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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 | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.58 | COMMODITIES | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.53 | FOREX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.50 | INDEX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.49 | FOREX | Moves against | → View |
| FTSE 100 | ▼ Inverse | −0.46 | INDEX | Moves against | → 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 XAU/USD (Bearish XAU). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.18%.
WHAT TO WATCH NEXT
The next release is scheduled for August 5, 2026. Same-country events in the next 14 days include CFTC EUR speculative net positions (Jul 31) and ECB Economic Bulletin (Aug 6).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Producer Price Index YoY - EU
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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 XAU/USD (Bearish XAU, r=-0.58) — a useful reference for commodities-focused traders.
Σ
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Economic Calendar - EU Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | EU | Economic Sentiment | 96.9 | 95.4 | 96 | 96.45 | Medium |
| 09:00 | EU | Services Sentiment | 4.7 | 4.2 | 3.8 | 4.25 | Low |
| 09:00 | EU | Gross Domestic Product YoY | 1 | 0.3 | 0.5 | 0.75 | Medium |
| 09:00 | EU | Unemployment Rate | 6.3 | 6.3 | 6.2 | 6.25 | Medium |
| 09:00 | EU | Consumer Inflation Expectation | 30.3 | 34 | 38 | 34.15 | Low |
| 09:00 | EU | GDP Growth Rate YoY | 1 | 0.5 | 0.5 | 0.75 | High |
| 09:00 | EU | Industrial Sentiment | -6.1 | -7.5 | -7 | -6.55 | Low |
| 09:00 | EU | Selling Price Expectations | 17.7 | 22.1 | 25 | 21.35 | Low |
| 09:00 | EU | GDP Growth Rate QoQ | 0.4 | 0 | 0.2 | 0.30 | High |
| 09:00 | EU | Gross Domestic Product QoQ | 0.4 | -0.2 | 0.2 | 0.30 | Medium |
| 09:00 | EU | Consumer Confidence | -15.9 | -17.6 | -15.9 | -15.90 | Low |