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Switzerland Producer Price Index MoM climbed to 0.7% in August 2026, released September 2026, up 0.8% from July's -0.1% reading. The print exceeded the 0.1% consensus by 0.6%. Producer Price Index MoM has now risen for 4 consecutive months. Over the past 3 months, Producer Price Index MoM averaged -0.2%, vs 0.2% in the prior 3-month window. The reading is in the 93rd percentile of the trailing 24-month range.
across last 12 releases
Sep 2026
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.44 | COMMODITIES | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.42 | INDEX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.33 | FOREX | Moves against | → View |
| DAX | ▼ Inverse | −0.32 | INDEX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.32 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
Producer Price Index MoM (Switzerland) was reported at 0.7% in September 2026. This beat the market consensus of 0.1% by 0.6%. The reading rose from the previous value of -0.1%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged -0.13%, ranging from -0.6% to 0.8% across 12 releases.
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.1%, up from the prior three at 0.03%. Volatility over the past year (σ 0.42%) is higher than the prior year (σ 0.24%).
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with Euro STOXX 50, negatively correlated (Bearish Euro STOXX 50). Over the last 12 releases, the Sigmacast model's median absolute error is 0.28%.
The next release is scheduled for October 15, 2026. Same-country events in the next 14 days include Balance of Trade (Sep 17) and SECO Economic Forecasts (Sep 17).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
Switzerland's Producer Price Index MoM surged to 0.700000% in September, beating the 0.100000% estimate and reversing August's -0.100000% decline. September's 0.7% marks a sharp rebound from August's contraction, signaling renewed upward pressure on producer costs. Market focus will remain on inflation trends ahead of upcoming Swiss National Bank policy decisions. Updated 9/14/26
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.
Latest reading (Aug 2026): actual 0.7 %, consensus 0.1 %. Prior reading (Jul 2026): -0.1 %. Before that (Jun 2026): -0.3 %.
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish 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 XAU/USD (Bearish XAU, r=-0.44) — a useful reference for commodities-focused traders.
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| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:30 | Producer Price Index YoY | -0.7 | -2.1 | -1.3 | -1.00 | Low | |
| 06:30 | Producer Price Index MoM | 0.7 | -0.1 | 0.1 | 0.40 | Low | |
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | Balance of Trade | 8.1 | 7.5 | 8.55 | Medium | ||