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M3 Money Supply YoY fell to 3.9 in November 2025, down 0.6 from October's 4.5 reading. The reading missed the 4.5 consensus by 0.6. The print is running well above the 12-month average of 3.47. Over the past 3 months, M3 Money Supply YoY averaged 4.45, vs 3.7 in the prior 3-month window. The reading is in the 37th percentile of the trailing 24-month range.
The December 2025 reading fell from the previous value of 4.5. Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500) and positively correlated with Nikkei 225 (Bullish Nikkei 225).
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| Monday, May 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 04:00 | Retail Sales YoY | 7.5 | 7.7 | 5 | 5.85 | Low | |
| Wednesday, May 13, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 04:00 | Construction Output YoY | 10.3 | 7.6 | 7.30 | Low | ||