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Eurozone Industrial Production MoM fell to 0.1% in April 2026, released June 2026, down 0.3% from March's 0.4% reading. The reading missed the 0.3% consensus by 0.2%. Industrial Production MoM has now declined for 3 consecutive months. Over the past 3 months, Industrial Production MoM averaged 0.3%, vs -0.73% in the prior 3-month window. The reading is in the 46th 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 |
|---|---|---|---|---|---|
| EUR/GBP | ▼ Inverse | −0.70 | FOREX | Bearish EUR | → View |
| EUR/CHF | ▼ Inverse | −0.69 | FOREX | Bearish EUR | → View |
| XAU/USD | ▲ Direct | +0.59 | COMMODITIES | Bullish XAU | → View |
| BTC/USD | ▲ Direct | +0.44 | CRYPTO | Bullish BTC | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
Industrial Production MoM (European Union) was reported at 0.1% in June 2026. This missed the market consensus of 0.3% by 0.2%. The reading fell from the previous value of 0.4%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -0.15%, ranging from -1.5% to 1.7% across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
The trailing three releases averaged -0.9%, down from the prior three at 0.57%. Volatility over the past year (σ 1.06%) is lower than the prior year (σ 1.36%). In May readings over the past 3 years, Industrial Production MoM has averaged 1.13%.
Historically, this indicator is negatively correlated with EUR/GBP (Bearish EUR). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.49%.
The next release is scheduled for July 15, 2026. Same-country events in the next 14 days include ZEW Economic Sentiment Index (Jun 16) and Economic Sentiment (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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.
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.
Latest reading (Apr 2026): actual 0.1 %, consensus 0.3 %. Prior reading (Mar 2026): 0.2 %. Before that (Feb 2026): 0.4 %.
Sigmacast's 1-month forecast points to a materially 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 EUR/GBP (Bearish EUR, r=-0.70) — a useful reference for forex-focused traders.
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| Monday, June 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | Industrial Production YoY | 0.3 | -2.8 | -1.7 | -0.70 | Low | |
| 09:00 | Balance of Trade | -1 | 4.9 | 7.8 | 3.40 | Medium | |
| 09:00 | Industrial Production MoM | 0.1 | 0.4 | 0.3 | 0.20 | Medium | |
| Tuesday, June 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | ZEW Economic Sentiment Index | -9.1 | -7.6 | -23.85 | Medium | ||
| 09:00 | Wage Growth YoY | 3 | 2.9 | 2.90 | Low | ||
| 09:00 | Labour Cost Index YoY | 3.3 | 3.3 | 3.3 | 3.30 | Low | |
| Wednesday, June 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | CPI MoM | 0.3 | 0.3 | 0.30 | Low | ||
| 09:00 | HICP MoM | 0.8 | 0.3 | 0.25 | Low | ||
| 09:00 | HICP YoY | 2.3 | 2.3 | 2.30 | Low | ||
| Thursday, June 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | Current Account | 24.1 | 25.6 | 25.60 | Low | ||