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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance Producer Price Index MoM fell to -0.6% in June 2026
FMPMonthlyReleased July 2026
France Producer Price Index MoM fell to -0.6% in June 2026, released July 2026, down 0.4% from May's -0.2% reading. The reading missed the -0.4% consensus by 0.2%. The print is running well below the 12-month average of 0.08%. Over the past 3 months, Producer Price Index MoM averaged -1.2%, vs 0.77% in the prior 3-month window. The reading is in the 24th percentile of the trailing 24-month range.
Latest Release
-0.6
Actual
-0.4
Consensus
-0.2
Previous
Median Absolute Error
±0.29 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: -1.65
Actual: -0.6
Error: -1.05
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 | ▲ Direct | +0.46 | COMMODITIES | Moves with | → View |
| EUR/JPY | ▲ Direct | +0.33 | FOREX | Moves with | → View |
| DAX | ▲ Direct | +0.26 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (France) was reported at -0.6% in July 2026. This missed the market consensus of -0.4% by 0.2%. The reading fell from the previous value of -0.2%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged -0.13%, ranging from -2.1% to 1.1% across 12 releases.
WHY IT MATTERS
The trailing three releases averaged -1%, down from the prior three at 0.17%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with EUR/JPY, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.29%.
WHAT TO WATCH NEXT
The next release is scheduled for August 27, 2026. Same-country events in the next 14 days include Industrial Production MoM (Aug 5) and Unemployment Rate (Aug 7).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Producer Price Index MoM - FR
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About Producer Price Index MoM — France
DEFINITION
France's Producer Price Index MoM for July fell by -0.600000%, missing the -0.400000% estimate and down from June's -0.300000%. This marks a deeper contraction compared to the prior month, continuing the downward trend since May's -2.100000%. Market focus remains on inflation dynamics ahead of upcoming ECB policy decisions. Updated 7/31/26
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 (Jun 2026): actual -0.6 %, consensus -0.4 %. Prior reading (May 2026): -0.3 %. Before that (Apr 2026): -2.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.46) — a useful reference for commodities-focused traders.
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Economic Calendar - FR Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:30 | FR | Gross Domestic Product QoQ | 0.2 | -0.1 | 0.2 | 0.20 | Medium |
| 05:30 | FR | Consumer Spending MoM | 0.4 | 0.3 | -0.1 | 0.15 | Medium |
| 05:30 | FR | GDP Growth Rate YoY | 0.7 | 0.8 | 0.8 | 0.75 | High |
| 05:30 | FR | GDP Growth Rate QoQ | 0.2 | -0.1 | 0.2 | 0.20 | High |
| 05:30 | FR | Gross Domestic Product YoY | 0.7 | 0.8 | 0.8 | 0.75 | Medium |
| 05:30 | FR | Household Consumption MoM | 0.4 | 0.3 | -0.1 | 0.15 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:45 | FR | Harmonised Inflation Rate MoM | 0.6 | -0.3 | 0.3 | 0.45 | Low |
| 06:45 | FR | Producer Price Index YoY | 2.6 | 3.1 | 2.7 | 2.65 | Low |
| 06:45 | FR | Inflation Rate YoY | 2.1 | 1.8 | 1.8 | 1.95 | High |
| 06:45 | FR | Harmonised Inflation Rate YoY | 2.4 | 2 | 2.1 | 2.25 | Low |
| 06:45 | FR | Producer Price Index MoM | -0.6 | -0.2 | -0.4 | -0.50 | Low |
| 06:45 | FR | CPI MoM | 0.6 | -0.3 | 0.3 | 0.45 | Medium |
| 06:45 | FR | Inflation Rate MoM | 0.6 | -0.3 | 0.3 | 0.45 | Medium |
| 06:45 | FR | HICP YoY | 2.4 | 2 | 2.1 | 2.25 | Low |
| 06:45 | FR | HICP MoM | 0.6 | -0.3 | 0.3 | 0.45 | Medium |