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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Thomson Reuters IPSOS PCSI fell to 41.42 in August 2026
FMPMonthlyReleased September 2026
Germany Thomson Reuters IPSOS PCSI fell to 41.42 in August 2026, released September 2026, down 0.71 from July's 42.13 reading.
Latest Release
41.420000
Actual
—
Consensus
42.130000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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 | ▲ Direct | +0.43 | INDEX | Moves with | → View |
| EUR/GBP | ▲ Direct | +0.42 | FOREX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.32 | INDEX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.28 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Thomson Reuters IPSOS PCSI (Germany) was reported at 41.42 in September 2026. The reading fell from the previous value of 42.13. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 44.23, ranging from 40.67 to 47.07 across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 41.94, down from the prior three at 42.87. Volatility over the past year (σ 2.23) is higher than the prior year (σ 1.30).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Euro STOXX 50 (Bullish Euro STOXX 50). A secondary relationship exists with EUR/GBP, positively correlated (Bullish EUR).
WHAT TO WATCH NEXT
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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Thomson Reuters IPSOS PCSI - DE
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About Thomson Reuters IPSOS PCSI — Germany
DEFINITION
Germany's Thomson Reuters IPSOS PCSI for September registered at 41.420000, down from August's 42.130000, signaling a continued contraction below the 50 threshold. The index declined by 0.71 points month-over-month, reflecting weakening sentiment. Market participants will watch upcoming economic data for further clarity on the trajectory. Updated 9/10/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 41.42. Prior reading (Aug 2026): 42.13. Before that (Jul 2026): 42.28.
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 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 (Bullish Euro STOXX 50, r=0.43) — a useful reference for index-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 | |