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Economic Surprises Germany
Germany +2.8 ▬ vs 1w ago (+2.9)
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
+2.8
1 Week Ago
+2.9
Releases (90d)
209
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 (209 events)
Date Event Actual Estimate Surprise Z Impact Contribution
2026-03-17 Economic Sentiment -0.5 39.0 -1.598 Medium -71.18
2026-02-27 CPI 0.2 0.5 +1.434 High +63.21
2026-02-27 CPI 0.2 0.5 +1.434 High +63.21
2026-02-27 CPI 0.2 0.5 +1.434 High +63.21
2026-03-10 Imports MoM -5.9 -0.3 -3.004 Low -56.92
2026-01-30 Inflation Rate MoM 0.1 -0.1 -2.997 Medium -46.12
2026-02-20 S&P Global Manufacturing PMI 50.7 49.5 +1.157 High +43.40
2026-03-20 Producer Price Index MoM -0.5 0.3 +1.372 Low +32.75
2026-02-20 Manufacturing PMI 50.7 49.5 +0.785 High +29.42
2026-01-09 Exports MoM -2.5 0.2 -3.052 Medium -28.91
2026-02-27 Inflation Rate MoM 0.2 0.5 +0.899 Medium +26.42
2026-02-20 Producer Price Index YoY -3.0 -2.1 +1.043 Medium +26.07
2026-02-20 HCOB Manufacturing PMI 50.7 49.8 +0.690 High +25.89
2026-03-20 Producer Price Index YoY -3.3 -2.7 +0.541 Medium +25.82
2026-02-20 Services PMI 53.4 52.4 +0.864 Medium +21.59
2026-02-20 Services PMI 53.4 52.4 +0.864 Medium +21.59
2026-02-20 Services PMI 53.4 52.4 +0.864 Medium +21.59
2026-02-20 HCOB Services PMI 53.4 52.3 +0.834 Medium +20.86
2026-03-02 Retail Sales MoM -0.9 -0.2 -0.654 Medium -20.59
2026-02-06 Industrial Production MoM -1.9 -0.3 -1.102 Medium -19.94
2026-02-20 Producer Price Index MoM -0.6 0.3 +1.543 Low +19.29
2026-03-17 ZEW Economic Sentiment Index -0.5 39.0 -0.288 High -19.22
2026-02-05 HCOB Construction PMI 44.7 50.5 -2.163 Low -19.12
2026-03-10 Balance of Trade 21.2 15.2 +0.332 High +18.85
2026-02-20 HCOB Composite PMI 53.1 52.3 +0.740 Medium +18.51
2026-02-20 Manufacturing PMI 50.7 49.6 +0.718 Medium +17.94
2026-02-13 Wholesale Prices MoM 0.9 0.3 -0.818 Medium -17.39
2026-02-27 HICP YoY 2.0 2.1 +1.016 Low +14.92
2026-02-27 HICP YoY 2.0 2.1 +1.016 Low +14.92
2026-02-27 HICP YoY 2.0 2.1 +1.016 Low +14.92
2026-02-27 HICP YoY 2.0 2.1 +1.016 Low +14.92
2026-01-30 Gross Domestic Product QoQ 0.3 0.2 +0.613 High +14.15
2026-01-30 Gross Domestic Product QoQ 0.3 0.2 +0.613 High +14.15
2026-01-30 GDP Growth Rate QoQ 0.3 0.2 +0.613 High +14.14
2026-01-06 Inflation Rate MoM 0.0 0.2 +1.499 Medium +13.25
2026-02-04 Services PMI 52.4 53.3 -0.764 Medium -13.20
2026-02-04 Services PMI 52.4 53.3 -0.764 Medium -13.20
2026-03-06 New Car Registrations YoY 3.8 -4.4 +0.739 Low +12.76
2026-02-06 Exports MoM 4.0 1.0 +0.678 Medium +12.27
2026-01-30 Gross Domestic Product YoY 0.4 0.3 +0.783 Medium +12.05
2026-01-30 Gross Domestic Product YoY 0.4 0.3 +0.783 Medium +12.05
2026-03-05 HCOB Construction PMI 43.7 45.4 -0.705 Low -11.90
2026-03-09 Industrial Production MoM -0.5 0.9 -0.321 Medium -11.90
2026-02-04 S&P Global Services PMI 52.4 53.3 -0.672 Medium -11.61
2026-02-20 PMI 53.1 52.3 +0.883 Low +11.04
2026-02-20 PMI 53.1 52.3 +0.883 Low +11.04
2026-02-20 PMI 53.1 52.3 +0.883 Low +11.04
2026-02-13 Wholesale Prices YoY 1.2 0.6 -0.516 Medium -10.98
2026-01-30 HICP MoM -0.1 -0.2 -1.399 Low -10.77
2026-01-30 HICP MoM -0.1 -0.2 -1.399 Low -10.77
2026-01-30 HICP MoM -0.1 -0.2 -1.399 Low -10.77
2026-01-07 Retail Sales MoM -0.6 0.2 -0.747 High -10.13
2026-02-04 New Car Registrations YoY -6.6 3.4 -1.166 Low -10.07
2026-01-20 Producer Price Index MoM -0.2 0.1 +1.543 Low +9.43
2026-01-15 Wholesale Prices MoM -0.2 0.2 +0.818 Medium +8.90
2026-02-05 Factory Orders MoM 7.8 -2.2 +0.499 Medium +8.82
2026-02-06 Imports MoM 1.4 0.2 +0.966 Low +8.73
2026-01-06 HICP YoY 2.0 2.2 +1.939 Low +8.57
2026-02-27 Inflation Rate YoY 1.9 2.0 +0.189 High +8.34
2026-03-13 Wholesale Prices MoM 0.6 0.4 -0.204 Medium -8.30
2026-01-26 Ifo Business Climate 87.6 88.1 -0.393 High -8.28
2026-02-27 HICP MoM 0.4 0.5 +0.560 Low +8.23
2026-02-27 HICP MoM 0.4 0.5 +0.560 Low +8.23
2026-02-27 HICP MoM 0.4 0.5 +0.560 Low +8.23
2026-02-27 HICP MoM 0.4 0.5 +0.560 Low +8.23
2026-01-30 HICP YoY 2.1 2.0 -1.066 Low -8.21
2026-01-30 HICP YoY 2.1 2.0 -1.066 Low -8.21
2026-01-30 HICP YoY 2.1 2.0 -1.066 Low -8.21
2026-03-13 Current Account 17.1 14.4 +0.389 Low +7.91
2026-01-23 Services PMI 53.3 52.6 +0.602 Medium +7.88
2025-12-23 Import Prices MoM 0.5 0.1 -2.444 Low -7.82
2026-02-27 Import Prices MoM 1.1 0.6 -0.509 Low -7.48
2026-01-08 Factory Orders MoM 5.6 -1.0 +0.724 Medium +6.71
2026-03-09 Factory Orders MoM -11.1 -4.3 -0.174 Medium -6.43
2026-01-30 GDP Growth Rate YoY 0.4 0.3 +0.277 High +6.40
2026-02-23 Ifo Business Climate 88.6 88.4 +0.157 High +6.30
2026-01-06 HICP MoM 0.2 0.4 +1.399 Low +6.18
2026-01-07 HCOB Construction PMI 50.3 47.0 +1.322 Low +5.98
2026-01-09 Industrial Production MoM 0.8 -0.4 +0.620 Medium +5.87
2026-02-04 HCOB Services PMI 52.4 53.3 -0.670 Low -5.79
2026-01-20 Producer Price Index YoY -2.5 -2.1 +0.464 Medium +5.66
2026-02-23 Ifo Current Conditions 86.7 86.3 +0.388 Low +5.19
2026-01-23 PMI 52.5 51.8 +0.780 Low +5.11
2026-01-06 Inflation Rate YoY 1.8 2.0 +0.378 High +5.02
2026-02-06 Balance of Trade 17.1 14.1 +0.179 High +4.85
2026-02-27 Import Prices YoY -2.3 -2.8 -0.326 Low -4.79
2026-02-02 Retail Sales MoM 0.1 -0.2 +0.280 Medium +4.62
2026-01-30 Harmonised Inflation Rate MoM -0.1 -0.2 -0.575 Low -4.42
2026-02-02 Manufacturing PMI 49.1 48.7 +0.266 Medium +4.38
2026-01-30 Inflation Rate YoY 2.1 2.0 -0.189 High -4.37
2026-01-30 Employment Change 0.0 4.0 -0.274 Medium -4.22
2026-02-17 Economic Sentiment 58.3 65.8 -0.180 Medium -4.19
2026-02-17 Economic Sentiment 58.3 65.8 -0.180 Medium -4.19
2026-02-17 Economic Sentiment 58.3 65.8 -0.180 Medium -4.19
2026-02-17 Economic Sentiment 58.3 65.8 -0.180 Medium -4.19
2026-03-13 Wholesale Prices YoY 1.2 1.0 -0.103 Medium -4.19
2026-02-27 Employment Change 1.0 2.0 -0.137 Medium -4.03
2026-01-23 HCOB Services PMI 53.3 52.9 +0.300 Medium +3.93
2026-01-06 New Car Registrations YoY 9.7 3.0 +0.885 Low +3.91
2026-01-02 Manufacturing PMI 47.0 47.7 -0.475 Medium -3.83
2026-02-04 PMI 52.1 52.5 -0.440 Low -3.80
2026-02-04 PMI 52.1 52.5 -0.440 Low -3.80
2026-01-20 Economic Sentiment 59.6 50.0 +0.303 Medium +3.70
2026-01-23 HCOB Composite PMI 52.5 52.2 +0.278 Medium +3.64
2026-03-17 ZEW Current Conditions -62.9 -67.3 +0.160 Low +3.57
2026-01-30 Import Prices MoM -0.1 -0.4 -0.458 Low -3.53
2026-02-04 S&P Global Composite PMI 52.1 52.5 -0.393 Low -3.39
2026-02-27 Harmonised Inflation Rate MoM 0.4 0.5 +0.230 Low +3.38
2026-02-02 S&P Global Manufacturing PMI 49.1 48.7 +0.392 Low +3.23
2026-02-04 HCOB Composite PMI 52.1 52.5 -0.369 Low -3.19
2026-03-02 Retail Sales YoY 1.2 1.9 -0.098 Medium -3.10
2026-01-23 HCOB Manufacturing PMI 48.7 48.5 +0.158 High +3.09
2026-03-02 S&P Global Manufacturing PMI 50.9 50.7 +0.188 Low +2.97
2026-02-12 Current Account 16.1 14.2 +0.278 Low +2.89
2026-03-04 Services PMI 53.5 53.4 +0.085 Medium +2.80
2026-03-04 Services PMI 53.5 53.4 +0.085 Medium +2.80
2026-03-04 Services PMI 53.5 53.4 +0.085 Medium +2.80
2026-02-25 Consumer Confidence -24.7 -23.1 -0.065 High -2.74
2026-01-23 Manufacturing PMI 48.7 48.5 +0.133 High +2.62
2026-02-02 HCOB Manufacturing PMI 49.1 48.7 +0.314 Low +2.59
2026-01-06 Harmonised Inflation Rate MoM 0.2 0.4 +0.575 Low +2.54
2026-01-09 Balance of Trade 13.1 16.5 -0.173 High -2.46
2026-03-04 S&P Global Services PMI 53.5 53.4 +0.075 Medium +2.46
2026-03-02 HCOB Manufacturing PMI 50.9 50.7 +0.151 Low +2.37
2026-01-09 Imports MoM 0.8 0.2 +0.483 Low +2.29
2026-01-02 HCOB Manufacturing PMI 47.0 47.7 -0.561 Low -2.26
2026-02-02 Manufacturing PMI 49.1 48.7 +0.266 Low +2.19
2026-02-27 Harmonised Inflation Rate YoY 2.0 2.1 +0.149 Low +2.19
2026-01-20 ZEW Economic Sentiment Index 59.6 42.0 +0.119 High +2.18
2026-01-06 CPI 1.8 2.0 +0.239 Medium +2.11
2026-03-02 Manufacturing PMI 50.9 50.7 +0.128 Low +2.01
2026-03-04 PMI 53.2 53.1 +0.109 Low +1.79
2026-03-04 PMI 53.2 53.1 +0.109 Low +1.79
2026-03-04 PMI 53.2 53.1 +0.109 Low +1.79
2026-01-30 Import Prices YoY -2.3 -2.6 -0.210 Low -1.62
2026-03-04 S&P Global Composite PMI 53.2 53.1 +0.097 Low +1.60
2026-03-04 HCOB Composite PMI 53.2 53.1 +0.091 Low +1.50
2026-01-07 Employment Change 3.0 5.0 -0.110 High -1.49
2026-02-23 Ifo Expectations 90.5 90.3 +0.107 Low +1.44
2026-01-15 Wholesale Prices YoY 1.2 1.6 +0.129 Medium +1.40
2026-01-20 ZEW Current Conditions -72.7 -80.0 +0.224 Low +1.37
2026-01-28 Consumer Confidence -24.1 -25.8 +0.062 High +1.36
2026-03-10 Exports MoM -2.3 -2.0 -0.034 Medium -1.28
2026-01-06 Harmonised Inflation Rate YoY 2.0 2.2 +0.285 Low +1.26
2026-03-04 HCOB Services PMI 53.5 53.4 +0.074 Low +1.23
2026-01-30 Harmonised Inflation Rate YoY 2.1 2.0 -0.157 Low -1.21
2026-02-17 ZEW Economic Sentiment Index 58.3 65.0 -0.029 High -1.02
2026-01-06 PMI 51.3 51.5 -0.224 Low -0.99
2026-01-06 HCOB Composite PMI 51.3 51.5 -0.188 Low -0.83
2026-01-06 Services PMI 52.7 52.6 +0.086 Medium +0.76
2026-01-30 Unemployed Persons 2.976 2.984 +0.042 Medium +0.65
2026-02-27 Unemployed Persons 2.977 2.981 +0.021 Medium +0.62
2026-01-06 HCOB Services PMI 52.7 52.6 +0.075 Low +0.33
2026-01-07 Retail Sales YoY 1.1 1.2 -0.022 High -0.30
2026-02-17 ZEW Current Conditions -65.9 -65.7 -0.007 Low -0.09
2026-01-07 Unemployed Persons 2.977 2.978 +0.005 Medium +0.05
2025-12-23 Import Prices YoY -1.9 -1.9 -0.000 Low -0.00
2026-01-07 Unemployment Rate 6.3 6.3 -0.000 High -0.00
2026-01-12 Current Account 15.1 15.1 +0.000 Low +0.00
2026-01-15 Full Year GDP Growth 0.2 0.2 +0.000 High +0.00
2026-01-16 Harmonised Inflation Rate YoY 2.0 2.0 -0.000 Low -0.00
2026-01-16 HICP YoY 2.0 2.0 -0.000 Low -0.00
2026-01-16 Inflation Rate YoY 1.8 1.8 -0.000 Low -0.00
2026-01-16 CPI 1.8 1.8 -0.000 Medium -0.00
2026-01-16 HICP MoM 0.2 0.2 -0.000 Low -0.00
2026-01-16 Harmonised Inflation Rate MoM 0.2 0.2 -0.000 Low -0.00
2026-01-30 Unemployment Rate 6.3 6.3 -0.000 Medium -0.00
2026-02-02 Retail Sales YoY 1.5 1.5 +0.000 Medium +0.00
2026-02-17 HICP YoY 2.1 2.1 -0.000 Low -0.00
2026-02-17 HICP MoM -0.1 -0.1 -0.000 Low -0.00
2026-02-17 CPI 0.1 0.1 -0.000 High -0.00
2026-02-17 HICP MoM -0.1 -0.1 -0.000 Low -0.00
2026-02-17 CPI 0.1 0.1 -0.000 High -0.00
2026-02-17 HICP YoY 2.1 2.1 -0.000 Low -0.00
2026-02-17 HICP YoY 2.1 2.1 -0.000 Low -0.00
2026-02-17 HICP MoM -0.1 -0.1 -0.000 Low -0.00
2026-02-17 CPI 2.1 2.1 -0.000 Medium -0.00
2026-02-17 Inflation Rate YoY 2.1 2.1 -0.000 Low -0.00
2026-02-17 Harmonised Inflation Rate MoM -0.1 -0.1 -0.000 Low -0.00
2026-02-17 Inflation Rate MoM 0.1 0.1 -0.000 Low -0.00
2026-02-17 Harmonised Inflation Rate YoY 2.1 2.1 -0.000 Low -0.00
2026-02-17 HICP MoM -0.1 -0.1 -0.000 Low -0.00
2026-02-17 CPI 2.1 2.1 -0.000 Medium -0.00
2026-02-17 HICP MoM -0.1 -0.1 -0.000 Low -0.00
2026-02-17 HICP YoY 2.1 2.1 -0.000 Low -0.00
2026-02-17 HICP YoY 2.1 2.1 -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
2026-02-25 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 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 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
2026-02-27 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 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 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 Inflation Rate YoY 1.9 1.9 -0.000 Low -0.00
2026-03-11 Harmonised Inflation Rate 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 0.2 0.2 -0.000 High -0.00

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