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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Producer Price Index MoM fell to -0.3% in June 2026
FMPMonthlyReleased July 2026
Germany Producer Price Index MoM fell to -0.3% in June 2026, released July 2026, down 0.6% from May's 0.3% reading. The reading missed the -0.2% consensus by 0.1%. Producer Price Index MoM has now declined for 4 consecutive months. Over the past 3 months, Producer Price Index MoM averaged 0.75%, vs 0.47% in the prior 3-month window. The reading is in the 26th percentile of the trailing 24-month range.
Latest Release
-0.3
Actual
-0.2
Consensus
0.3
Previous
Median Absolute Error
±0.23 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: -0.25
Actual: -0.3
Error: +0.05
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 | −0.61 | INDEX | Moves against | → View |
| DAX | ▼ Inverse | −0.53 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.52 | COMMODITIES | Moves with | → View |
| FTSE 100 | ▼ Inverse | −0.48 | INDEX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.38 | 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 -0.3% in July 2026. This missed the market consensus of -0.2% by 0.1%. The reading fell from the previous value of 0.3%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged -0.06%, ranging from -0.6% to 1.2% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.4%, up from the prior three at -0.43%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Euro STOXX 50 (Bearish Euro STOXX 50). A secondary relationship exists with DAX, negatively correlated (Bearish DAX). Over the last 12 releases, the Sigmacast model's median absolute error is 0.23%.
WHAT TO WATCH NEXT
The next release is scheduled for August 20, 2026. Same-country events in the next 14 days include Retail Sales MoM (Aug 3) and Retail Sales YoY (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update July 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 fell by -0.300000% in July, missing the -0.200000% estimate. This marks a reversal from June's 0.300000% increase, signaling renewed downward pressure on producer prices. Markets will watch for further data to gauge inflation trends amid ongoing ECB policy considerations. Updated 7/20/26
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 (Jun 2026): actual -0.3 %, consensus -0.2 %. Prior reading (May 2026): 0.3 %. Before that (Apr 2026): 1.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish 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 Euro STOXX 50 (Bearish Euro STOXX 50, r=-0.61) — a useful reference for index-focused traders.
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Economic Calendar - DE Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | DE | GDP Growth Rate QoQ | 0.2 | 0.4 | 0.1 | 0.15 | High |
| 08:00 | DE | GDP Growth Rate YoY | 0.9 | 0.7 | 0.6 | 0.75 | High |
| 08:00 | DE | Gross Domestic Product QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 08:00 | DE | Gross Domestic Product YoY | 0.9 | 0.4 | 0.6 | 0.75 | Medium |
| 12:00 | DE | Inflation Rate YoY | 2.8 | 2.3 | 2.7 | 2.75 | High |
| 12:00 | DE | Harmonised Inflation Rate YoY | 2.8 | 2.4 | 2.8 | 2.80 | Low |
| 12:00 | DE | Harmonised Inflation Rate MoM | 0.9 | -0.2 | 0.8 | 0.85 | Low |
| 12:00 | DE | HICP MoM | 0.9 | -0.2 | 0.8 | 0.85 | Low |
| 12:00 | DE | HICP YoY | 2.8 | 2.4 | 2.8 | 2.80 | Low |
| 12:00 | DE | Inflation Rate MoM | 0.8 | -0.3 | 0.7 | 0.75 | Medium |
| 12:00 | DE | CPI YoY | 2.8 | 2.3 | 2.7 | 2.75 | Medium |
| 12:00 | DE | CPI MoM | 0.8 | -0.3 | 0.7 | 0.75 | High |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:55 | DE | Unemployment Rate | 6.4 | 6.3 | 6.3 | 6.35 | Medium |
| 07:55 | DE | Employment Change | 6 | -1 | 5 | 5.50 | Medium |
| 07:55 | DE | Unemployed Persons | 2.993 | 2.987 | 2.989 | 2.99 | Medium |