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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Imports MoM climbed to 0.9% in August 2026
FMPMonthlyReleased October 2026
Germany Imports MoM climbed to 0.9% in August 2026, released October 2026, up 6.4% from July's -5.5% reading. The reading missed the 2.8% consensus by 1.9%. The print is running well above the 12-month average of 0.07%. Over the past 3 months, Imports MoM averaged -0.65%, vs 1.27% in the prior 3-month window. The reading is in the 54th percentile of the trailing 24-month range.
Latest Release
0.9
Actual
2.8
Consensus
-5.5
Previous
Median Absolute Error
±2.61 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 4.5
Actual: 0.9
Error: +3.6
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 | ▲ Direct | +0.52 | FOREX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.42 | INDEX | Moves with | → View |
| FTSE 100 | ▲ 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 0.9% in October 2026. This missed the market consensus of 2.8% by 1.9%. The reading rose from the previous value of -5.5%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged -0.73%, ranging from -5.9% to 4.4% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged -0.13%, up from the prior three at -2.4%. Volatility over the past year (σ 3.24%) is higher than the prior year (σ 2.43%). In October readings over the past 3 years, Imports MoM has averaged -1.27%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/GBP (Bullish 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 2.61%.
WHAT TO WATCH NEXT
The next release is scheduled for November 9, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Oct 30) and Inflation Rate MoM (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update October 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 (Aug 2026): actual 0.9 %, consensus 2.8 %. Prior reading (Jul 2026): -5.7 %. Before that (Jun 2026): 4.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/GBP (Bullish EUR, r=0.52) — a useful reference for forex-focused traders.
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Economic Calendar - DE Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | DE | Import Prices MoM | 2.1 | 1 | 1.8 | 1.95 | Low |
| 07:00 | DE | Import Prices YoY | 10.4 | 8.3 | 10.3 | 10.35 | Low |
| 08:55 | DE | Unemployment Rate | 6.4 | 6.4 | 6.4 | 6.43 | High |
| 08:55 | DE | Unemployed Persons | 3.016 | 3.012 | 3.017 | 3.02 | Medium |
| 08:55 | DE | Employment Change | 4 | 12 | 5 | 5.00 | High |
| 09:00 | DE | GDP Growth Rate QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 09:00 | DE | GDP Growth Rate YoY | 1.2 | 1 | 1.1 | 1.15 | High |