Europe Data Response German Industrial Production & French Trade (Jul.) July’s weak German industrial production and French trade data add to signs that euro-zone GDP growth will slow in Q3. But we expect the slowdown to be modest, so while the ECB is unlikely to announce... 7th September 2017 · 1 min read
Nordic & Swiss Data Response Swedish Industrial & Services Production (Jul.) A large gain in services output offset a fall in industrial production in July and suggests that overall the Swedish economy started Q3 on a fairly strong note. While the PMI surveys point to slower... 6th September 2017 · 1 min read
Europe Data Response Euro-zone Retail Sales (Jul.) & Final PMIs (Aug.) July’s fall in retail sales and the downward revision to August’s Composite PMI suggest that euro-zone GDP growth softened in Q3. But with consumer and business confidence still at very high levels... 5th September 2017 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q2) & Consumer Prices (Aug.) Switzerland’s Q2 GDP release confirmed that the economy expanded only very slowly in the first half of the year. While survey indicators suggest that growth will pick up, subdued inflation will keep... 5th September 2017 · 1 min read
Europe Data Response Italian GDP Breakdown (Q2) & Greek GDP (Q2) Italy’s economy is improving steadily, but is likely to continue growing more slowly than the euro-zone as a whole. This leaves it vulnerable to losses of confidence, perhaps sparked by concerns about... 1st September 2017 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Aug.) & Finnish GDP (Q2) August’s manufacturing PMIs pointed to continued recoveries in Switzerland and Norway, but the Swedish index weakened significantly. That said, with other indicators suggesting that the Swedish... 1st September 2017 · 1 min read
Europe Data Response Euro-zone Flash CPI (Aug.) & Unemployment (Jul.) The latest euro-zone inflation and unemployment data broadly support the case for the ECB to taper its asset purchases next year, but the Bank seems unlikely to announce its plan until its October... 31st August 2017 · 1 min read
Nordic & Swiss Data Response Danish GDP (Q2) The Danish economy notched up yet another decent quarter in Q2, with growth driven by domestic demand. We expect the economy to continue to perform well and have raised our 2017 GDP forecast to 2.5%. 31st August 2017 · 1 min read
Europe Data Response German & Spanish Flash CPI (Aug.) August’s increases in German and Spanish HICP inflation point to an increase in eurozone inflation to about 1.5%. But the relatively subdued rates of core inflation in both economies support the ECB’s... 30th August 2017 · 1 min read
Europe Data Response EC Business & Consumer Survey (Aug.) The rise in the EC’s measure of euro-zone economic sentiment in August left the index pointing to stronger GDP growth ahead and will do little to take the pressure off the euro exchange rate. But with... 30th August 2017 · 1 min read
Nordic & Swiss Data Response Swiss KOF & Swedish Economic Tendency Indicators (Aug.) Falls Although surveys of overall economic sentiment in both Switzerland and Sweden fell in August, they still point to a healthy pace of GDP growth in both countries. But with inflation much stronger in... 30th August 2017 · 1 min read
Europe Data Response German Ifo (Aug.) & GDP Breakdown (Q2) Despite August’s small fall, German Ifo business sentiment remains buoyant and points to strong growth ahead. 25th August 2017 · 1 min read
Nordic & Swiss Data Response Norway GDP & Swiss Ind. Prod. (Q2) & Sweden Unemploy’t (Jul.) Norway’s mainland economy recorded another strong expansion in Q2 and forward-looking indicators suggest that the recovery will continue to gain pace. But with inflation set to fall further, we doubt... 24th August 2017 · 1 min read
Europe Data Response Spanish GDP Breakdown (Q2) The second release of Spanish GDP confirmed that quarterly growth edged up in Q2 due to stronger net trade. While we expect growth to slow in the coming quarters, Spain is still set to be one of the... 24th August 2017 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Aug.) August’s small rise in the euro-zone Composite PMI suggests that economic growth maintained its pace in Q3. With the recovery healthy, we think that the ECB will proceed with tapering its asset... 23rd August 2017 · 1 min read
Europe Data Response German ZEW Survey (Aug.) August’s fall in German investor sentiment probably reflects the euro’s continued rise and recent falls in equity prices. But we do not think that it is a sign of an economic slowdown to come. 22nd August 2017 · 1 min read