# Switzerland M2 Money Stock

Switzerland M2 Money Stock was up 4.0% year on year in September 2026, compared with 4.1% in August 2026.
The level stood at 1,125,328 CHF mn.
That is the lowest reading since November 2024.
Among the 13 economies Makrognosis covers on this measure, it is the 3rd lowest.
Over the past ten years it has ranged from −13.4% (Nov 2023) to 16.6% (Aug 2025), averaging 2.1%.

- Source agency: Swiss National Bank
- Makrognosis code: `CH.M2.M.NSA`
- Frequency: monthly
- Units: CHF mn
- Coverage: 1996-01-01 to 2026-09-01 (369 observations)
- Page: https://makrognosis.robomacro.com/data/switzerland/m2-money-stock

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| September 2026 | 1,125,328 CHF mn | 4.0 |
| August 2026 | 1,124,963 CHF mn | 4.1 |
| July 2026 | 1,117,959 CHF mn | 4.3 |
| June 2026 | 1,116,864 CHF mn | 5.7 |
| May 2026 | 1,118,693 CHF mn | 9.6 |
| April 2026 | 1,117,008 CHF mn | 10.1 |
| March 2026 | 1,114,135 CHF mn | 11.8 |
| February 2026 | 1,106,700 CHF mn | 13.5 |
| January 2026 | 1,104,303 CHF mn | 13.8 |
| December 2025 | 1,101,477 CHF mn | 13.4 |
| November 2025 | 1,101,579 CHF mn | 15.8 |
| October 2025 | 1,090,721 CHF mn | 16.2 |
| September 2025 | 1,082,514 CHF mn | 15.7 |
| August 2025 | 1,080,776 CHF mn | 16.6 |
| July 2025 | 1,072,319 CHF mn | 16.4 |
| June 2025 | 1,056,844 CHF mn | 14.8 |
| May 2025 | 1,020,278 CHF mn | 11.8 |
| April 2025 | 1,014,956 CHF mn | 10.9 |
| March 2025 | 996,307 CHF mn | 9.1 |
| February 2025 | 974,914 CHF mn | 7.2 |
| January 2025 | 970,040 CHF mn | 5.9 |
| December 2024 | 971,323 CHF mn | 4.7 |
| November 2024 | 951,672 CHF mn | 1.8 |
| October 2024 | 938,918 CHF mn | 0.3 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/CH.M2.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/CH.M2.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```