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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JordanJordan PPI YoY climbed to -1.12% in November 2024
FMPMonthlyReleased January 2025
Jordan PPI YoY climbed to -1.12% in November 2024, released January 2025, up 0.99% from October's -2.11% reading. The print came in hotter than the -1.8% consensus, a hotter print than forecasters anticipated. The print is running well below the 12-month average of -0.9%. Over the past 3 months, PPI YoY averaged -1.27%, vs 1.0% in the prior 3-month window. The reading is in the 59th percentile of the trailing 24-month range.
Latest Release
-1.12
Actual
-1.8
Consensus
-2.11
Previous
Median Absolute Error
±1.31 percentage points
across last 12 releases
Last Call
Jan 2025
Predicted: -2.76
Actual: -1.12
Error: -1.64
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI YoY (Jordan) was reported at -1.12% in January 2025. This beat the market consensus of -1.8% by 0.68%. The reading rose from the previous value of -2.11%.
WHY IT MATTERS
The trailing three releases averaged -1.22%, down from the prior three at 1%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 1.31%.
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
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PPI YoY - JO
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About PPI YoY — Jordan
DEFINITION
PPI YoY stands for Producer Price Index Year-over-Year and is a key economic indicator used to measure the average change in prices received by domestic producers for their goods and services over a 12-month period. It is often used as a gauge of inflationary pressures in the economy and can provide valuable insights into the overall health of the manufacturing sector. PPI YoY is closely monitored by investors, policymakers, and businesses to make informed decisions about pricing strategies, production levels, and monetary policy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. 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 (Nov 2024): actual -1.12 %, consensus -1.8 %. Prior reading (Oct 2024): -2.11 %. Before that (Sep 2024): -0.43 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower 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 headwind in the current projection.