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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Wholesale Prices MoM fell to -0.7% in June 2026
FMPMonthlyReleased July 2026
Germany Wholesale Prices MoM fell to -0.7% in June 2026, released July 2026, down 0.1% from May's -0.6% reading. The reading missed the 0.5% consensus by 1.2%. Wholesale Prices MoM has now declined for 4 consecutive months. Over the past 3 months, Wholesale Prices MoM averaged 0.7%, vs 1.0% in the prior 3-month window. Wholesale Prices MoM is now the lowest in 21 months.
Latest Release
-0.7
Actual
0.5
Consensus
-0.6
Previous
Median Absolute Error
±0.44 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.4
Actual: -0.7
Error: +1.1
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 |
|---|---|---|---|---|---|
| FTSE 100 | ▲ Direct | +0.53 | INDEX | Moves with | → View |
| DAX | ▲ Direct | +0.44 | INDEX | Moves with | → View |
| EUR/GBP | ▼ Inverse | −0.29 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.28 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.25 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Wholesale Prices MoM (Germany) was reported at -0.7% in July 2026. This missed the market consensus of 0.5% by 1.2%. The reading fell from the previous value of -0.6%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.19%, ranging from -0.7% to 2% across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.23%, down from the prior three at 0.43%. Volatility over the past year (σ 0.75%) is higher than the prior year (σ 0.44%). In July readings over the past 3 years, Wholesale Prices MoM has averaged -0.27%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with FTSE 100 (Bullish FTSE 100). A secondary relationship exists with DAX, positively correlated (Bullish DAX). Over the last 12 releases, the Sigmacast model's median absolute error is 0.44%.
WHAT TO WATCH NEXT
The next release is scheduled for August 14, 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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Wholesale Prices MoM - DE
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About Wholesale Prices MoM — Germany
DEFINITION
Wholesale Prices MoM (Month-over-Month) is a financial indicator that measures the change in the average selling prices of goods and services at the wholesale level on a monthly basis. This indicator is used by economists, investors, and policymakers to track inflationary trends and assess the overall health of the economy. A positive change in Wholesale Prices MoM may indicate rising inflation, while a negative change may suggest deflationary pressures. It is an important tool for decision-making in various industries, as it provides insight into the cost of goods and potential changes in consumer prices.
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 -0.7 %, consensus 0.5 %. Prior reading (May 2026): -0.6 %. Before that (Apr 2026): 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 FTSE 100 (Bullish FTSE 100, r=0.53) — 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 |