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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
EstoniaEstonia Producer Price Index MoM fell to -0.3% in June 2026
FMPMonthlyReleased July 2026
Estonia Producer Price Index MoM fell to -0.3% in June 2026, released July 2026, down 1.4% from May's 1.1% reading. The print exceeded the -0.6% consensus by 0.3%. The print is running well below the 12-month average of 0.24%. Over the past 3 months, Producer Price Index MoM averaged 0.55%, vs 0.67% in the prior 3-month window. The reading is in the 33rd percentile of the trailing 24-month range.
Latest Release
-0.3
Actual
-0.6
Consensus
1.1
Previous
Median Absolute Error
±0.92 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: -0.2
Actual: -0.3
Error: +0.1
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 | −0.58 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.42 | FOREX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.41 | 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 -0.3% in July 2026. This beat the market consensus of -0.6% by 0.3%. The reading fell from the previous value of 1.1%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.52%, ranging from -1.4% to 5.7% across 12 releases.
WHY IT MATTERS
The trailing three releases averaged 0.27%, down from the prior three at 1.5%.
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%.
Auto-generated from current model state · Refreshes on each release · Last update July 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 June came in at -0.300000%, beating the -0.600000% estimate. This marks a decline from May's 1.100000%, indicating a slowdown in producer price growth but not as steep as expected. Markets will watch upcoming inflation data closely amid this easing trend. Updated 7/20/26
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 (Jun 2026): actual -0.3 %, consensus -0.6 %. Prior reading (May 2026): 1.1 %. 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 bullish 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.
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EXPECTED ZONE
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Economic Calendar - EE Events
| Monday, July 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | EE | Producer Price Index YoY | 3.8 | 2.7 | 3.5 | 3.65 | Low |
| 05:00 | EE | Producer Price Index MoM | -0.3 | 1.1 | -0.6 | -0.45 | Low |