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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Import Prices MoM fell to -0.7% in June 2026
FMPMonthlyReleased July 2026
Germany Import Prices MoM fell to -0.7% in June 2026, released July 2026, down 1.4% from May's 0.7% reading. The reading matched the -0.7% consensus. Import Prices MoM has now declined for 4 consecutive months. Over the past 3 months, Import Prices MoM averaged 0.95%, vs 1.23% in the prior 3-month window. Import Prices MoM is now the lowest in 13 months.
Latest Release
-0.7
Actual
-0.7
Consensus
0.7
Previous
Median Absolute Error
±0.15 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: -0.65
Actual: -0.7
Error: +0.05
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 |
|---|---|---|---|---|---|
| EUR/GBP | ▲ Direct | +0.44 | FOREX | Moves with | → View |
| Euro STOXX 50 | ▼ Inverse | −0.44 | INDEX | Moves against | → View |
| DAX | ▼ Inverse | −0.39 | INDEX | Moves against | → View |
| S&P 500 | ▼ 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
Import Prices MoM (Germany) was reported at -0.7% in July 2026. This matched the market consensus of -0.7% exactly. The reading fell from the previous value of 0.7%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.21%, ranging from -0.7% to 1.2% across 12 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.4%, down from the prior three at 0.43%. Volatility over the past year (σ 0.57%) is lower than the prior year (σ 0.79%). In July readings over the past 3 years, Import Prices MoM has averaged -0.48%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/GBP (Bullish EUR). A secondary relationship exists with Euro STOXX 50, negatively correlated (Bearish Euro STOXX 50). Over the last 12 releases, the Sigmacast model's median absolute error is 0.15%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Retail Sales MoM (Aug 3) and Retail Sales YoY (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Import Prices MoM - DE
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About Import Prices MoM — Germany
DEFINITION
Import Prices MoM (Month-over-Month) is a financial indicator that measures the change in the prices of goods and services imported into a country on a monthly basis. It provides valuable insights into the cost of foreign goods and the impact of international trade on a country's economy. This indicator is closely monitored by economists, investors, and policymakers as it can reflect changes in inflation, exchange rates, and global economic conditions.
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 (Jun 2026): actual -0.7 %, consensus -0.7 %. Prior reading (May 2026): 0.7 %. Before that (Apr 2026): 1.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with EUR/GBP (Bullish EUR, r=0.44) — a useful reference for forex-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 | 6.4 | 6.3 | 6.3 | 6.35 | Medium |
| 07:55 | DE | Employment Change | 6 | -1 | 5 | 5.50 | Medium |
| 07:55 | DE | Unemployed Persons | 2.993 | 2.987 | 2.989 | 2.99 | Medium |