Europe Data Response German & French Flash CPI (Dec.) While German inflation surged to a three-year high in December, the French rate barely increased. And with underlying price pressures still very subdued throughout the euro-zone, the ECB need not... 3rd January 2017 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Dec.) December’s PMIs suggest that Swiss, Swedish and Danish manufacturers ended 2016 on a strong note, but their Norwegian counterparts are still lagging behind. 3rd January 2017 · 1 min read
Nordic & Swiss Data Response Swedish Economic Tendency Survey (Dec.) A huge rise in manufacturing confidence, to within touching distance of a record high, pushed the Swedish Economic Tendency Indicator higher still in December. This calls into question the Riksbank’s... 20th December 2016 · 1 min read
Europe Data Response German Ifo Survey (Dec.) December’s German Ifo survey suggests that the economy ended the year on a high note despite political upheaval elsewhere. 19th December 2016 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Dec.) December’s unchanged euro-zone Composite PMI implies that GDP growth picked up slightly in the fourth quarter. But the weakness of some of the hard data at the start of Q4 suggests that an... 15th December 2016 · 1 min read
Europe Data Response Euro-zone Industrial Production (Oct.) October’s fall in euro-zone industrial production contrasts with the brighter picture painted by the business surveys. While industrial growth might pick-up slightly in the near term, it is unlikely... 14th December 2016 · 1 min read
Europe Data Response German ZEW Survey (Dec.) December’s ZEW survey suggested that investors were not too concerned about the effects of euro-zone political uncertainty on the German economy, although the index still points to a slowdown in GDP... 13th December 2016 · 1 min read
Europe Data Response French Industrial Production & German Trade (Oct.) October’s French industrial production and German trade data, combined with soft data released earlier in the week, suggest that the euro-zone’s largest economies made a slower start to the fourth... 9th December 2016 · 1 min read
Europe Data Response German Industrial Production & French Trade (Oct.) October’s German industrial production and French trade data suggest that the euro-zone’s largest economies made a slower start to the fourth quarter than the business surveys had implied. 7th December 2016 · 1 min read
Europe Data Response Euro-zone GDP Expenditure Breakdown (Q3) The final estimate of Q3 GDP confirmed that growth was driven mainly by household spending. But with consumers’ real income growth now slowing as energy inflation rises, spending growth, and thus GDP... 6th December 2016 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Nov.) While November’s fall in Swiss inflation was mainly due to energy effects, the weakness of core inflation will do little to ease fears that the economy may be experiencing a sustained bout of damaging... 6th December 2016 · 1 min read
Europe Data Response Euro-zone Retail Sales (Oct.) & Final PMIs (Nov.) October’s rise in retail sales and November’s decent euro-zone PMIs are consistent with an acceleration of GDP growth in Q4. But with Italy’s “No” vote heightening political risks, the prospects for... 5th December 2016 · 1 min read
Nordic & Swiss Data Response Swedish Industrial & Services Production (Oct.) Swedish industrial and services output started Q4 on a fairly weak note, but forward-looking indicators also released this morning were more positive. As such, it still seems likely that Swedish GDP... 5th December 2016 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q3, 1st Estimate) The stagnation of Swiss GDP in Q3 demonstrates the negative impact that deflation and the strong franc have had on the economy. With a plethora of political risks inthe euro-zone set to keep the franc... 2nd December 2016 · 1 min read
Europe Data Response Euro-zone Unemployment (Oct.) & Italian GDP (Q3) October’s euro-zone unemployment data show that the labour market recovery has regained some pace. But the rate of unemployment is still high and recent developments are consistent with pretty slow... 1st December 2016 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Nov.) November’s PMIs suggest that Swiss and Swedish manufacturers are performing well, while their Norwegian and Danish counterparts are still lagging behind. 1st December 2016 · 1 min read
