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Data from Eurostat. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone Industrial Production MoM fell to 0.0% in June 2026
EurostatMonthlyReleased August 2026
Eurozone Industrial Production MoM fell to 0.0% in June 2026, released August 2026, down 0.3% from May's 0.3% reading. The print exceeded the -0.1% consensus by 0.1%. The print is running well above the 12-month average of -0.24%. Over the past 3 months, Industrial Production MoM averaged -0.05%, vs -0.58% in the prior 3-month window. The reading is in the 40th percentile of the trailing 24-month range.
Latest Release
0
Actual
-0.1
Consensus
0.3
Previous
Median Absolute Error
±0.32 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: -0.25
Actual: 0
Error: -0.25
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 |
|---|---|---|---|---|---|
| EUR/CHF | ▼ Inverse | −0.70 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.58 | COMMODITIES | Moves with | → View |
| EUR/GBP | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.43 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.26 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production MoM (European Union) was reported at 0% in August 2026. This beat the market consensus of -0.1% by 0.1%. The reading fell from the previous value of 0.3%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged -0.18%, ranging from -1.5% to 0.8% across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged -0.03%, up from the prior three at -0.9%. Volatility over the past year (σ 0.78%) is lower than the prior year (σ 1.52%). In August readings over the past 3 years, Industrial Production MoM has averaged -0.47%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/CHF (Bearish EUR). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.33%.
WHAT TO WATCH NEXT
The next release is scheduled for September 16, 2026. Same-country events in the next 14 days include Balance of Trade (Sep 15) and ZEW Economic Sentiment Index (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Industrial Production MoM - EU
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About Industrial Production MoM — European Union
DEFINITION
Industrial Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors within a specific country or region over a one-month period. This indicator provides valuable insights into the health and growth of the industrial sector, which is a crucial component of a country's overall economic performance. It is closely monitored by investors, policymakers, and analysts as it can impact inflation, employment, and consumer spending. A positive MoM change in industrial production indicates a growing economy, while a negative change may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. 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 %, consensus -0.1 %. Prior reading (Jun 2026): 0 %. Before that (Jun 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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 EUR/CHF (Bearish EUR, r=-0.70) — a useful reference for forex-focused traders.
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Economic Calendar - EU Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | EU | Balance of Trade | 8.6 | 3.7 | 3.70 | Medium | |
| 09:00 | EU | ZEW Economic Sentiment Index | 31.4 | 39.9 | 48.25 | Medium | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | EU | Industrial Production MoM | 0 | -0.4 | -0.40 | Medium | |
| 09:00 | EU | Industrial Production YoY | 0.1 | -0.3 | -0.30 | Low | |
| 09:00 | EU | Wage Growth YoY | 3.4 | 3.2 | 3.45 | Low | |
| 09:00 | EU | Labour Cost Index YoY | 3 | 3.2 | 3 | 2.98 | Low |