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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa M3 Money Supply YoY climbed to 8.26% in November 2025
FMPMonthlyReleased December 2025
South Africa M3 Money Supply YoY climbed to 8.26% in November 2025, released December 2025, up 0.74% from October's 7.52% reading. The print exceeded the 7.5% consensus by 0.76%. M3 Money Supply YoY has now risen for 3 consecutive months. Over the past 3 months, M3 Money Supply YoY averaged 6.8%, vs 6.73% in the prior 3-month window. M3 Money Supply YoY is now the highest in 26 months.
Latest Release
8.26
Actual
7.5
Consensus
7.52
Previous
Median Absolute Error
±0.82 percentage points
across last 12 releases
Last Call
Dec 2025
Predicted: 7.66
Actual: 8.26
Error: -0.6
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 | +0.75 | INDEX | Bullish S&P 500 | → View |
| BTC/USD | ▲ Direct | +0.57 | CRYPTO | Bullish BTC | → View |
| USD/ZAR | ▼ Inverse | −0.26 | FOREX | Bearish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
M3 Money Supply YoY (South Africa) was reported at 9.82% in May 2026. The reading rose from the previous value of 8.96%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 7.52%, ranging from 6.07% to 9.82% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 8.55%, up from the prior three at 7.98%. Volatility over the past year (σ 1.04%) is comparable than the prior year (σ 1.07%). In May readings over the past 3 years, M3 Money Supply YoY has averaged 7.23%.
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, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.82%.
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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M3 Money Supply YoY - ZA
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About M3 Money Supply YoY — South Africa
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 (Apr 2026): actual 9.82 %. Prior reading (Apr 2026): 9.82 %. Before that (Mar 2026): 8.96 %.
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=0.75) — a useful reference for index-focused traders.