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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Saudi ArabiaSaudi Arabia Bank Lending YoY fell to 5.6% in July 2026
FMPMonthlyReleased August 2026
Saudi Arabia Bank Lending YoY fell to 5.6% in July 2026, released August 2026, down 1.2% from June's 6.8% reading. The reading missed the 6.6% consensus by 1.0%. The print is running well below the 12-month average of 9.88%. Over the past 3 months, Bank Lending YoY averaged 6.7%, vs 7.8% in the prior 3-month window. Bank Lending YoY is now the lowest in 18 months.
Latest Release
5.6
Actual
6.6
Consensus
6.8
Previous
Median Absolute Error
±0.87 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 6.43
Actual: 5.6
Error: +0.83
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 | ▲ Direct | +0.53 | INDEX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.43 | CRYPTO | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.37 | FOREX | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.31 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.31 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Bank Lending YoY (Saudi Arabia) was reported at 5.6% in August 2026. This missed the market consensus of 6.6% by 1%. The reading fell from the previous value of 6.8%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 9.42%, ranging from 5.6% to 13.2% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 6.33%, down from the prior three at 8.53%. Volatility over the past year (σ 2.53%) is higher than the prior year (σ 1.33%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.87%.
WHAT TO WATCH NEXT
The next release is scheduled for September 30, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Bank Lending YoY - SA
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About Bank Lending YoY — Saudi Arabia
DEFINITION
Bank lending YoY (Year-over-Year) is a financial indicator that measures the annual change in the amount of loans and credit extended by banks. It is a key metric used to assess the overall health of the banking sector and the availability of credit in the economy. A positive YoY growth in bank lending indicates a growing economy, while a negative growth may signal a slowdown. This indicator is closely monitored by investors, policymakers, and analysts to gauge the strength of the financial system and its impact on economic growth.
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 5.6 %, consensus 6.6 %. Prior reading (Jun 2026): 6.8 %. Before that (May 2026): 6.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.53) — a useful reference for index-focused traders.
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Economic Calendar - SA Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | SA | Wholesale Prices YoY | 4.6 | 5 | 5.1 | 4.85 | Low |
| 06:00 | SA | Inflation Rate MoM | 0.1 | 0.2 | 0.1 | 0.10 | Low |
| 06:00 | SA | Inflation Rate YoY | 1.8 | 1.8 | 1.8 | 1.80 | Low |