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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Imports MoM fell to -2.5% in May 2026
FMPMonthlyReleased July 2026
Germany Imports MoM fell to -2.5% in May 2026, released July 2026, down 3.6% from April's 1.1% reading. The reading missed the 0.1% consensus by 2.6%. Imports MoM has now declined for 3 consecutive months. Over the past 3 months, Imports MoM averaged 3.15%, vs 0.07% in the prior 3-month window. The reading is in the 20th percentile of the trailing 24-month range.
Latest Release
-2.5
Actual
0.1
Consensus
1.1
Previous
Median Absolute Error
±2.09 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.1
Actual: -2.5
Error: +2.6
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 |
|---|---|---|---|---|---|
| EUR/GBP | ▼ Inverse | −0.70 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.65 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.60 | INDEX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.45 | COMMODITIES | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.44 | 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 -2.5% in July 2026. This missed the market consensus of 0.1% by 2.6%. The reading fell from the previous value of 1.1%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged -0.38%, ranging from -5.9% to 4.2% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged -2.4%, down from the prior three at 0.33%. Volatility over the past year (σ 2.68%) is comparable than the prior year (σ 2.78%). In July readings over the past 3 years, Imports MoM has averaged -4.3%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/GBP (Bearish EUR). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 2.09%.
WHAT TO WATCH NEXT
The next release is scheduled for August 7, 2026. 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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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 (May 2026): actual -2.5 %, consensus 0.1 %. Prior reading (Apr 2026): 1.2 %. Before that (Mar 2026): 5.1 %.
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 (Bearish EUR, r=-0.70) — 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 |