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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain Producer Price Index YoY climbed to 18.3% in September 2026
FMPMonthlyReleased October 2026
Spain Producer Price Index YoY climbed to 18.3% in September 2026, released October 2026, up 5.1% from August's 13.2% reading. The print exceeded the 15.3% consensus by 3.0%. Producer Price Index YoY has now risen for 4 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 11.2%, vs 8.6% in the prior 3-month window. Producer Price Index YoY is now the highest in 20 months.
Latest Release
18.3
Actual
15.3
Consensus
13.2
Previous
Median Absolute Error
±2.54 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 17.05
Actual: 18.3
Error: -1.25
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 |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.76 | FOREX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.71 | COMMODITIES | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.69 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.55 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index YoY (Spain) was reported at 18.3% in October 2026. This beat the market consensus of 15.3% by 3%. The reading rose from the previous value of 13.2%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 5.48%, ranging from -7% to 18.3% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 13.57%, up from the prior three at 8.6%. Volatility over the past year (σ 7.65%) is higher than the prior year (σ 1.85%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 2.54%.
WHAT TO WATCH NEXT
The next release is scheduled for November 24, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Nov 2) and Consumer Confidence (Nov 3).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Producer Price Index YoY - ES
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About Producer Price Index YoY — Spain
DEFINITION
Spain's Producer Price Index YoY surged to 18.300% in October, surpassing the 15.300% estimate and rising sharply from September's 13.200%. This marks a significant acceleration in producer inflation, indicating mounting cost pressures in the economy. Market focus will remain on how this inflation trend influences the European Central Bank's policy stance. Updated 10/26/26
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 (Sep 2026): actual 18.3 %, consensus 15.3 %. Prior reading (Aug 2026): 13.2 %. Before that (Jul 2026): 9.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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 EUR/USD (Bearish EUR, r=-0.76) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - ES Events
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:15 | ES | S&P Global Manufacturing PMI | 51 | 50.8 | 50.90 | Medium | |
| 11:00 | ES | New Car Sales YoY | 10.2 | 13.5 | 16.20 | Low | |
| 12:00 | ES | New Car Sales YoY | 10.2 | 13.5 | 16.20 | Low | |
| Tuesday, November 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | ES | Consumer Confidence | 84.1 | 83.4 | 83.40 | Medium | |
| Wednesday, November 4, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | ES | Employment Change | 23.587 | 25.3 | 45.20 | High | |
| 08:00 | ES | Tourist Arrivals YoY | 9.2 | 1.2 | -2.25 | Low | |
| 08:15 | ES | S&P Global Services PMI | 58.3 | 57.2 | 58.90 | Medium | |
| 08:15 | ES | S&P Global Composite PMI | 56.8 | 56 | 57.40 | Low | |