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Economic Surprises › Germany
Germany -0.5 ▬ vs 1w ago (-0.6)
Germany economic data has been roughly in line with expectations. Over the past 90 days, releases have been close to analyst estimates with no strong directional bias.
Current Score
-0.5
1 Week Ago
-0.6
Releases (90d)
197
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend with DAX Overlay
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
▼ Top Negative Surprises
All Releases — 90 Day Window (197 events)
Date Event Actual Estimate Surprise Z Impact Contribution
2026-04-30 Retail Sales MoM -2.0 -0.1 -3.454 Medium -103.88
2026-04-30 Gross Domestic Product QoQ 0.3 0.1 +2.156 High +97.28
2026-05-21 S&P Global Manufacturing PMI 49.9 51.0 -1.010 High -74.02
2026-04-23 S&P Global Composite PMI 48.3 51.1 -2.730 Medium -69.84
2026-04-23 S&P Global Services PMI 46.9 50.3 -2.581 Medium -66.04
2026-04-21 Economic Sentiment -17.2 -5.9 -2.685 Medium -65.59
2026-04-20 Producer Price Index YoY -0.2 -1.8 -2.144 Medium -51.19
2026-04-14 Wholesale Prices MoM 2.7 0.4 -2.311 Medium -48.03
2026-04-29 CPI YoY 2.9 3.0 +1.595 Medium +46.89
2026-05-22 Ifo Business Climate 84.9 84.2 +0.580 High +43.47
2026-05-07 S&P Global Construction PMI 42.1 49.0 -2.377 Low -42.02
2026-05-22 Gross Domestic Product YoY 0.4 0.3 +0.827 Medium +41.36
2026-04-30 Retail Sales YoY -2.0 0.5 -1.336 Medium -40.17
2026-03-24 S&P Global Manufacturing PMI 51.7 49.5 +2.081 High +39.94
2026-04-24 Ifo Business Climate 84.4 85.5 -0.897 High -35.23
2026-04-14 Wholesale Prices YoY 4.1 1.0 -1.597 Medium -33.18
2026-04-30 Employment Change 20.0 4.0 +1.098 Medium +33.01
2026-05-21 S&P Global Services PMI 47.8 47.0 +0.650 Medium +31.76
2026-04-30 Unemployment Rate 6.4 6.3 -0.978 Medium -29.42
2026-02-27 CPI MoM 0.2 0.5 +2.676 High +28.82
2026-04-29 CPI MoM 0.6 0.7 +0.637 High +28.09
2026-04-30 GDP Growth Rate QoQ 0.3 0.2 +0.620 High +27.96
2026-05-12 Economic Sentiment -10.2 -19.2 +0.657 Medium +26.08
2026-04-21 ZEW Economic Sentiment Index -17.2 -5.0 -0.696 High -25.51
2026-05-22 Ifo Current Conditions 86.1 85.1 +0.987 Low +24.67
2026-04-29 HICP YoY 2.9 3.1 +1.402 Low +20.60
2026-05-08 Industrial Production MoM -0.7 0.5 -0.499 Medium -18.06
2026-02-27 CPI YoY 1.9 2.0 +2.393 Medium +17.18
2026-05-13 Wholesale Prices MoM 2.0 1.0 -0.402 Medium -16.32
2026-04-09 New Car Sales YoY 16.0 1.0 +1.725 Low +15.97
2026-04-09 New Car Sales YoY 16.0 1.0 +1.725 Low +15.97
2026-04-29 HICP MoM 0.5 0.8 +1.073 Low +15.77
2026-05-08 Imports MoM 5.1 0.8 +0.870 Low +15.74
2026-05-07 Factory Orders MoM 5.0 1.0 +0.442 Medium +15.62
2026-03-17 Economic Sentiment -0.5 39.0 -1.420 Medium -15.45
2026-02-27 CPI 0.2 0.5 +1.434 High +15.44
2026-02-27 CPI 0.2 0.5 +1.434 High +15.44
2026-02-27 CPI 0.2 0.5 +1.434 High +15.44
2026-05-20 Producer Price Index YoY 1.7 1.5 -0.322 Medium -15.36
2026-03-10 Imports MoM -5.9 -0.3 -3.022 Low -13.99
2026-04-24 Ifo Expectations 83.3 85.0 -0.977 Low -12.79
2026-03-24 S&P Global Services PMI 51.2 52.5 -0.946 Medium -12.10
2026-05-13 Current Account 23.6 18.4 +0.594 Low +12.06
2026-04-30 Import Prices YoY 2.3 1.6 -0.801 Low -12.05
2026-04-08 S&P Global Construction PMI 48.0 44.5 +1.328 Low +12.01
2026-04-09 Exports MoM 3.6 1.0 +0.592 Medium +10.96
2026-03-31 Retail Sales MoM -0.6 0.2 -0.727 Medium -10.94
2026-05-08 Exports MoM 0.5 -1.7 +0.295 Medium +10.66
2026-05-08 Balance of Trade 14.3 18.4 -0.189 High -10.26
2026-04-24 Ifo Current Conditions 85.4 86.2 -0.779 Low -10.20
2026-05-21 S&P Global Composite PMI 48.6 48.4 +0.206 Medium +10.06
2026-05-22 Consumer Confidence -29.8 -34.0 +0.117 High +8.78
2026-05-12 ZEW Economic Sentiment Index -10.2 -19.8 +0.138 High +8.24
2026-03-20 Producer Price Index MoM -0.5 0.3 +1.381 Low +8.05
2026-05-22 GDP Growth Rate YoY 0.4 0.3 +0.280 Low +7.01
2026-04-10 Current Account 22.0 16.5 +0.701 Low +6.64
2026-04-10 Current Account 22.0 16.5 +0.701 Low +6.64
2026-02-27 Inflation Rate MoM 0.2 0.5 +0.906 Medium +6.50
2026-04-29 Harmonised Inflation Rate MoM 0.5 0.8 +0.435 Low +6.39
2026-04-29 Inflation Rate MoM 0.6 0.7 +0.216 Medium +6.34
2026-03-20 Producer Price Index YoY -3.3 -2.7 +0.536 Medium +6.25
2026-04-29 Inflation Rate YoY 2.9 3.0 +0.127 High +5.60
2026-04-27 Consumer Confidence -33.3 -29.5 -0.122 High -5.14
2026-04-09 Industrial Production MoM -0.3 0.9 -0.277 Medium -5.13
2026-03-02 Retail Sales MoM -0.9 -0.2 -0.636 Medium -4.90
2026-04-20 Producer Price Index MoM 2.5 1.4 -0.407 Low -4.86
2026-03-25 Ifo Business Climate 86.4 86.1 +0.243 High +4.77
2026-03-17 ZEW Economic Sentiment Index -0.5 39.0 -0.289 High -4.72
2026-03-10 Balance of Trade 21.2 15.2 +0.335 High +4.65
2026-03-25 Ifo Current Conditions 86.7 86.0 +0.683 Low +4.47
2026-05-13 Wholesale Prices YoY 6.3 5.2 -0.109 Medium -4.42
2026-04-30 Unemployed Persons 3.006 2.979 -0.146 Medium -4.40
2026-05-22 Ifo Expectations 83.8 83.5 +0.175 Low +4.39
2026-03-31 Employment Change 0.0 2.0 -0.274 Medium -4.13
2026-02-27 HICP YoY 2.0 2.1 +1.035 Low +3.71
2026-02-27 HICP YoY 2.0 2.1 +1.035 Low +3.71
2026-02-27 HICP YoY 2.0 2.1 +1.035 Low +3.71
2026-02-27 HICP YoY 2.0 2.1 +1.035 Low +3.71
2026-04-23 S&P Global Manufacturing PMI 51.2 51.3 -0.091 High -3.50
2026-04-01 S&P Global Manufacturing PMI 52.2 51.7 +0.453 Low +3.48
2026-03-06 New Car Registrations YoY 3.8 -4.4 +0.739 Low +3.12
2026-05-04 S&P Global Manufacturing PMI 51.4 51.2 +0.183 Low +3.02
2026-04-29 Harmonised Inflation Rate YoY 2.9 3.1 +0.204 Low +2.99
2026-03-09 Industrial Production MoM -0.5 0.9 -0.323 Medium -2.93
2026-03-05 HCOB Construction PMI 43.7 45.4 -0.705 Low -2.91
2026-03-05 S&P Global Construction PMI 43.7 45.4 -0.632 Low -2.61
2026-05-20 Producer Price Index MoM 1.2 1.0 -0.104 Low -2.47
2026-03-31 Import Prices MoM 0.3 0.2 -0.308 Low -2.31
2026-02-27 HICP MoM 0.4 0.5 +0.573 Low +2.06
2026-02-27 HICP MoM 0.4 0.5 +0.573 Low +2.06
2026-02-27 HICP MoM 0.4 0.5 +0.573 Low +2.06
2026-02-27 HICP MoM 0.4 0.5 +0.573 Low +2.06
2026-02-27 Inflation Rate YoY 1.9 2.0 +0.190 High +2.05
2026-03-13 Wholesale Prices MoM 0.6 0.4 -0.201 Medium -1.99
2026-04-07 S&P Global Services PMI 50.9 51.2 -0.224 Low -1.98
2026-03-13 Current Account 17.1 14.4 +0.394 Low +1.96
2026-03-31 Unemployed Persons 2.977 3.0 +0.124 Medium +1.86
2026-04-30 Import Prices MoM 3.6 3.0 -0.123 Low -1.85
2026-02-27 Import Prices MoM 1.1 0.6 -0.513 Low -1.84
2026-05-06 S&P Global Composite PMI 48.4 48.3 +0.103 Low +1.78
2026-04-09 Balance of Trade 19.8 18.5 +0.060 High +1.65
2026-04-21 ZEW Current Conditions -73.7 -70.0 -0.130 Low -1.59
2026-03-09 Factory Orders MoM -11.1 -4.3 -0.175 Medium -1.58
2026-02-23 Ifo Business Climate 88.6 88.4 +0.158 High +1.55
2026-03-31 Import Prices YoY -2.3 -2.1 +0.174 Low +1.31
2026-05-07 New Car Sales YoY 2.7 7.5 -0.074 Low -1.30
2026-02-23 Ifo Current Conditions 86.7 86.3 +0.389 Low +1.27
2026-03-24 S&P Global Composite PMI 51.9 52.0 -0.096 Medium -1.23
2026-03-31 Retail Sales YoY 0.7 1.0 -0.080 Medium -1.21
2026-02-27 Import Prices YoY -2.3 -2.8 -0.327 Low -1.17
2026-04-08 Factory Orders MoM 0.9 2.0 -0.061 Medium -1.10
2026-03-26 Consumer Confidence -28.0 -26.5 -0.054 High -1.08
2026-03-13 Wholesale Prices YoY 1.2 1.0 -0.103 Medium -1.02
2026-02-27 Employment Change 1.0 2.0 -0.137 Medium -0.99
2026-03-06 New Car Sales YoY 3.8 -4.4 +0.214 Low +0.90
2026-03-17 ZEW Current Conditions -62.9 -67.3 +0.161 Low +0.88
2026-02-27 Harmonised Inflation Rate MoM 0.4 0.5 +0.232 Low +0.83
2026-03-02 Retail Sales YoY 1.2 1.9 -0.098 Medium -0.76
2026-03-02 S&P Global Manufacturing PMI 50.9 50.7 +0.185 Low +0.71
2026-02-25 Consumer Confidence -24.7 -23.1 -0.066 High -0.68
2026-03-04 Services PMI 53.5 53.4 +0.085 Medium +0.68
2026-03-04 Services PMI 53.5 53.4 +0.085 Medium +0.68
2026-03-04 Services PMI 53.5 53.4 +0.085 Medium +0.68
2026-03-02 HCOB Manufacturing PMI 50.9 50.7 +0.151 Low +0.58
2026-03-04 S&P Global Services PMI 53.5 53.4 +0.072 Medium +0.58
2026-02-27 Harmonised Inflation Rate YoY 2.0 2.1 +0.150 Low +0.54
2026-03-02 Manufacturing PMI 50.9 50.7 +0.128 Low +0.49
2026-03-04 PMI 53.2 53.1 +0.109 Low +0.44
2026-03-04 PMI 53.2 53.1 +0.109 Low +0.44
2026-03-04 PMI 53.2 53.1 +0.109 Low +0.44
2026-03-04 S&P Global Composite PMI 53.2 53.1 +0.094 Low +0.38
2026-03-04 S&P Global Composite PMI 53.2 53.1 +0.094 Low +0.38
2026-03-04 HCOB Composite PMI 53.2 53.1 +0.091 Low +0.37
2026-02-23 Ifo Expectations 90.5 90.3 +0.108 Low +0.35
2026-03-10 Exports MoM -2.3 -2.0 -0.034 Medium -0.32
2026-03-04 HCOB Services PMI 53.5 53.4 +0.074 Low +0.30
2026-03-04 S&P Global Services PMI 53.5 53.4 +0.072 Low +0.29
2026-04-09 Imports MoM 4.7 4.0 +0.028 Low +0.26
2026-05-12 ZEW Current Conditions -77.8 -77.5 -0.010 Low -0.19
2026-02-27 Unemployed Persons 2.977 2.981 +0.022 Medium +0.16
2026-02-25 Gross Domestic Product QoQ 0.3 0.3 +0.000 High +0.00
2026-02-25 Gross Domestic Product YoY 0.4 0.4 +0.000 Medium +0.00
2026-02-25 Gross Domestic Product YoY 0.4 0.4 +0.000 Medium +0.00
2026-02-25 Gross Domestic Product QoQ 0.3 0.3 +0.000 High +0.00
2026-02-25 Gross Domestic Product YoY 0.4 0.4 +0.000 Medium +0.00
2026-02-25 GDP Growth Rate YoY 0.4 0.4 +0.000 Low +0.00
2026-02-25 Gross Domestic Product QoQ 0.3 0.3 +0.000 High +0.00
2026-02-25 GDP Growth Rate QoQ 0.3 0.3 +0.000 Low +0.00
2026-02-25 Gross Domestic Product YoY 0.4 0.4 +0.000 Medium +0.00
2026-02-25 Gross Domestic Product QoQ 0.3 0.3 +0.000 High +0.00
2026-02-27 Unemployment Rate 6.3 6.3 -0.000 Medium -0.00
2026-03-11 HICP YoY 2.0 2.0 -0.000 Low -0.00
2026-03-11 CPI 1.9 1.9 -0.000 Medium -0.00
2026-03-11 HICP MoM 0.4 0.4 -0.000 Low -0.00
2026-03-11 HICP MoM 0.4 0.4 -0.000 Low -0.00
2026-03-11 Harmonised Inflation Rate MoM 0.4 0.4 -0.000 Low -0.00
2026-03-11 CPI 0.2 0.2 -0.000 High -0.00
2026-03-11 CPI MoM 0.2 0.2 -0.000 High -0.00
2026-03-11 CPI YoY 1.9 1.9 -0.000 Medium -0.00
2026-03-11 HICP YoY 2.0 2.0 -0.000 Low -0.00
2026-03-11 Harmonised Inflation Rate YoY 2.0 2.0 -0.000 Low -0.00
2026-03-11 Inflation Rate YoY 1.9 1.9 -0.000 Low -0.00
2026-03-11 Inflation Rate MoM 0.2 0.2 -0.000 Low -0.00
2026-03-11 HICP MoM 0.4 0.4 -0.000 Low -0.00
2026-03-11 HICP YoY 2.0 2.0 -0.000 Low -0.00
2026-03-25 Ifo Expectations 86.0 86.0 +0.000 Low +0.00
2026-03-30 HICP MoM 1.2 1.2 -0.000 Low -0.00
2026-03-30 CPI YoY 2.7 2.7 -0.000 Medium -0.00
2026-03-30 Inflation Rate MoM 1.1 1.1 -0.000 Medium -0.00
2026-03-30 CPI MoM 1.1 1.1 -0.000 High -0.00
2026-03-30 HICP YoY 2.8 2.8 -0.000 Low -0.00
2026-03-30 Harmonised Inflation Rate MoM 1.2 1.2 -0.000 Low -0.00
2026-03-30 Harmonised Inflation Rate YoY 2.8 2.8 -0.000 Low -0.00
2026-03-30 Inflation Rate YoY 2.7 2.7 -0.000 High -0.00
2026-03-31 Unemployment Rate 6.3 6.3 -0.000 Medium -0.00
2026-04-07 S&P Global Composite PMI 51.9 51.9 +0.000 Low +0.00
2026-04-10 Inflation Rate MoM 1.1 1.1 -0.000 Low -0.00
2026-04-10 Inflation Rate YoY 2.7 2.7 -0.000 Low -0.00
2026-04-10 Harmonised Inflation Rate MoM 1.2 1.2 -0.000 Low -0.00
2026-04-10 Harmonised Inflation Rate YoY 2.8 2.8 -0.000 Low -0.00
2026-04-10 HICP MoM 1.2 1.2 -0.000 Low -0.00
2026-04-10 CPI YoY 2.7 2.7 -0.000 Medium -0.00
2026-04-10 HICP YoY 2.8 2.8 -0.000 Low -0.00
2026-04-10 CPI MoM 1.1 1.1 -0.000 High -0.00
2026-04-30 Gross Domestic Product YoY 0.3 0.3 +0.000 Medium +0.00
2026-04-30 GDP Growth Rate YoY 0.3 0.3 +0.000 High +0.00
2026-05-06 S&P Global Services PMI 46.9 46.9 +0.000 Low +0.00
2026-05-12 Inflation Rate YoY 2.9 2.9 -0.000 Low -0.00
2026-05-12 CPI MoM 0.6 0.6 -0.000 High -0.00
2026-05-12 Harmonised Inflation Rate YoY 2.9 2.9 -0.000 Low -0.00
2026-05-12 Harmonised Inflation Rate MoM 0.5 0.5 -0.000 Low -0.00
2026-05-12 CPI YoY 2.9 2.9 -0.000 Medium -0.00
2026-05-12 HICP YoY 2.9 2.9 -0.000 Low -0.00
2026-05-12 Inflation Rate MoM 0.6 0.6 -0.000 Low -0.00
2026-05-12 HICP MoM 0.5 0.5 -0.000 Low -0.00
2026-05-22 Gross Domestic Product QoQ 0.3 0.3 +0.000 High +0.00
2026-05-22 GDP Growth Rate QoQ 0.3 0.3 +0.000 Low +0.00

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms