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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland Producer Price Index MoM fell to 0.3% in September 2026
FMPMonthlyReleased October 2026
Switzerland Producer Price Index MoM fell to 0.3% in September 2026, released October 2026, down 0.4% from August's 0.7% reading. The reading missed the 0.5% consensus by 0.2%. The print is running well above the 12-month average of -0.07%. Over the past 3 months, Producer Price Index MoM averaged 0.3%, vs 0.03% in the prior 3-month window. The reading is in the 86th percentile of the trailing 24-month range.
Latest Release
0.3
Actual
0.5
Consensus
0.7
Previous
Median Absolute Error
±0.27 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 0.68
Actual: 0.3
Error: +0.38
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 |
|---|---|---|---|---|---|
| Euro STOXX 50 | ▼ Inverse | −0.58 | INDEX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.55 | COMMODITIES | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.54 | FOREX | Moves against | → View |
| EUR/CHF | ▼ Inverse | −0.36 | FOREX | Moves against | → View |
| DAX | ▼ Inverse | −0.33 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (Switzerland) was reported at 0.3% in October 2026. This missed the market consensus of 0.5% by 0.2%. The reading fell from the previous value of 0.7%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged -0.05%, ranging from -0.5% to 0.8% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 0.3%, up from the prior three at 0.03%. Volatility over the past year (σ 0.42%) is higher than the prior year (σ 0.28%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Euro STOXX 50 (Bearish Euro STOXX 50). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.28%.
WHAT TO WATCH NEXT
The next release is scheduled for November 13, 2026. Same-country events in the next 14 days include procure.ch Manufacturing PMI (Nov 2) and Inflation Rate YoY (Nov 3).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Producer Price Index MoM - CH
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About Producer Price Index MoM — Switzerland
DEFINITION
Switzerland's Producer Price Index MoM rose 0.300000% in September, missing the 0.500000% estimate. This marks a slowdown from August's 0.700000% increase, indicating a deceleration in producer price inflation. Markets will watch upcoming inflation data closely amid this easing trend. Updated 10/15/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 0.3 %, consensus 0.5 %. Prior reading (Aug 2026): 0.7 %. Before that (Jul 2026): -0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. 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 Euro STOXX 50 (Bearish Euro STOXX 50, r=-0.58) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - CH Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | CH | KOF Leading Indicators | 107.6 | 109.1 | 108.3 | 107.95 | Medium |