Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone Producer Price Index YoY climbed to 5.9% in May 2026
FMPMonthlyReleased July 2026
Eurozone Producer Price Index YoY climbed to 5.9% in May 2026, released July 2026, up 0.9% from April's 5.0% reading. The reading matched the 5.7% consensus. Producer Price Index YoY has now risen for 4 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 1.33%, vs -1.97% in the prior 3-month window. Producer Price Index YoY is now the highest in 16 months.
Latest Release
5.9
Actual
5.7
Consensus
5
Previous
Median Absolute Error
±0.18 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 5.75
Actual: 5.9
Error: -0.15
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/JPY | ▼ Inverse | −0.61 | FOREX | Bearish EUR | → View |
| XAU/USD | ▼ Inverse | −0.54 | COMMODITIES | Bearish XAU | → View |
| EUR/USD | ▼ Inverse | −0.49 | FOREX | Bearish EUR | → View |
| Euro STOXX 50 | ▼ Inverse | −0.47 | INDEX | Bearish Euro STOXX 50 | → View |
| FTSE 100 | ▼ Inverse | −0.45 | INDEX | Bearish FTSE 100 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index YoY (European Union) was reported at 5.9% in July 2026. This beat the market consensus of 5.7% by 0.2%. The reading rose from the previous value of 5%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.44%, ranging from -2.1% to 5.9% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.9%, up from the prior three at -1.43%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/JPY (Bearish EUR). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.18%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Industrial Production MoM (Jul 15) and Balance of Trade (Jul 16).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
SHARE
Producer Price Index YoY - EU
Loading chart data...
About Producer Price Index YoY — European Union
DEFINITION
The EU's Producer Price Index YoY rose to 5.9% in June, beating the 5.7% estimate and up from May's 4.9%. This marks a continued acceleration in producer inflation, reflecting stronger price pressures across the region. Markets will watch for ECB responses amid persistent inflationary trends. Updated 7/8/26
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 (May 2026): actual 5.9 %, consensus 5.7 %. Prior reading (Apr 2026): 4.9 %. Before that (Mar 2026): 2.1 %.
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/JPY (Bearish EUR, r=-0.61) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP