Germany
-0.8
▬
vs 1w ago (-0.7)
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
-0.8
1 Week Ago
-0.7
Releases (90d)
200
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend with DAX Overlay
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
- Gross Domestic Product QoQ +2.09z
- CPI YoY +1.59z
- S&P Global Manufacturing PMI +2.08z
- Employment Change +1.10z
- CPI MoM +2.68z
▼ Top Negative Surprises
- Retail Sales MoM -3.45z
- S&P Global Composite PMI -2.69z
- Economic Sentiment -2.69z
- S&P Global Services PMI -2.56z
- Producer Price Index YoY -2.14z
All Releases — 90 Day Window (200 events)
| Date | Event | Actual | Estimate | Surprise Z | Impact | Contribution |
|---|---|---|---|---|---|---|
| 2026-04-30 | Retail Sales MoM | -2.0 | -0.1 | -3.454 | Medium | -108.80 |
| 2026-04-30 | Gross Domestic Product QoQ | 0.3 | 0.1 | +2.092 | High | +98.86 |
| 2026-04-23 | S&P Global Composite PMI | 48.3 | 51.1 | -2.690 | Medium | -72.07 |
| 2026-04-21 | Economic Sentiment | -17.2 | -5.9 | -2.685 | Medium | -68.70 |
| 2026-04-23 | S&P Global Services PMI | 46.9 | 50.3 | -2.560 | Medium | -68.60 |
| 2026-04-20 | Producer Price Index YoY | -0.2 | -1.8 | -2.144 | Medium | -53.61 |
| 2026-04-14 | Wholesale Prices MoM | 2.7 | 0.4 | -2.311 | Medium | -50.30 |
| 2026-04-29 | CPI YoY | 2.9 | 3.0 | +1.595 | Medium | +49.11 |
| 2026-05-07 | S&P Global Construction PMI | 42.1 | 49.0 | -2.377 | Low | -44.00 |
| 2026-04-30 | Retail Sales YoY | -2.0 | 0.5 | -1.336 | Medium | -42.07 |
| 2026-03-24 | S&P Global Manufacturing PMI | 51.7 | 49.5 | +2.078 | High | +41.76 |
| 2026-04-24 | Ifo Business Climate | 84.4 | 85.5 | -0.895 | High | -36.81 |
| 2026-04-14 | Wholesale Prices YoY | 4.1 | 1.0 | -1.597 | Medium | -34.75 |
| 2026-04-30 | Employment Change | 20.0 | 4.0 | +1.098 | Medium | +34.58 |
| 2026-04-30 | Unemployment Rate | 6.4 | 6.3 | -0.978 | Medium | -30.81 |
| 2026-02-27 | CPI MoM | 0.2 | 0.5 | +2.676 | High | +30.18 |
| 2026-04-29 | CPI MoM | 0.6 | 0.7 | +0.637 | High | +29.42 |
| 2026-04-30 | GDP Growth Rate QoQ | 0.3 | 0.2 | +0.616 | High | +29.08 |
| 2026-05-12 | Economic Sentiment | -10.2 | -19.2 | +0.657 | Medium | +27.31 |
| 2026-04-21 | ZEW Economic Sentiment Index | -17.2 | -5.0 | -0.696 | High | -26.72 |
| 2026-04-29 | HICP YoY | 2.9 | 3.1 | +1.402 | Low | +21.57 |
| 2026-05-08 | Industrial Production MoM | -0.7 | 0.5 | -0.499 | Medium | -18.91 |
| 2026-02-27 | CPI YoY | 1.9 | 2.0 | +2.393 | Medium | +17.99 |
| 2026-05-13 | Wholesale Prices MoM | 2.0 | 1.0 | -0.402 | Medium | -17.10 |
| 2026-04-09 | New Car Sales YoY | 16.0 | 1.0 | +1.725 | Low | +16.72 |
| 2026-04-09 | New Car Sales YoY | 16.0 | 1.0 | +1.725 | Low | +16.72 |
| 2026-04-29 | HICP MoM | 0.5 | 0.8 | +1.073 | Low | +16.52 |
| 2026-05-08 | Imports MoM | 5.1 | 0.8 | +0.870 | Low | +16.49 |
| 2026-05-07 | Factory Orders MoM | 5.0 | 1.0 | +0.442 | Medium | +16.36 |
| 2026-03-17 | Economic Sentiment | -0.5 | 39.0 | -1.420 | Medium | -16.18 |
| 2026-02-27 | CPI | 0.2 | 0.5 | +1.434 | High | +16.17 |
| 2026-02-27 | CPI | 0.2 | 0.5 | +1.434 | High | +16.17 |
| 2026-02-27 | CPI | 0.2 | 0.5 | +1.434 | High | +16.17 |
| 2026-05-20 | Producer Price Index YoY | 1.7 | 1.5 | -0.322 | Medium | -16.08 |
| 2026-03-10 | Imports MoM | -5.9 | -0.3 | -3.022 | Low | -14.65 |
| 2026-04-24 | Ifo Expectations | 83.3 | 85.0 | -0.974 | Low | -13.35 |
| 2026-05-13 | Current Account | 23.6 | 18.4 | +0.594 | Low | +12.64 |
| 2026-04-30 | Import Prices YoY | 2.3 | 1.6 | -0.801 | Low | -12.62 |
| 2026-04-08 | S&P Global Construction PMI | 48.0 | 44.5 | +1.328 | Low | +12.58 |
| 2026-03-24 | S&P Global Services PMI | 51.2 | 52.5 | -0.938 | Medium | -12.56 |
| 2026-04-09 | Exports MoM | 3.6 | 1.0 | +0.592 | Medium | +11.48 |
| 2026-03-31 | Retail Sales MoM | -0.6 | 0.2 | -0.727 | Medium | -11.45 |
| 2026-05-08 | Exports MoM | 0.5 | -1.7 | +0.295 | Medium | +11.17 |
| 2026-02-20 | S&P Global Manufacturing PMI | 50.7 | 49.5 | +1.133 | High | +10.87 |
| 2026-05-08 | Balance of Trade | 14.3 | 18.4 | -0.189 | High | -10.74 |
| 2026-04-24 | Ifo Current Conditions | 85.4 | 86.2 | -0.779 | Low | -10.68 |
| 2026-05-12 | ZEW Economic Sentiment Index | -10.2 | -19.8 | +0.138 | High | +8.62 |
| 2026-03-20 | Producer Price Index MoM | -0.5 | 0.3 | +1.381 | Low | +8.43 |
| 2026-02-20 | Manufacturing PMI | 50.7 | 49.5 | +0.785 | High | +7.53 |
| 2026-04-10 | Current Account | 22.0 | 16.5 | +0.701 | Low | +6.95 |
| 2026-04-10 | Current Account | 22.0 | 16.5 | +0.701 | Low | +6.95 |
| 2026-02-27 | Inflation Rate MoM | 0.2 | 0.5 | +0.906 | Medium | +6.81 |
| 2026-04-29 | Harmonised Inflation Rate MoM | 0.5 | 0.8 | +0.435 | Low | +6.69 |
| 2026-04-29 | Inflation Rate MoM | 0.6 | 0.7 | +0.216 | Medium | +6.64 |
| 2026-02-20 | HCOB Manufacturing PMI | 50.7 | 49.8 | +0.690 | High | +6.62 |
| 2026-02-20 | Producer Price Index YoY | -3.0 | -2.1 | +1.034 | Medium | +6.61 |
| 2026-03-20 | Producer Price Index YoY | -3.3 | -2.7 | +0.536 | Medium | +6.55 |
| 2026-04-29 | Inflation Rate YoY | 2.9 | 3.0 | +0.127 | High | +5.86 |
| 2026-02-20 | Services PMI | 53.4 | 52.4 | +0.864 | Medium | +5.52 |
| 2026-02-20 | Services PMI | 53.4 | 52.4 | +0.864 | Medium | +5.52 |
| 2026-02-20 | Services PMI | 53.4 | 52.4 | +0.864 | Medium | +5.52 |
| 2026-04-09 | Industrial Production MoM | -0.3 | 0.9 | -0.277 | Medium | -5.38 |
| 2026-04-27 | Consumer Confidence | -33.3 | -29.5 | -0.122 | High | -5.37 |
| 2026-02-20 | HCOB Services PMI | 53.4 | 52.3 | +0.834 | Medium | +5.34 |
| 2026-03-02 | Retail Sales MoM | -0.9 | -0.2 | -0.636 | Medium | -5.13 |
| 2026-04-20 | Producer Price Index MoM | 2.5 | 1.4 | -0.407 | Low | -5.09 |
| 2026-03-25 | Ifo Business Climate | 86.4 | 86.1 | +0.242 | High | +4.98 |
| 2026-02-20 | Producer Price Index MoM | -0.6 | 0.3 | +1.553 | Low | +4.97 |
| 2026-03-17 | ZEW Economic Sentiment Index | -0.5 | 39.0 | -0.289 | High | -4.94 |
| 2026-03-10 | Balance of Trade | 21.2 | 15.2 | +0.335 | High | +4.87 |
| 2026-02-20 | HCOB Composite PMI | 53.1 | 52.3 | +0.740 | Medium | +4.74 |
| 2026-03-25 | Ifo Current Conditions | 86.7 | 86.0 | +0.683 | Low | +4.68 |
| 2026-05-13 | Wholesale Prices YoY | 6.3 | 5.2 | -0.109 | Medium | -4.63 |
| 2026-04-30 | Unemployed Persons | 3.006 | 2.979 | -0.146 | Medium | -4.61 |
| 2026-02-20 | Manufacturing PMI | 50.7 | 49.6 | +0.718 | Medium | +4.59 |
| 2026-03-31 | Employment Change | 0.0 | 2.0 | -0.274 | Medium | -4.32 |
| 2026-02-27 | HICP YoY | 2.0 | 2.1 | +1.035 | Low | +3.89 |
| 2026-02-27 | HICP YoY | 2.0 | 2.1 | +1.035 | Low | +3.89 |
| 2026-02-27 | HICP YoY | 2.0 | 2.1 | +1.035 | Low | +3.89 |
| 2026-02-27 | HICP YoY | 2.0 | 2.1 | +1.035 | Low | +3.89 |
| 2026-04-23 | S&P Global Manufacturing PMI | 51.2 | 51.3 | -0.091 | High | -3.66 |
| 2026-04-01 | S&P Global Manufacturing PMI | 52.2 | 51.7 | +0.452 | Low | +3.64 |
| 2026-03-06 | New Car Registrations YoY | 3.8 | -4.4 | +0.739 | Low | +3.26 |
| 2026-05-04 | S&P Global Manufacturing PMI | 51.4 | 51.2 | +0.183 | Low | +3.15 |
| 2026-04-29 | Harmonised Inflation Rate YoY | 2.9 | 3.1 | +0.204 | Low | +3.14 |
| 2026-03-09 | Industrial Production MoM | -0.5 | 0.9 | -0.323 | Medium | -3.06 |
| 2026-03-05 | HCOB Construction PMI | 43.7 | 45.4 | -0.705 | Low | -3.05 |
| 2026-02-20 | PMI | 53.1 | 52.3 | +0.883 | Low | +2.82 |
| 2026-02-20 | PMI | 53.1 | 52.3 | +0.883 | Low | +2.82 |
| 2026-02-20 | PMI | 53.1 | 52.3 | +0.883 | Low | +2.82 |
| 2026-03-05 | S&P Global Construction PMI | 43.7 | 45.4 | -0.632 | Low | -2.73 |
| 2026-05-20 | Producer Price Index MoM | 1.2 | 1.0 | -0.104 | Low | -2.59 |
| 2026-03-31 | Import Prices MoM | 0.3 | 0.2 | -0.308 | Low | -2.42 |
| 2026-02-27 | HICP MoM | 0.4 | 0.5 | +0.573 | Low | +2.15 |
| 2026-02-27 | HICP MoM | 0.4 | 0.5 | +0.573 | Low | +2.15 |
| 2026-02-27 | Inflation Rate YoY | 1.9 | 2.0 | +0.190 | High | +2.15 |
| 2026-02-27 | HICP MoM | 0.4 | 0.5 | +0.573 | Low | +2.15 |
| 2026-02-27 | HICP MoM | 0.4 | 0.5 | +0.573 | Low | +2.15 |
| 2026-03-13 | Wholesale Prices MoM | 0.6 | 0.4 | -0.201 | Medium | -2.09 |
| 2026-03-13 | Current Account | 17.1 | 14.4 | +0.394 | Low | +2.05 |
| 2026-04-07 | S&P Global Services PMI | 50.9 | 51.2 | -0.222 | Low | -2.05 |
| 2026-03-31 | Unemployed Persons | 2.977 | 3.0 | +0.124 | Medium | +1.95 |
| 2026-04-30 | Import Prices MoM | 3.6 | 3.0 | -0.123 | Low | -1.94 |
| 2026-02-27 | Import Prices MoM | 1.1 | 0.6 | -0.513 | Low | -1.93 |
| 2026-05-06 | S&P Global Composite PMI | 48.4 | 48.3 | +0.102 | Low | +1.84 |
| 2026-04-09 | Balance of Trade | 19.8 | 18.5 | +0.060 | High | +1.73 |
| 2026-04-21 | ZEW Current Conditions | -73.7 | -70.0 | -0.130 | Low | -1.67 |
| 2026-03-09 | Factory Orders MoM | -11.1 | -4.3 | -0.175 | Medium | -1.65 |
| 2026-02-23 | Ifo Business Climate | 88.6 | 88.4 | +0.157 | High | +1.62 |
| 2026-03-31 | Import Prices YoY | -2.3 | -2.1 | +0.174 | Low | +1.37 |
| 2026-05-07 | New Car Sales YoY | 2.7 | 7.5 | -0.074 | Low | -1.36 |
| 2026-02-23 | Ifo Current Conditions | 86.7 | 86.3 | +0.389 | Low | +1.33 |
| 2026-03-24 | S&P Global Composite PMI | 51.9 | 52.0 | -0.094 | Medium | -1.26 |
| 2026-03-31 | Retail Sales YoY | 0.7 | 1.0 | -0.080 | Medium | -1.26 |
| 2026-02-27 | Import Prices YoY | -2.3 | -2.8 | -0.327 | Low | -1.23 |
| 2026-04-08 | Factory Orders MoM | 0.9 | 2.0 | -0.061 | Medium | -1.15 |
| 2026-03-26 | Consumer Confidence | -28.0 | -26.5 | -0.053 | High | -1.13 |
| 2026-03-13 | Wholesale Prices YoY | 1.2 | 1.0 | -0.103 | Medium | -1.07 |
| 2026-02-27 | Employment Change | 1.0 | 2.0 | -0.137 | Medium | -1.03 |
| 2026-03-06 | New Car Sales YoY | 3.8 | -4.4 | +0.214 | Low | +0.95 |
| 2026-03-17 | ZEW Current Conditions | -62.9 | -67.3 | +0.161 | Low | +0.92 |
| 2026-02-27 | Harmonised Inflation Rate MoM | 0.4 | 0.5 | +0.232 | Low | +0.87 |
| 2026-03-02 | Retail Sales YoY | 1.2 | 1.9 | -0.098 | Medium | -0.79 |
| 2026-03-02 | S&P Global Manufacturing PMI | 50.9 | 50.7 | +0.184 | Low | +0.74 |
| 2026-03-04 | Services PMI | 53.5 | 53.4 | +0.085 | Medium | +0.72 |
| 2026-03-04 | Services PMI | 53.5 | 53.4 | +0.085 | Medium | +0.72 |
| 2026-03-04 | Services PMI | 53.5 | 53.4 | +0.085 | Medium | +0.72 |
| 2026-02-25 | Consumer Confidence | -24.7 | -23.1 | -0.065 | High | -0.70 |
| 2026-03-02 | HCOB Manufacturing PMI | 50.9 | 50.7 | +0.151 | Low | +0.61 |
| 2026-03-04 | S&P Global Services PMI | 53.5 | 53.4 | +0.071 | Medium | +0.60 |
| 2026-02-27 | Harmonised Inflation Rate YoY | 2.0 | 2.1 | +0.150 | Low | +0.57 |
| 2026-03-02 | Manufacturing PMI | 50.9 | 50.7 | +0.128 | Low | +0.51 |
| 2026-03-04 | PMI | 53.2 | 53.1 | +0.109 | Low | +0.46 |
| 2026-03-04 | PMI | 53.2 | 53.1 | +0.109 | Low | +0.46 |
| 2026-03-04 | PMI | 53.2 | 53.1 | +0.109 | Low | +0.46 |
| 2026-03-04 | S&P Global Composite PMI | 53.2 | 53.1 | +0.092 | Low | +0.39 |
| 2026-03-04 | S&P Global Composite PMI | 53.2 | 53.1 | +0.092 | Low | +0.39 |
| 2026-03-04 | HCOB Composite PMI | 53.2 | 53.1 | +0.091 | Low | +0.38 |
| 2026-02-23 | Ifo Expectations | 90.5 | 90.3 | +0.108 | Low | +0.37 |
| 2026-03-10 | Exports MoM | -2.3 | -2.0 | -0.034 | Medium | -0.33 |
| 2026-03-04 | HCOB Services PMI | 53.5 | 53.4 | +0.074 | Low | +0.31 |
| 2026-03-04 | S&P Global Services PMI | 53.5 | 53.4 | +0.071 | Low | +0.30 |
| 2026-04-09 | Imports MoM | 4.7 | 4.0 | +0.028 | Low | +0.27 |
| 2026-05-12 | ZEW Current Conditions | -77.8 | -77.5 | -0.010 | Low | -0.20 |
| 2026-02-27 | Unemployed Persons | 2.977 | 2.981 | +0.022 | Medium | +0.16 |
| 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 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 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 QoQ | 0.3 | 0.3 | +0.000 | Low | +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 | Gross Domestic Product YoY | 0.4 | 0.4 | +0.000 | Medium | +0.00 |
| 2026-02-27 | Unemployment Rate | 6.3 | 6.3 | -0.000 | Medium | -0.00 |
| 2026-03-11 | HICP MoM | 0.4 | 0.4 | -0.000 | Low | -0.00 |
| 2026-03-11 | CPI | 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 | CPI YoY | 1.9 | 1.9 | -0.000 | Medium | -0.00 |
| 2026-03-11 | Inflation Rate YoY | 1.9 | 1.9 | -0.000 | Low | -0.00 |
| 2026-03-11 | HICP YoY | 2.0 | 2.0 | -0.000 | Low | -0.00 |
| 2026-03-11 | CPI | 0.2 | 0.2 | -0.000 | High | -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 |
| 2026-03-11 | HICP MoM | 0.4 | 0.4 | -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 MoM | 0.2 | 0.2 | -0.000 | Low | -0.00 |
| 2026-03-11 | CPI MoM | 0.2 | 0.2 | -0.000 | High | -0.00 |
| 2026-03-11 | Harmonised Inflation Rate MoM | 0.4 | 0.4 | -0.000 | Low | -0.00 |
| 2026-03-25 | Ifo Expectations | 86.0 | 86.0 | +0.000 | Low | +0.00 |
| 2026-03-30 | Inflation Rate YoY | 2.7 | 2.7 | -0.000 | High | -0.00 |
| 2026-03-30 | HICP MoM | 1.2 | 1.2 | -0.000 | Low | -0.00 |
| 2026-03-30 | Inflation Rate MoM | 1.1 | 1.1 | -0.000 | Medium | -0.00 |
| 2026-03-30 | Harmonised Inflation Rate YoY | 2.8 | 2.8 | -0.000 | Low | -0.00 |
| 2026-03-30 | CPI YoY | 2.7 | 2.7 | -0.000 | Medium | -0.00 |
| 2026-03-30 | HICP YoY | 2.8 | 2.8 | -0.000 | Low | -0.00 |
| 2026-03-30 | CPI MoM | 1.1 | 1.1 | -0.000 | High | -0.00 |
| 2026-03-30 | Harmonised Inflation Rate MoM | 1.2 | 1.2 | -0.000 | Low | -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 | HICP MoM | 1.2 | 1.2 | -0.000 | Low | -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 |
| 2026-04-10 | Inflation Rate MoM | 1.1 | 1.1 | -0.000 | Low | -0.00 |
| 2026-04-10 | Harmonised Inflation Rate YoY | 2.8 | 2.8 | -0.000 | Low | -0.00 |
| 2026-04-10 | Harmonised Inflation Rate 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 | Inflation Rate YoY | 2.7 | 2.7 | -0.000 | Low | -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 | HICP 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 | CPI YoY | 2.9 | 2.9 | -0.000 | Medium | -0.00 |
| 2026-05-12 | Harmonised Inflation Rate MoM | 0.5 | 0.5 | -0.000 | Low | -0.00 |
| 2026-05-12 | Inflation Rate 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 |