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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Wholesale Prices MoM fell to 2.0% in April 2026
FMPMonthlyReleased May 2026
Germany Wholesale Prices MoM fell to 2.0% in April 2026, released May 2026, down 0.7% from March's 2.7% reading. The print exceeded the 1.0% consensus by 1.0%. The print is running well above the 12-month average of 0.33%. Over the past 3 months, Wholesale Prices MoM averaged 1.4%, vs 0.05% in the prior 3-month window. The reading is in the 94th percentile of the trailing 24-month range.
Latest Release
2
Actual
1
Consensus
2.7
Previous
Median Absolute Error
±0.34 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 1.2
Actual: 2
Error: -0.8
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 |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.61 | INDEX | Bullish S&P 500 | → View |
| DAX | ▲ Direct | +0.60 | INDEX | Bullish DAX | → View |
| Euro STOXX 50 | ▲ Direct | +0.37 | INDEX | Bullish Euro STOXX 50 | → 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 2% in May 2026. This beat the market consensus of 1% by 1%. The reading fell from the previous value of 2.7%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.36%, ranging from -0.6% to 2% across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 1.17%, up from the prior three at 0.13%. Volatility over the past year (σ 0.67%) is higher than the prior year (σ 0.45%). In May readings over the past 3 years, Wholesale Prices MoM has averaged 0.77%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with DAX, positively correlated (Bullish DAX). Over the last 12 releases, the Sigmacast model's median absolute error is 0.34%.
WHAT TO WATCH NEXT
The next release is scheduled for June 15, 2026. Same-country events in the next 14 days include Wholesale Prices YoY (Jun 15) and Bundesbank Nagel Speech (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update May 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 (Apr 2026): actual 2 %, consensus 1 %. Prior reading (Mar 2026): 2.7 %. Before that (Feb 2026): 0.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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 S&P 500 (Bullish S&P 500, r=0.61) — a useful reference for index-focused traders.