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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany S&P Global Manufacturing PMI climbed to 54.3 Points in August 2026
FMPMonthlyReleased September 2026
Germany S&P Global Manufacturing PMI climbed to 54.3 Points in August 2026, released September 2026, up 2.1 Points from July's 52.2 Points reading. The reading matched the 54.1 Points consensus.
Latest Release
54.300000
Actual
54.100000
Consensus
52.200000
Previous
Median Absolute Error
±0.7
across last 12 releases
Last Call
Sep 2026
Predicted: 54.51
Actual: 54.3
Error: +0.21
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 |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.58 | COMMODITIES | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.55 | INDEX | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.49 | INDEX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| DAX | ▲ Direct | +0.45 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Manufacturing PMI (Germany) was reported at 54.30 Points in August 2026. This beat the market consensus of 54.10 Points by 0.20 Points. The reading rose from the previous value of 52.20 Points. Over the past 12 months, the indicator has averaged 51.86 Points, ranging from 49.90 Points to 54.30 Points across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 53.53 Points, up from the prior three at 50.77 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with FTSE 100, positively correlated (Bullish FTSE 100). Over the last 12 releases, the Sigmacast model's median absolute error is 0.70 Points.
WHAT TO WATCH NEXT
The next release is scheduled for September 23, 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 September 2026.
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S&P Global Manufacturing PMI - DE
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About S&P Global Manufacturing PMI — Germany
DEFINITION
The S&P Global Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in major economies around the world. It provides valuable insights into the health and growth of the global manufacturing industry, serving as a key barometer for investors, businesses, and policymakers. The index is based on a monthly survey of purchasing managers, and its timely and accurate data is highly regarded for its ability to forecast economic trends and inform decision-making.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. 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 54.3 Points, consensus 54.1 Points. Prior reading (Aug 2026): 54.1 Points. Before that (Jul 2026): 52.2 Points.
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 tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.58) — a useful reference for commodities-focused traders.
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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 | |