Makrognosis

Switzerland Narrow Money (M1)

MonthlyNot seasonally adjustedCode CH.M1.M.NSA

Latest (y/y)6.3%September 2026
Previous (y/y)6.4%August 2026
Level780,413 CHF mnSeptember 2026
Next release23 Nov 2026expected

Switzerland Narrow Money (M1) was up 6.3% year on year in September 2026, compared with 6.4% in August 2026.

The level stood at 780,413 CHF mn.

That is the lowest reading since February 2025.

Among the 9 economies Makrognosis covers on this measure, it is the 5th highest.

Over the past ten years it has ranged from −18.5% (Nov 2023) to 21.7% (Aug 2025), averaging 3.3%.

The next update is expected on 23 November 2026.

Switzerland Narrow Money (M1), annual % change, Jan 1997 – Sep 2026−20%0%20%40%200020052010201520202025Robomacro
Switzerland Narrow Money (M1), annual % change, Jan 1997 – Sep 2026. Source: Swiss National Bank.
Switzerland Narrow Money (M1), level (CHF mn)0k200k400k600k800k200020052010201520202025Robomacro
Switzerland Narrow Money (M1), level (CHF mn).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
September 2026780,413 CHF mn6.3
August 2026778,202 CHF mn6.4
July 2026770,236 CHF mn6.5
June 2026768,608 CHF mn8.3
May 2026769,232 CHF mn14.1
April 2026767,159 CHF mn14.4
March 2026764,598 CHF mn16.9
February 2026756,354 CHF mn19.2
January 2026753,181 CHF mn19.1
December 2025750,286 CHF mn18.0
November 2025751,863 CHF mn21.1
October 2025741,713 CHF mn21.4
September 2025733,855 CHF mn20.5
August 2025731,330 CHF mn21.7
July 2025723,526 CHF mn21.1
June 2025709,414 CHF mn17.7
May 2025674,118 CHF mn13.0
April 2025670,321 CHF mn11.4
March 2025653,881 CHF mn8.5
February 2025634,649 CHF mn5.8
January 2025632,465 CHF mn4.1
December 2024635,568 CHF mn2.3
November 2024620,897 CHF mn−1.2
October 2024611,103 CHF mn−3.0

Last 24 observations. The full history (369 observations) is available through the API.

Get Switzerland Narrow Money (M1) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/CH.M1.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/CH.M1.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationSeptember 2026
First observationJanuary 1996
Observations369
FrequencyMonthly
UnitsCHF mn
AdjustmentNot seasonally adjusted
10-year high21.7% (Aug 2025)
10-year low−18.5% (Nov 2023)
10-year average3.3%
Source agencySwiss National Bank
Makrognosis codeCH.M1.M.NSA

Narrow Money (M1): how Switzerland compares

#EconomyPeriodLatest
1MexicoSep 20267.9%
2South AfricaSep 20267.2%
3CanadaAug 20267.0%
4AustraliaSep 20266.4%
5SwitzerlandSep 20266.3%
6United StatesSep 20266.2%
7South KoreaAug 20264.2%
8BrazilSep 20263.2%
9JapanOct 2026−0.4%

Narrow Money (M1) by country: all 9 economies ranked →

Other Switzerland indicators

Switzerland GDP (Gross Domestic Product)Switzerland GDP Growth Rate (quarter on quarter)Switzerland Inflation Rate (CPI)Switzerland Core Inflation RateSwitzerland Unemployment RateSwitzerland Unemployment rate, ILO definition, total, not seasonally adjusted (FSO/BFS)Switzerland 10-Year Government Bond YieldSwitzerland Credit Rating & Sovereign Risk ScoreSwitzerland Industrial ProductionSwitzerland Manufacturing new orders, total indexSwitzerland Retail SalesSwitzerland Producer Price Inflation (PPI)Switzerland Current account balance, net (CHF mn)Switzerland Trade Balance: Goods & ServicesSwitzerland Merchandise exports, total, working-day & seasonally adjusted (CHF mn)Switzerland Merchandise imports, total, working-day & seasonally adjusted (CHF mn)

FAQ

What is the current narrow Money (M1) in Switzerland?
The latest reading is 6.3% year on year for September 2026, published by Swiss National Bank.
When is the next Switzerland narrow Money (M1) release?
The next update is expected on 23 November 2026.
Where does this data come from?
It is collected directly from Swiss National Bank and is available through the Makrognosis API under the code CH.M1.M.NSA.

Last updated 2026-10-23. Source: Swiss National Bank. Original title: “Switzerland monetary aggregate M1, level, CHF million (SNB)”.