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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.
across last 12 releases
May 2026
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| 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.
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.
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%.
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%.
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.
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.
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.
Latest reading (Apr 2026): actual 2 %, consensus 1 %. Prior reading (Mar 2026): 2.7 %. Before that (Feb 2026): 0.6 %.
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.
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| Monday, June 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | Wholesale Prices MoM | 2 | 0.8 | 0.80 | Medium | ||
| 06:00 | Wholesale Prices YoY | 6.3 | 7.6 | 7.60 | Medium | ||
| Tuesday, June 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | ZEW Current Conditions | -77.8 | -77 | -74.80 | Low | ||
| 09:00 | ZEW Economic Sentiment Index | -10.2 | -6 | -25.75 | High | ||
| 09:00 | Economic Sentiment | -10.2 | -5.5 | -25.25 | Medium | ||