# Switzerland Narrow Money (M1)

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.

- Source agency: Swiss National Bank
- Makrognosis code: `CH.M1.M.NSA`
- Frequency: monthly
- Units: CHF mn
- Coverage: 1996-01-01 to 2026-09-01 (369 observations)
- Page: https://makrognosis.robomacro.com/data/switzerland/narrow-money-m1

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| September 2026 | 780,413 CHF mn | 6.3 |
| August 2026 | 778,202 CHF mn | 6.4 |
| July 2026 | 770,236 CHF mn | 6.5 |
| June 2026 | 768,608 CHF mn | 8.3 |
| May 2026 | 769,232 CHF mn | 14.1 |
| April 2026 | 767,159 CHF mn | 14.4 |
| March 2026 | 764,598 CHF mn | 16.9 |
| February 2026 | 756,354 CHF mn | 19.2 |
| January 2026 | 753,181 CHF mn | 19.1 |
| December 2025 | 750,286 CHF mn | 18.0 |
| November 2025 | 751,863 CHF mn | 21.1 |
| October 2025 | 741,713 CHF mn | 21.4 |
| September 2025 | 733,855 CHF mn | 20.5 |
| August 2025 | 731,330 CHF mn | 21.7 |
| July 2025 | 723,526 CHF mn | 21.1 |
| June 2025 | 709,414 CHF mn | 17.7 |
| May 2025 | 674,118 CHF mn | 13.0 |
| April 2025 | 670,321 CHF mn | 11.4 |
| March 2025 | 653,881 CHF mn | 8.5 |
| February 2025 | 634,649 CHF mn | 5.8 |
| January 2025 | 632,465 CHF mn | 4.1 |
| December 2024 | 635,568 CHF mn | 2.3 |
| November 2024 | 620,897 CHF mn | −1.2 |
| October 2024 | 611,103 CHF mn | −3.0 |

## API

```
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"]
```