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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Producer Price Index MoM fell to 1.2% in April 2026
FMPMonthlyReleased May 2026
Germany Producer Price Index MoM fell to 1.2% in April 2026, released May 2026, down 1.3% from March's 2.5% reading. The print exceeded the 1.0% consensus by 0.2%. The print is running well above the 12-month average of -0.02%. Over the past 3 months, Producer Price Index MoM averaged 0.47%, vs -0.1% in the prior 3-month window. The reading is in the 90th percentile of the trailing 24-month range.
Latest Release
1.2
Actual
1
Consensus
2.5
Previous
Median Absolute Error
±0.29 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 0.63
Actual: 1.2
Error: -0.57
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 |
|---|---|---|---|---|---|
| Euro STOXX 50 | ▼ Inverse | −0.65 | INDEX | Bearish Euro STOXX 50 | → View |
| FTSE 100 | ▼ Inverse | −0.54 | INDEX | Bearish FTSE 100 | → View |
| DAX | ▼ Inverse | −0.49 | INDEX | Bearish DAX | → View |
| S&P 500 | ▼ Inverse | −0.41 | INDEX | Bearish S&P 500 | → View |
| EUR/JPY | ▲ Direct | +0.37 | FOREX | Bullish EUR | → 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 1.2% in May 2026. This beat the market consensus of 1% by 0.2%. The reading fell from the previous value of 2.5%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -0.07%, ranging from -0.6% to 1.2% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.03%, up from the prior three at -0.03%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Euro STOXX 50 (Bearish Euro STOXX 50). A secondary relationship exists with FTSE 100, negatively correlated (Bearish FTSE 100). 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 June 19, 2026. 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 May 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 1.200000% in May, beating the 1.000000% estimate and down from April's 2.500000%. The slower increase signals easing inflationary pressures after a sharp rise last month. Markets will watch upcoming inflation data closely as the ECB maintains a cautious stance. Updated 5/20/26
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 (Apr 2026): actual 1.2 %, consensus 1 %. Prior reading (Mar 2026): 2.5 %. Before that (Feb 2026): -0.5 %.
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. This indicator correlates most strongly with Euro STOXX 50 (Bearish Euro STOXX 50, r=-0.65) — a useful reference for index-focused traders.