Europe Data Response

French & Italian Ind. Production (Apr.)/ Italian GDP (Q1)

Italian GDP figures for Q1 confirmed that the economy remained in a broad-based recession and April’s fall in industrial production pointed to another contraction in Q2. Thankfully, French industrial...

10th June 2013 · 1 min read

Europe Data Response

German Industrial Production & Trade (Apr.)

Increases in German industrial production and exports in April have boosted the chances that the very modest recovery seen in Q1 might gain pace in Q2.

7th June 2013 · 1 min read

Europe Data Response

Euro-zone GDP (Q1), Final PMI & Retail Sales

The breakdown of Q1 GDP and more timely news on retail sales and the PMI provided little obvious support for the ECB’s view that the euro-zone economy is set to embark on a decent recovery later in...

5th June 2013 · 1 min read

Europe Data Response

Euro-zone Flash CPI (May 13) & Unemployment (Apr. 13)

April’s rise in unemployment and the fact inflation remained well below target in May will add to the pressure on the ECB to provide more policy support.

31st May 2013 · 1 min read

Europe Data Response

Danish GDP (Q1)

The Danish economy rebounded in Q1 after its very weak finish to last year, but we doubt that the recovery will last long.

31st May 2013 · 1 min read

Nordic & Swiss Data Response

Danish GDP (Q1 13)

The Danish economy rebounded in Q1 after its very weak finish to last year, but we doubt that the recovery will last long.

31st May 2013 · 1 min read

Europe Data Response

Euro-zone EC Survey (May 13)

The EC consumer and business survey for May suggests that the euro-zone recession may be easing. But an economic recovery still appears to be some way off.

30th May 2013 · 1 min read

Europe Data Response

Swiss GDP (Q1 13)

Swiss GDP data for Q1 confirmed that the economy continued to perform well. But the still high level of the franc does appear to be damaging exports and we suspect that growth will slow significantly...

30th May 2013 · 1 min read

Nordic & Swiss Data Response

Swiss GDP (Q1 13)

Swiss GDP data for Q1 confirmed that the economy continued to perform well. But the still high level of the franc does appear to be damaging exports and we suspect that growth will slow significantly...

30th May 2013 · 1 min read

Europe Data Response

Swedish GDP (Q1)

We think that Q1’s healthy rise in Swedish GDP is not quite as encouraging as it initially seems. But while we expect GDP growth to slow over the remainder of 2013, Sweden will continue to perform...

29th May 2013 · 1 min read

Nordic & Swiss Data Response

Swedish GDP (Q1 13)

We think that Q1’s healthy rise in Swedish GDP is not quite as encouraging as it initially seems. But while we expect GDP growth to slow over the remainder of 2013, Sweden will continue to perform...

29th May 2013 · 1 min read

Europe Data Response

German Ifo (May), Consumer Conf. (Jun) & Final GDP (Q1)

May’s renewed rise in the German Ifo survey and the increase in the GfK consumer confidence indicator for June added to signs that the economy is recovering. But we expect the recovery to be modest.

24th May 2013 · 1 min read

Europe Data Response

Euro-zone Flash PMIs (May)

May’s euro-zone PMI survey adds to the recent run of slightly more encouraging news from the region, but there is little sign that the region is about to emerge from recession.

23rd May 2013 · 1 min read

Europe Data Response

Euro-zone Trade (Mar.) & Final CPI (Apr.)

While March’s euro-zone trade data are certainly encouraging, we remain sceptical that the sector can single-handedly drag the euro-zone and, in particular, the peripheral economies out of recession.

16th May 2013 · 1 min read

Europe Data Response

Norwegian GDP (Q1)

The mainland Norwegian economy picked-up strongly in Q1, suggesting that Q4’s slowdown was an outlier. But we still expect the economy to slow later in the year as the euro-zone crisis intensifies and...

16th May 2013 · 1 min read