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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone Producer Price Index MoM climbed to 1.6% in July 2026
FMPMonthlyReleased September 2026
Eurozone Producer Price Index MoM climbed to 1.6% in July 2026, released September 2026, up 1.9% from June's -0.3% reading. The print exceeded the 1.2% consensus by 0.4%. The print is running well above the 12-month average of 0.35%. Over the past 3 months, Producer Price Index MoM averaged -0.05%, vs 1.1% in the prior 3-month window. The reading is in the 92nd percentile of the trailing 24-month range.
Latest Release
1.6
Actual
1.2
Consensus
-0.3
Previous
Median Absolute Error
±0.22 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: 1.2
Actual: 1.6
Error: -0.4
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 |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.88 | CRYPTO | Moves with | → View |
| DAX | ▲ Direct | +0.86 | INDEX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.81 | INDEX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.58 | INDEX | Moves with | → View |
| EUR/CHF | ▼ Inverse | −0.57 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (European Union) was reported at 1.6% in September 2026. This beat the market consensus of 1.2% by 0.4%. The reading rose from the previous value of -0.3%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 0.27%, ranging from -0.3% to 1.6% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 0.5%, up from the prior three at 0.33%. Volatility over the past year (σ 0.57%) is lower than the prior year (σ 1.12%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with DAX, positively correlated (Bullish DAX). Over the last 12 releases, the Sigmacast model's median absolute error is 0.23%.
WHAT TO WATCH NEXT
The next release is scheduled for October 5, 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 September 2026.
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Producer Price Index MoM - EU
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About Producer Price Index MoM — European Union
DEFINITION
The EU Producer Price Index MoM rose 1.600% in August, beating the 1.200% estimate and reversing July’s -0.300% decline. August’s sharp rebound follows a contraction in July, signaling renewed upward pressure on producer costs. Market focus will remain on upcoming inflation data and ECB policy decisions amid this volatility. Updated 9/3/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 1.6 %, consensus 1.2 %. Prior reading (Jun 2026): -0.3 %. Before that (May 2026): 0.2 %.
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 BTC/USD (Bullish BTC, r=0.88) — a useful reference for crypto-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 |