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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Imports MoM s.a climbed to -3.4% in January 2023
FMPMonthlyReleased March 2023
Germany Imports MoM s.a climbed to -3.4% in January 2023, released March 2023, up 2.2% from December's -5.6% reading. The reading missed the 2.0% consensus by 5.4%. The print is running well below the 12-month average of -0.32%. Over the past 3 months, Imports MoM s.a averaged -4.7%, vs -0.87% in the prior 3-month window. The reading is in the 20th percentile of the trailing 24-month range.
Latest Release
-3.4
Actual
2
Consensus
-5.6
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| DAX | ▲ Direct | +0.55 | INDEX | Bullish DE | → View |
| EUR/USD | ▲ Direct | +0.50 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/CHF | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Imports MoM s.a (Germany) was reported at -3.4% in March 2023. This missed the market consensus of 2% by 5.4%. The reading rose from the previous value of -5.6%.
WHY IT MATTERS
The trailing three releases averaged -4.27%, down from the prior three at -0.87%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with DAX (Bullish DE). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 2.27%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (May 29) and Unemployed Persons (May 29).
Auto-generated from current model state · Refreshes on each release · Last update March 2023.
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Imports MoM s.a - DE
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About Imports MoM s.a — Germany
DEFINITION
Imports MoM s.a. is a financial indicator that measures the monthly change in the value of goods and services imported into a country, after adjusting for seasonal variations. It is a key metric used by economists and analysts to track the level of international trade and the impact of imports on a country's economy. This indicator provides valuable insights into the demand for foreign goods and the strength of a country's domestic market. It is often used in conjunction with other economic indicators to assess the overall health of an economy and inform business and investment decisions.
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 (Jan 2023): actual -3.4 %, consensus 2 %. Prior reading (Dec 2022): -6.1 %. Before that (Nov 2022): -3.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 tailwind in the current projection. This indicator correlates most strongly with DAX (Bullish DE, r=0.55) — a useful reference for index-focused traders.