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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
MAMA M2 Money Supply YoY fell to 11.8% in August 2026
FMPMonthlyReleased September 2026
MA M2 Money Supply YoY fell to 11.8% in August 2026, released September 2026, down 0.4% from July's 12.2% reading.
Latest Release
11.800000
Actual
—
Consensus
12.200000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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 |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.37 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.34 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
M2 Money Supply YoY (Morocco) was reported at 11.8% in September 2026. The reading fell from the previous value of 12.2%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 10.66%, ranging from 8.5% to 12.3% across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 12.1%, up from the prior three at 11.33%. Volatility over the past year (σ 1.39%) is higher than the prior year (σ 0.51%). In September readings over the past 3 years, M2 Money Supply YoY has averaged 9.43%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU).
WHAT TO WATCH NEXT
The next release is scheduled for October 1, 2026.
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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M2 Money Supply YoY - MA
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About M2 Money Supply YoY — MA
DEFINITION
M2 Money Supply YoY is a financial indicator that measures the annual change in the amount of money in circulation in an economy. It includes all physical currency, checking and savings deposits, and other liquid assets. This indicator is closely monitored by economists and investors as it provides insight into the overall health and growth of an economy. A higher M2 Money Supply YoY can indicate increased economic activity and potential inflation, while a lower reading may suggest a slowing 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 (Jul 2026): actual 11.8 %. Prior reading (Jun 2026): 12.2 %. Before that (Apr 2026): 12.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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.
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EXPECTED ZONE
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Economic Calendar - MA Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:30 | MA | Manufacturing Production YoY | -4.5 | -1.4 | -3 | -3.75 | Low |
| 09:00 | MA | Manufacturing Production YoY | -4.5 | -1.4 | -3 | -3.75 | Low |