Germany Imports MoM

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period: May

What Does It Measure?

Germany's Imports MoM measures the change in the total value of goods imported into Germany compared to the previous month. This indicator primarily assesses the trends in production and consumption within the economy, reflecting demand for foreign goods and the overall health of the import sector.

Frequency

The Imports MoM data is released on a monthly basis, typically as a preliminary estimate that may be revised in subsequent reports, and it is usually published around the 7th working day after the month being reported.

Why Do Traders Care?

Traders closely monitor Imports MoM because it provides insight into Germany's economic performance and demand for goods, which can influence the Euro (EUR) and impact stock market sentiment. Higher-than-expected import figures may indicate robust consumer demand, thus becoming bullish for the currency and equities, while disappointing results could have a bearish effect.

What Is It Derived From?

The Imports MoM figure is derived from customs data, with calculations based on the value of imports recorded by the German customs authorities. It involves comprehensive surveys and data collection from various sectors, ensuring that the reported figures accurately represent changes in import activity.

Description

The Imports MoM data is a preliminary report that provides early insights into economic trends related to trade and consumer behavior in Germany. Its importance lies in its ability to highlight immediate shifts in demand before final figures are confirmed, making it a vital component for economic analysis and forecasting.

Additional Notes

The Imports MoM figure is often compared against other trade indicators, such as exports and trade balance reports, to gauge overall economic health. It serves as a coincident economic measure, reflecting current trade conditions and their potential effects on broader economic trends.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise