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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 |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.62 | INDEX | Moves with | → View |
| EUR/GBP | ▲ Direct | +0.31 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.29 | COMMODITIES | Moves with | → View |
| DAX | ▲ Direct | +0.28 | INDEX | Moves with | → 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 -5.7% in September 2026. The reading fell from the previous value of 4.5%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged -0.98%, ranging from -5.9% to 4.4% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged -1.27%, down from the prior three at -1.1%. Volatility over the past year (σ 3.19%) is higher than the prior year (σ 2.62%). In September readings over the past 3 years, Imports MoM has averaged -0.13%.
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, positively correlated (Bullish EUR). 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 October 8, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Sep 15) and Wholesale Prices YoY (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 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 (Jul 2026): actual -5.7 %. Prior reading (Jun 2026): 4.4 %. Before that (May 2026): -2.5 %.
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 S&P 500 (Bullish S&P 500, r=0.62) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - DE Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Wholesale Prices MoM | 0.2 | 0.1 | 0.10 | Medium | |
| 06:00 | DE | Wholesale Prices YoY | 5.3 | 6.2 | 6.20 | Medium | |
| 09:00 | DE | ZEW Economic Sentiment Index | 34.2 | 37 | 45.25 | High | |
| 09:00 | DE | ZEW Current Conditions | -61.1 | -52.2 | -53.70 | Low | |
| 09:00 | DE | Economic Sentiment | 34.2 | 42.7 | 50.85 | Medium | |