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Data from Eurostat. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone Industrial Production MoM fell to 0.1% in April 2026
EurostatMonthlyReleased June 2026
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.
Latest Release
0.1
Actual
0.3
Consensus
0.4
Previous
Median Absolute Error
±0.49 percentage points
across last 12 releases
Last Call
May 2026
Predicted: -0.27
Actual: 0.2
Error: -0.47
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 |
|---|---|---|---|---|---|
| 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.
THE RELEASE
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.
WHY IT MATTERS
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%.
THE MODEL'S TAKE
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%.
WHAT TO WATCH NEXT
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.
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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 (Apr 2026): actual 0.1 %, consensus 0.3 %. Prior reading (Mar 2026): 0.2 %. Before that (Feb 2026): 0.4 %.
WHAT'S NEXT
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.