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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
EstoniaEstonia Producer Price Index MoM fell to -0.6% in July 2026
FMPMonthlyReleased August 2026
Estonia Producer Price Index MoM fell to -0.6% in July 2026, released August 2026, down 0.3% from June's -0.3% reading. The reading missed the 0.5% consensus by 1.1%. Producer Price Index MoM has now declined for 3 consecutive months. Over the past 3 months, Producer Price Index MoM averaged 0.4%, vs 0.5% in the prior 3-month window. The reading is in the 29th percentile of the trailing 24-month range.
Latest Release
-0.6
Actual
0.5
Consensus
-0.3
Previous
Median Absolute Error
±0.92 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.73
Actual: -0.6
Error: +1.32
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 |
|---|---|---|---|---|---|
| GBP/USD | ▼ Inverse | −0.56 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.28 | COMMODITIES | 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 (Estonia) was reported at -0.6% in August 2026. This missed the market consensus of 0.5% by 1.1%. The reading fell from the previous value of -0.3%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.66%, ranging from -1.1% to 5.7% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.07%, down from the prior three at 1.87%. Volatility over the past year (σ 1.74%) is lower than the prior year (σ 1.95%).
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 0.92%.
WHAT TO WATCH NEXT
The next release is scheduled for September 21, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 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 for August fell by -0.600000%, missing the 0.500000% estimate and declining from July's -0.300000%. This marks a deeper contraction in producer prices compared to the previous month, signaling continued downward pressure on input costs. Market participants will watch upcoming inflation data closely as the central bank maintains a cautious stance. Updated 8/21/26
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 (Jul 2026): actual -0.6 %, consensus 0.5 %. Prior reading (Jun 2026): -0.3 %. Before that (May 2026): 1.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook diverging from that direction. 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 GBP/USD (Bearish GBP, r=-0.56) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - EE Events
| Monday, September 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | EE | Producer Price Index MoM | -0.6 | 1 | 1.30 | Low | |
| 05:00 | EE | Producer Price Index YoY | 3.5 | 2.9 | 3.20 | Low | |