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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
EstoniaEstonia Producer Price Index MoM climbed to 0.0% in April 2026
FMPMonthlyReleased May 2026
Estonia Producer Price Index MoM climbed to 0.0% in April 2026, released May 2026, up 3.6% from March's -3.6% reading. The print exceeded the -1.0% consensus by 1.0%. The print is running well below the 12-month average of 0.08%. Over the past 3 months, Producer Price Index MoM averaged 0.67%, vs -0.45% in the prior 3-month window. The reading is in the 47th percentile of the trailing 24-month range.
Latest Release
0
Actual
-1
Consensus
-3.6
Previous
Median Absolute Error
±1.29 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 0.75
Actual: 0
Error: +0.75
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 |
|---|---|---|---|---|---|
| GBP/USD | ▼ Inverse | −0.58 | FOREX | Bearish GBP | → View |
| EUR/USD | ▼ Inverse | −0.44 | FOREX | Bearish EUR | → View |
| XAU/USD | ▼ Inverse | −0.43 | COMMODITIES | Bearish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (Estonia) was reported at 0% in May 2026. This beat the market consensus of -1% by 1%. The reading rose from the previous value of -3.6%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.51%, ranging from -1.4% to 5.7% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 1.87%, up from the prior three at -0.2%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/USD (Bearish GBP). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.29%.
WHAT TO WATCH NEXT
The next release is scheduled for June 22, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Producer Price Index MoM - EE
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About Producer Price Index MoM — Estonia
DEFINITION
Estonia's Producer Price Index MoM came in at 0.000000% for May, beating the -1.000000% estimate. This marks a sharp rebound from April's -3.600000%, signaling a halt in the prior month's contraction. Market focus now shifts to upcoming inflation data for further clarity on price pressures. Updated 5/20/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Apr 2026): actual 0 %, consensus -1 %. Prior reading (Apr 2026): 0 %. Before that (Apr 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower 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 headwind in the current projection. This indicator correlates most strongly with GBP/USD (Bearish GBP, r=-0.58) — a useful reference for forex-focused traders.