Europe Data Response Euro-zone Preliminary Flash GDP (Q3) & CPI (Oct.) The euro-zone economy posted a stronger-than-expected 0.6% quarterly expansion in Q3, but October’s CPI data will have reinforced the ECB’s judgement that its inflation goal is not yet in sight. 31st October 2017 · 1 min read
Europe Data Response French GDP (Q3), CPI (Oct.) & Cons. Spending (Sep.) The French economic recovery continued at a healthy pace in Q3, marking a good start to Emmanuel Macron’s presidential term. Although inflation edged up in October, it remains fairly subdued, which... 31st October 2017 · 1 min read
Europe Data Response German & Spanish Flash CPI (Oct.) October’s falls in German and Spanish consumer price inflation support the ECB’s view that its eurozone inflation goal is not yet in sight. While the strength of the economy should boost underlying... 30th October 2017 · 1 min read
Europe Data Response EC Business & Consumer Survey (Oct.) October’s rise in the EC’s measure of euro-zone economic sentiment suggests that political uncertainty has had little effect on the economy. While the available hard data imply that euro-zone GDP... 30th October 2017 · 1 min read
Nordic & Swiss Data Response Sweden Econ. Tend. Survey (Oct.) & Retail Sales (Sep.) While the Swedish Economic Tendency Indicator edged down in October, the sharp rise in the consumer confidence index means that the survey now paints a more balanced picture of the economy. And with... 27th October 2017 · 1 min read
Europe Data Response German Ifo (Oct.) October’s rise in German Ifo business sentiment to a new record high underscores the positive outlook for the euro-zone’s largest economy, supporting our above-consensus view on German GDP growth. 25th October 2017 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Oct.) Despite declining in October, the euro-zone Composite PMI suggests that the economic recovery continued at a healthy pace at the start of Q4. But growth is being driven mainly by the core economies... 24th October 2017 · 1 min read
Europe Data Response German ZEW Survey (Oct.) October’s rise in German ZEW investor sentiment suggests that neither the stronger euro nor ECB QE tapering are expected to have significant adverse implications for the German economy. 17th October 2017 · 1 min read
Europe Data Response Euro-zone Trade (Aug.) The widening of the euro-zone’s trade surplus in August adds to the evidence that the region’s economy performed well in Q3. And the outlook for exports is bright. 16th October 2017 · 1 min read
Europe Data Response Euro-zone Industrial Production (Aug.) August’s sharp rise in euro-zone industrial production suggests that the sector had a strong Q3, contributing to the continued healthy economic recovery. 12th October 2017 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Sep.) Inflation remained above the Riksbank’s target in September and, with the economy performing strongly, domestic price pressures will continue to build. We therefore expect the Riksbank to start... 12th October 2017 · 1 min read
Europe Data Response French & Italian Ind. Prod. & German Trade (Aug.) The unexpected softness of French industrial production in August suggests that industry weighed on France’s GDP growth in the third quarter and contrasted with the robust Italian data. Meanwhile... 10th October 2017 · 1 min read
Nordic & Swiss Data Response Norwegian and Danish Consumer Prices (Sep.) While Norwegian inflation picked up in September, domestic price pressures remain subdued and inflation is unlikely to meet the Norges Bank’s target any time soon. We therefore think that interest... 10th October 2017 · 1 min read
Europe Data Response German Industrial Production August’s surge in German industrial production was in line with the positive message from business surveys and puts the economy on course for a strong Q3. 9th October 2017 · 1 min read
Nordic & Swiss Data Response Swiss CPI (Sep.) & Swedish Industrial Prod. (Aug.) The rise in Swiss headline inflation in September will be welcomed by the Swiss National Bank, but subdued price pressures mean we expect the SNB to keep rates on hold until 2020. Elsewhere, Swedish... 5th October 2017 · 1 min read
Europe Data Response Euro-zone Retail Sales (Aug.) & Final PMIs (Sep.) August’s euro-zone retail sales data suggest that consumer spending growth slowed in Q3. But September’s Composite PMI implies that overall GDP growth remained fairly strong. 4th October 2017 · 1 min read
