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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael M1 Money Supply YoY climbed to -1.5% in July 2024
FMPMonthlyReleased August 2024
Israel M1 Money Supply YoY climbed to -1.5% in July 2024, released August 2024, up 0.3% from June's -1.8% reading. The reading missed the -1.0% consensus by 0.5%. The print is running well above the 12-month average of -16.81%. Over the past 3 months, M1 Money Supply YoY averaged -3.45%, vs -11.03% in the prior 3-month window. M1 Money Supply YoY is now the highest in 21 months.
Latest Release
-1.5
Actual
-1
Consensus
-1.8
Previous
Median Absolute Error
±3.16 percentage points
across last 4 releases
Last Call
Aug 2024
Predicted: 1.53
Actual: -1.5
Error: +3.02
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 |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.42 | CRYPTO | Bearish BTC | → View |
| XAU/USD | ▲ Direct | +0.42 | COMMODITIES | Bullish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
M1 Money Supply YoY (Israel) was reported at 2.6% in May 2026. The reading fell from the previous value of 6.1%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -1.9%, ranging from -4.9% to 2.6% across 14 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.33%, up from the prior three at -2.1%. Volatility over the past year (σ 2.6%) is higher than the prior year (σ 1.98%). In May readings over the past 3 years, M1 Money Supply YoY has averaged -2.9%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU).
WHAT TO WATCH NEXT
The next release is scheduled for June 15, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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M1 Money Supply YoY - IL
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About M1 Money Supply YoY — Israel
DEFINITION
M1 Money Supply YoY is a financial indicator that measures the annual percentage change in the total amount of currency in circulation, demand deposits, and other highly liquid assets in a country's economy. It provides insight into the growth or contraction of the money supply, which can impact inflation, interest rates, and overall economic activity. This indicator is closely monitored by economists, policymakers, and investors as it reflects the current state of a country's monetary policy and can signal potential changes in the economy.
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 2.6 %. Prior reading (Mar 2026): 2.7 %. Before that (Jan 2026): 2.5 %.
WHAT'S NEXT
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 BTC/USD (Bearish BTC, r=-0.42) — a useful reference for crypto-focused traders.