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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
MacedoniaMacedonia Producer Price Index YoY fell to 6.9% in September 2026
FMPMonthlyReleased October 2026
Macedonia Producer Price Index YoY fell to 6.9% in September 2026, released October 2026, down 0.2% from August's 7.1% reading. The reading missed the 7.4% consensus by 0.5%. The print is running well above the 12-month average of 4.88%. Over the past 3 months, Producer Price Index YoY averaged 6.8%, vs 5.33% in the prior 3-month window. The reading is in the 76th percentile of the trailing 24-month range.
Latest Release
6.9
Actual
7.4
Consensus
7.1
Previous
Median Absolute Error
±0.32 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 7.53
Actual: 6.9
Error: +0.63
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 |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.33 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.26 | FOREX | Moves against | → 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 6.9% in October 2026. This missed the market consensus of 7.4% by 0.5%. The reading fell from the previous value of 7.1%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 5.09%, ranging from 3.8% to 7.1% across 12 releases.
WHY IT MATTERS
The trailing three releases averaged 6.83%, up from the prior three at 5.33%. Volatility over the past year (σ 1.19%) is higher than the prior year (σ 1.03%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.32%.
WHAT TO WATCH NEXT
The next release is scheduled for November 30, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Producer Price Index YoY - MK
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About Producer Price Index YoY — Macedonia
DEFINITION
North Macedonia's Producer Price Index YoY came in at 6.900000% for October, missing the 7.400000% estimate. This marks a decline from September's 7.100000%, indicating a slight easing in producer price inflation. The moderation may influence market expectations ahead of upcoming monetary policy decisions. Updated 10/28/26
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 (Sep 2026): actual 6.9 %, consensus 7.4 %. Prior reading (Aug 2026): 7.1 %. Before that (Jul 2026): 6.5 %.
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 - MK Events
| Tuesday, November 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:00 | MK | Interest Rate Decision | 4.25 | 4.5 | 4.50 | Low | |