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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance Producer Price Index MoM fell to -2.1% in April 2026
FMPMonthlyReleased May 2026
France Producer Price Index MoM fell to -2.1% in April 2026, released May 2026, down 4.0% from March's 1.9% reading. The reading missed the 1.1% consensus by 3.2%. The print is running well below the 12-month average of -0.14%. Over the past 3 months, Producer Price Index MoM averaged 0.77%, vs 0.65% in the prior 3-month window. Producer Price Index MoM is now the lowest in 11 months.
Latest Release
-2.1
Actual
1.1
Consensus
1.9
Previous
Median Absolute Error
±0.37 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 1.15
Actual: -2.1
Error: +3.25
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 | ▲ Direct | +0.34 | FOREX | Bullish EUR | → View |
| XAU/USD | ▲ Direct | +0.31 | COMMODITIES | Bullish XAU | → View |
| EUR/GBP | ▲ Direct | +0.30 | FOREX | Bullish EUR | → 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 -2.1% in May 2026. This missed the market consensus of 1.1% by 3.2%. The reading fell from the previous value of 1.9%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -0.14%, ranging from -2.1% to 1.1% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -0.6%, down from the prior three at 0.43%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/JPY (Bullish EUR). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.37%.
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026. Same-country events in the next 14 days include Business Confidence (Jun 23) and S&P Global Manufacturing PMI (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update May 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 May fell sharply by -2.100%, missing the 1.100% estimate and reversing April's 2.0% gain. The decline from April's 2.0% to May's -2.1% signals a significant contraction in producer prices. Market focus will remain on upcoming inflation data and ECB policy decisions amid this unexpected drop. Updated 5/28/26
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 (Apr 2026): actual -2.1 %, consensus 1.1 %. Prior reading (Mar 2026): 2 %. Before that (Feb 2026): -0.2 %.
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.