Europe Data Response Euro-zone Flash GDP (Q4) & Industrial Prod. (Dec.) An acceleration in industrial production growth was not enough to prevent a slight slowdown in euro-zone GDP growth in Q4. Nevertheless, the economic outlook is bright. 14th February 2018 · 1 min read
Europe Data Response Italian, Dutch & Portuguese GDP (Q4) Q4 GDP data showed that Italy’s economy performed fairly well last year but that it is still lagging behindthe rest of the euro-zone. Despite the recent strength of the surveys, we doubt that this... 14th February 2018 · 1 min read
Europe Data Response German GDP (Q4) & CPI (Jan.) Q4’s 0.6% rise in German GDP marked a decent finish to 2017 and growth looks set to accelerate again this year. But with inflation and wage growth still subdued in the euro-zone’s largest and arguably... 14th February 2018 · 1 min read
Nordic & Swiss Data Response Swiss and Danish Consumer Prices (Jan.) Following January’s decline, there is little chance that Swiss inflation will rise much in the next few months. And later in the year, inflation is likely to drop back as exchange rate effects unwind. 12th February 2018 · 1 min read
Nordic & Swiss Data Response Norway GDP (Q4) & CPI (Jan.) Norway’s mainland GDP recorded another strong expansion in Q4, rounding off a pretty good year for the economy. However, inflation slowed sharply in January, highlighting that price pressures remain... 9th February 2018 · 1 min read
Europe Data Response German Industrial Production (Dec.) December’s fall in German industrial production came as no surprise after a surge in November and it is very unlikely to mark the start of a downward trend. We still see German GDP rising by about 2.7... 7th February 2018 · 1 min read
Nordic & Swiss Data Response Swedish Private Production (Dec.) Despite falling in December, Swedish private production growth accelerated over Q4. With the economy’s strong performance causing inflationary pressures to build, the Riksbank remains on track to... 6th February 2018 · 1 min read
Europe Data Response Euro-zone Retail Sales (Dec.) & Final PMIs (Jan.) December’s fall in euro-zone retail sales followed a sharp rise in November and the high level of consumer confidence suggests that sales growth should soon pick up. Meanwhile, the final PMI for... 5th February 2018 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Jan.) January’s Swiss, Swedish and Norwegian manufacturing PMIs generally point to strong growth. But only in Sweden do we expect this to feed through to significant and sustained inflation pressure. 1st February 2018 · 1 min read
Europe Data Response Euro-zone Flash CPI (Jan.) & Unemployment (Dec.) January’s fall in euro-zone inflation largely reflected energy effects, so won’t be a major concern to the ECB. But December’s labour market data emphasise that there is still slack in the labour... 31st January 2018 · 1 min read
Europe Data Response German Flash CPI (Jan.) January’s fall in German inflation partly reflected energy effects, and the rate is likely to rise again in the months ahead. But with core inflation still subdued in Germany and significantly weaker... 30th January 2018 · 1 min read
Europe Data Response Euro-zone GDP (Q4, prelim. flash) & EC Survey (Jan.) Euro-zone GDP growth continued at a healthy pace in Q4 and, while the EC’s Economic Sentiment Indicator declined in January, it continues to point to a pick-up in growth to come. 30th January 2018 · 1 min read
Nordic & Swiss Data Response Swiss KOF (Jan.) Despite January’s sharp fall in the Swiss KOF Economic Barometer, the indicator is still broadly consistent with annual GDP growth picking up to around 2%. With exporters benefiting from a weaker... 30th January 2018 · 1 min read
Europe Economics French & Spanish GDP (Q4) The French economy’s healthy expansion in Q4 rounded off a strong year, while surveys point to an acceleration in growth ahead. Meanwhile, tensions in Catalonia had little impact on Spanish growth. 30th January 2018 · 1 min read
Europe Data Response German Ifo Survey (Jan.) January’s rise in German Ifo business sentiment is another sign that the economy is going great guns, but with the euro so strong the ECB seems unlikely to give a firm end date for its asset purchases... 25th January 2018 · 1 min read
Nordic & Swiss Data Response Sweden Econ. Tend. Survey (Jan.) & Unemploy. (Dec.) The Economic Tendency Survey suggests that the Swedish economy lost some momentum at the start of 2018. But this is unlikely to prevent the Riksbank from tightening policy later this year. 25th January 2018 · 1 min read
