Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
RussiaRussia M2 Money Supply YoY climbed to 12.3% in April 2026
FMPMonthlyReleased May 2026
Russia M2 Money Supply YoY climbed to 12.3% in April 2026, released May 2026, up 0.5% from March's 11.8% reading. The reading matched the 12.0% consensus. M2 Money Supply YoY has now risen for 4 consecutive months. Over the past 3 months, M2 Money Supply YoY averaged 11.6%, vs 11.58% in the prior 3-month window. The reading is in the 17th percentile of the trailing 24-month range.
Latest Release
12.3
Actual
12
Consensus
11.8
Previous
Median Absolute Error
±0.96 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 13.15
Actual: 12.3
Error: +0.85
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 | +0.59 | INDEX | Bullish S&P 500 | → View |
| EUR/USD | ▲ Direct | +0.49 | FOREX | Bullish EUR | → View |
| BTC/USD | ▲ Direct | +0.38 | CRYPTO | Bullish BTC | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
M2 Money Supply YoY (Russia) was reported at 12.3% in May 2026. This beat the market consensus of 12% by 0.3%. The reading rose from the previous value of 11.8%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 12.95%, ranging from 9.7% to 15.3% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 11.13%, down from the prior three at 12.2%. Volatility over the past year (σ 1.78%) is higher than the prior year (σ 1.49%). In May readings over the past 3 years, M2 Money Supply YoY has averaged 16.03%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.96%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Gross Domestic Product YoY (Jun 17) and Interest Rate Decision (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
SHARE
M2 Money Supply YoY - RU
Loading chart data...
About M2 Money Supply YoY — Russia
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 (Apr 2026): actual 12.3 %, consensus 12 %. Prior reading (Mar 2026): 11.8 %. Before that (Feb 2026): 11.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend 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=0.59) — a useful reference for index-focused traders.