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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Imports MoM climbed to 4.4% in June 2026
FMPMonthlyReleased August 2026
Germany Imports MoM climbed to 4.4% in June 2026, released August 2026, up 7.0% from May's -2.6% reading. The print exceeded the 1.0% consensus by 3.4%. The print is running well above the 12-month average of 0.22%. Over the past 3 months, Imports MoM averaged -0.65%, vs 1.3% in the prior 3-month window. The reading is in the 85th percentile of the trailing 24-month range.
Latest Release
4.4
Actual
1
Consensus
-2.6
Previous
Median Absolute Error
±2.44 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: -0.3
Actual: 4.4
Error: -4.7
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/JPY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.39 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Imports MoM (Germany) was reported at 4.4% in August 2026. This beat the market consensus of 1% by 3.4%. The reading rose from the previous value of -2.6%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged -0.36%, ranging from -5.9% to 4.4% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 1.03%, up from the prior three at -1.23%. Volatility over the past year (σ 2.72%) is comparable than the prior year (σ 2.73%). In August readings over the past 3 years, Imports MoM has averaged 2.97%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/JPY (Bearish EUR). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 2.44%.
WHAT TO WATCH NEXT
The next release is scheduled for September 8, 2026. Same-country events in the next 14 days include Balance of Trade (Sep 8) and Exports MoM (Sep 8).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Imports MoM - DE
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About Imports MoM — Germany
DEFINITION
Imports MoM is a financial indicator that measures the change in the value of goods and services imported into a country on a month-over-month basis. This indicator is used by economists and investors to track the level of international trade and assess the impact of imports on a country's economy. A positive change in Imports MoM indicates an increase in the demand for foreign goods, while a negative change may suggest a decrease in consumer spending and economic activity. This data can provide valuable insights into a country's trade balance and overall economic health.
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 4.4 %, consensus 1 %. Prior reading (May 2026): -2.5 %. Before that (Apr 2026): 1.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower 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 headwind in the current projection. This indicator correlates most strongly with EUR/JPY (Bearish EUR, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - DE Events
| Monday, September 7, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Industrial Production MoM | -1.1 | 0 | 0.1 | -0.20 | Medium |
| Tuesday, September 8, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | DE | Balance of Trade | 15.4 | 16.5 | 16.25 | High | |
| 06:00 | DE | Exports MoM | 0.9 | 0 | 0.60 | Medium | |