sep 2026): actual 1.9 %, consensus 0.8 %. Prior reading (Aug 2026): 1.1 %. Before that (Jul 2026): 1.1 %.
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.
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EXPECTED ZONE
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Economic Calendar - DE Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | DE | Import Prices MoM | 2.1 | 1 | 1.8 | 1.95 | Low |
| 07:00 | DE | Import Prices YoY | 10.4 | 8.3 | 10.3 | 10.35 | Low |
| 08:55 | DE | Unemployment Rate | 6.4 | 6.4 | 6.4 | 6.43 | High |
| 08:55 | DE | Unemployed Persons | 3.016 | 3.012 | 3.017 | 3.02 | Medium |
| 08:55 | DE | Employment Change | 4 | 12 | 5 | 5.00 | High |
| 09:00 | DE | GDP Growth Rate QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 09:00 | DE | GDP Growth Rate YoY | 1.2 | 1 | 1.1 | 1.15 | High |