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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Producer Price Index MoM climbed to 1.1% in July 2026
FMPMonthlyReleased August 2026
Germany Producer Price Index MoM climbed to 1.1% in July 2026, released August 2026, up 1.4% from June's -0.3% reading. The print exceeded the 0.7% consensus by 0.4%. The print is running well above the 12-month average of 0.15%. Over the past 3 months, Producer Price Index MoM averaged 0.0%, vs 1.07% in the prior 3-month window. The reading is in the 86th percentile of the trailing 24-month range.
Latest Release
1.1
Actual
0.7
Consensus
-0.3
Previous
Median Absolute Error
±0.29 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.58
Actual: 1.1
Error: -0.53
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 |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.40 | INDEX | Moves against | → View |
| EUR/JPY | ▲ Direct | +0.37 | FOREX | Moves with | → View |
| Euro STOXX 50 | ▼ Inverse | −0.36 | INDEX | Moves against | → View |
| DAX | ▼ Inverse | −0.32 | INDEX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | 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 August 2026. This beat the market consensus of 0.7% by 0.4%. The reading rose from the previous value of -0.3%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.05%, ranging from -0.6% to 1.2% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 0.37%, up from the prior three at 0.03%. Volatility over the past year (σ 0.58%) is higher than the prior year (σ 0.24%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with EUR/JPY, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.29%.
WHAT TO WATCH NEXT
The next release is scheduled for September 18, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Sep 15) and Wholesale Prices YoY (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 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, beating the 0.700000% estimate. This marks a sharp rebound from July's -0.300000%, signaling renewed inflationary pressure in the producer sector. Markets will closely watch upcoming inflation data and ECB policy moves amid this unexpected acceleration. Updated 8/20/26
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 (Jul 2026): actual 1.1 %, consensus 0.7 %. Prior reading (Jun 2026): -0.3 %. Before that (May 2026): 0.3 %.
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 headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.40) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - DE Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Wholesale Prices MoM | 0.2 | 0.1 | -0.60 | Medium | |
| 06:00 | DE | Wholesale Prices YoY | 5.3 | 6.2 | 5.35 | Medium | |
| 09:00 | DE | ZEW Economic Sentiment Index | 34.2 | 37 | 45.25 | High | |
| 09:00 | DE | ZEW Current Conditions | -61.1 | -52.2 | -53.70 | Low | |
| 09:00 | DE | Economic Sentiment | 34.2 | 42.7 | 50.85 | Medium | |