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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
MacedoniaMacedonia Producer Price Index YoY climbed to 5.1% in April 2026
FMPMonthlyReleased May 2026
Macedonia Producer Price Index YoY climbed to 5.1% in April 2026, released May 2026, up 0.7% from March's 4.4% reading. The reading missed the 5.8% consensus by 0.7%. Producer Price Index YoY has now risen for 4 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 4.13%, vs 4.03% in the prior 3-month window. Producer Price Index YoY is now the highest in 8 months.
Latest Release
5.1
Actual
5.8
Consensus
4.4
Previous
Median Absolute Error
±0.3 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 6.13
Actual: 5.1
Error: +1.03
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 |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.71 | INDEX | Bullish S&P 500 | → View |
| XAU/USD | ▲ Direct | +0.65 | COMMODITIES | Bullish XAU | → View |
| EUR/USD | ▲ Direct | +0.48 | FOREX | Bullish EUR | → View |
| GBP/USD | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| USD/JPY | ▼ Inverse | −0.37 | FOREX | Bearish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index YoY (Macedonia) was reported at 5.1% in May 2026. This missed the market consensus of 5.8% by 0.7%. The reading rose from the previous value of 4.4%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 4.54%, ranging from 3.8% to 5.8% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 4.37%, up from the prior three at 4.03%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.3%.
WHAT TO WATCH NEXT
The next release is scheduled for June 29, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Producer Price Index YoY - MK
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About Producer Price Index YoY — Macedonia
DEFINITION
Macedonia's Producer Price Index YoY rose to 5.100% in May, beating the 5.800% estimate. This marks an increase from April's 4.400%, indicating accelerating producer price inflation. Market focus will remain on upcoming inflation data and central bank policy adjustments. Updated 5/28/26
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 (Apr 2026): actual 5.1 %, consensus 5.8 %. Prior reading (Mar 2026): 4.4 %. Before that (Feb 2026): 4.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher 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. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.71) — a useful reference for index-focused traders.