Europe Data Response Euro-zone Flash PMIs (Jan.) January’s jump in the euro-zone Composite PMI marked an exceptionally strong start to 2018. But while the data appear to strengthen the case for the ECB to “revisit” its forward guidance early this... 24th January 2018 · 1 min read
Europe Data Response German ZEW Survey (Jan.) January’s increase in the ZEW measure of investor sentiment confirms that investors are upbeat about Germany’s economic prospects despite the recent rise in the euro. 23rd January 2018 · 1 min read
Europe Data Response Euro-zone Trade (Nov.) The widening of the euro-zone’s goods trade surplus in November suggests that the euro’s strength is doing little to hurt the region’s exports. With the global economy in good health and world trade... 15th January 2018 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Dec.) Swedish policymakers will be discouraged by the fact that the decline in inflation in December was due to slower inflation for domestic goods and services. But with resource utilisation strong... 12th January 2018 · 1 min read
Europe Data Response Euro-zone Industrial Production (Nov.) November’s jump in euro-zone industrial production suggests that the sector finished last year on a strong footing, adding to the evidence that overall GDP growth picked up in Q4. And the... 11th January 2018 · 1 min read
Nordic & Swiss Data Response Norwegian and Danish Consumer Prices (Dec.) Despite December’s jump in inflation in Norway, underlying price pressures remain subdued. With house price inflation falling further into negative territory, we suspect that it will be a long time... 10th January 2018 · 1 min read
Europe Data Response Euro-zone Unemployment (Nov.) The euro-zone unemployment rate fell for the fourth consecutive month in November, highlighting the continued recovery in the labour market. But this will prompt only a modest pick-up in wage growth. 9th January 2018 · 1 min read
Europe Data Response German Industrial Production & Trade (Nov.) November’s surge in German industrial production and the widening of the trade surplus brought welcome reassurance that the economy approached the end of 2017 in very good health. What’s more, the... 9th January 2018 · 1 min read
Europe Data Response EC Business & Consumer Survey (Dec.) December’s EC Business and Consumer Survey suggests that the euro-zone economy gained yet more momentum at the end of 2017, but inflation expectations remain low. This supports the ECB’s gradual... 8th January 2018 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Dec.) While Swiss headline inflation was unchanged in December, there was a welcome rise in the core rate. But the big picture is that inflationary pressures remain subdued, so the Swiss National Bank will... 8th January 2018 · 1 min read
Europe Data Response Euro-zone Flash CPI (Dec.) With euro-zone headline inflation falling in December and core inflation still subdued, the ECB will continue to emphasise that interest rate hikes remain a long way off. 5th January 2018 · 1 min read
Europe Data Response Euro-zone Final PMIs (Dec.) The final estimate of December’s euro-zone Composite PMI confirmed that the economy finished the year on a high note, but inflationary pressures are building only slowly. 4th January 2018 · 1 min read
Europe Data Response German & Spanish Unemployment (Nov. & Dec.) The German unemployment rate held at a record low in December, suggesting that wage growth should pick up at least a little in the year ahead. So while the recent pace of employment growth seems... 3rd January 2018 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Dec.) December’s Swedish and Norwegian manufacturing PMIs suggest that industry in both countries ended 2017 on a strong note. But only in Sweden do we expect healthy economic growth to put sustained upward... 2nd January 2018 · 1 min read
Europe Data Response German Ifo (Dec.) & Euro-zone Labour Costs (Q3) December’s small decline in German Ifo business sentiment from a record high suggests that the outlook for next year is bright despite the uncertain political backdrop and the prospect of ECB QE... 19th December 2017 · 1 min read
Europe Data Response Euro-zone Trade (Oct.) & Irish GDP (Q3) The narrowing of the euro-zone’s goods trade surplus in October revealed that the external sector had a poor start to Q4. But with the global economy in good health and world trade growing at a decent... 15th December 2017 · 1 min read
