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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Saudi ArabiaSaudi Arabia M3 Money Supply YoY fell to 8.2% in July 2026
FMPMonthlyReleased August 2026
Saudi Arabia M3 Money Supply YoY fell to 8.2% in July 2026, released August 2026, down 0.2% from June's 8.4% reading. The print exceeded the 7.8% consensus by 0.4%. The print is running well below the 12-month average of 8.67%. Over the past 3 months, M3 Money Supply YoY averaged 8.42%, vs 9.15% in the prior 3-month window. M3 Money Supply YoY is now the lowest in 7 months.
Latest Release
8.2
Actual
7.8
Consensus
8.4
Previous
Median Absolute Error
±1.24 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 8
Actual: 8.2
Error: -0.2
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 |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.65 | COMMODITIES | 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
M3 Money Supply YoY (Saudi Arabia) was reported at 8.2% in August 2026. This beat the market consensus of 7.8% by 0.4%. The reading fell from the previous value of 8.4%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 8.24%, ranging from 6.6% to 10% across 13 releases.
WHY IT MATTERS
The trailing three releases averaged 8.27%, down from the prior three at 9.1%. Volatility over the past year (σ 0.8%) is higher than the prior year (σ 0.73%). In August readings over the past 3 years, M3 Money Supply YoY has averaged 8.18%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 1.24%.
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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M3 Money Supply YoY - SA
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About M3 Money Supply YoY — Saudi Arabia
DEFINITION
M3 Money Supply YoY is a financial indicator that measures the annual change in the total amount of money in circulation within an economy. It includes all forms of money, such as cash, deposits, and other liquid assets. This indicator is used by economists and policymakers to assess the overall health and stability of a country's monetary system and to make informed decisions regarding monetary policy. A positive YoY change in M3 Money Supply indicates an increase in liquidity and potential for economic growth, while a negative change may signal potential inflationary pressures.
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 8.2 %, consensus 7.8 %. Prior reading (Jul 2026): 8.2 %. Before that (Jun 2026): 8.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.65) — a useful reference for commodities-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 |