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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Exports MoM s.a climbed to 2.1% in January 2023
FMPMonthlyReleased March 2023
Germany Exports MoM s.a climbed to 2.1% in January 2023, released March 2023, up 8.4% from December's -6.3% reading. The print exceeded the 1.5% consensus by 0.6%. The print is running well above the 12-month average of 0.04%. Over the past 3 months, Exports MoM s.a averaged -3.3%, vs 0.17% in the prior 3-month window. Exports MoM s.a is now the highest in 6 months.
Latest Release
2.1
Actual
1.5
Consensus
-6.3
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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 |
|---|---|---|---|---|---|
| DAX | ▲ Direct | +0.55 | INDEX | Bullish DE | → View |
| EUR/USD | ▲ Direct | +0.50 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/CHF | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Exports MoM s.a (Germany) was reported at 2.1% in March 2023. This beat the market consensus of 1.5% by 0.6%. The reading rose from the previous value of -6.3%.
WHY IT MATTERS
The trailing three releases averaged -1.5%, down from the prior three at 0.17%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with DAX (Bullish DE). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.57%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (May 29) and Unemployed Persons (May 29).
Auto-generated from current model state · Refreshes on each release · Last update March 2023.
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Exports MoM s.a - DE
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About Exports MoM s.a — Germany
DEFINITION
Exports MoM s.a is a financial indicator that measures the month-over-month change in a country's exports, adjusted for seasonal variations. It provides valuable insights into the performance of a country's export sector and can help investors and policymakers make informed decisions. This indicator is widely used to track the growth and competitiveness of a country's economy, making it an important tool for analyzing global trade trends.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. 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 (Jan 2023): actual 2.1 %, consensus 1.5 %. Prior reading (Dec 2022): -6.3 %. Before that (Nov 2022): -0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with DAX (Bullish DE, r=0.55) — a useful reference for index-focused traders.