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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Exports MoM climbed to 0.9% in May 2026
FMPMonthlyReleased July 2026
Germany Exports MoM climbed to 0.9% in May 2026, released July 2026, up 0.1% from April's 0.8% reading. The print exceeded the -0.3% consensus by 1.2%. The print is running well above the 12-month average of 0.08%. Over the past 3 months, Exports MoM averaged 0.7%, vs 1.77% in the prior 3-month window. The reading is in the 61st percentile of the trailing 24-month range.
Latest Release
0.9
Actual
-0.3
Consensus
0.8
Previous
Median Absolute Error
±0.91 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.3
Actual: 0.9
Error: -0.6
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 |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.46 | INDEX | Moves with | → View |
| EUR/GBP | ▼ Inverse | −0.39 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.33 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.33 | CRYPTO | Moves with | → View |
| Euro STOXX 50 | ▼ Inverse | −0.28 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Exports MoM (Germany) was reported at 0.9% in July 2026. This beat the market consensus of -0.3% by 1.2%. The reading rose from the previous value of 0.8%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.09%, ranging from -2.5% to 4% across 9 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged -0.17%, down from the prior three at 0.53%. Volatility over the past year (σ 1.84%) is lower than the prior year (σ 2.13%). In July readings over the past 3 years, Exports MoM has averaged -1.37%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.91%.
WHAT TO WATCH NEXT
The next release is scheduled for August 7, 2026. Same-country events in the next 14 days include Unemployment Rate (Jul 31) and Employment Change (Jul 31).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Exports MoM - DE
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About Exports MoM — Germany
DEFINITION
Exports MoM (Month-over-Month) is a financial indicator that measures the change in a country's total exports from one month to the next. It is used by economists and investors to track the performance of a country's international trade and can provide insights into the overall health of its economy. A positive change in Exports MoM indicates an increase in exports, which can lead to economic growth and a stronger currency. Conversely, a negative change may suggest a decline in exports, which can have a negative impact on a country's economy. This indicator is often closely monitored by policymakers and businesses to make informed decisions about trade and investment strategies.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 0.9 %, consensus -0.3 %. Prior reading (Apr 2026): 0.9 %. Before that (Mar 2026): 0.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.46) — a useful reference for index-focused traders.
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Economic Calendar - DE Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | DE | GDP Growth Rate QoQ | 0.2 | 0.4 | 0.1 | 0.15 | High |
| 08:00 | DE | GDP Growth Rate YoY | 0.9 | 0.7 | 0.6 | 0.75 | High |
| 08:00 | DE | Gross Domestic Product QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 08:00 | DE | Gross Domestic Product YoY | 0.9 | 0.4 | 0.6 | 0.75 | Medium |
| 12:00 | DE | Inflation Rate YoY | 2.8 | 2.3 | 2.7 | 2.75 | High |
| 12:00 | DE | Harmonised Inflation Rate YoY | 2.8 | 2.4 | 2.8 | 2.80 | Low |
| 12:00 | DE | Harmonised Inflation Rate MoM | 0.9 | -0.2 | 0.8 | 0.85 | Low |
| 12:00 | DE | HICP MoM | 0.9 | -0.2 | 0.8 | 0.85 | Low |
| 12:00 | DE | HICP YoY | 2.8 | 2.4 | 2.8 | 2.80 | Low |
| 12:00 | DE | Inflation Rate MoM | 0.8 | -0.3 | 0.7 | 0.75 | Medium |
| 12:00 | DE | CPI YoY | 2.8 | 2.3 | 2.7 | 2.75 | Medium |
| 12:00 | DE | CPI MoM | 0.8 | -0.3 | 0.7 | 0.75 | High |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:55 | DE | Unemployment Rate | 6.3 | 6.3 | 6.30 | Medium | |
| 07:55 | DE | Employment Change | -1 | 5 | 5.00 | Medium | |
| 07:55 | DE | Unemployed Persons | 2.984 | 2.989 | 2.99 | Medium | |