Nordic & Swiss Data Response

Sweden GDP Indicator (Q1)

News that the Swedish economy expanded slightly in Q1, and thereby narrowly avoided a recession, adds to the evidence that economic activity in Europe as a whole has held up well in Q1. That said, we...

27th April 2023 · 2 mins read

Nordic & Swiss Data Response

Sweden Consumer Prices (Mar.)

The fall in Sweden’s measure of core inflation to 8.9% in March suggests that it may now be passed its peak. But it is still much higher than the Riksbank had anticipated at its February meeting and...

14th April 2023 · 2 mins read

Nordic & Swiss Data Response

Norway Consumer Prices (Mar.)

March’s inflation data make it all but certain that the Norges Bank will press on with its planned 25bp rate hike at the next meeting in May.

11th April 2023 · 2 mins read

Nordic & Swiss Data Response

Inflation falls sharply, but interest rates set to rise further.

March’s sharp fall in headline inflation in Switzerland will provide some relief for the SNB as the decrease was spread across a wide range of goods. However, underlying price pressures remain strong...

3rd April 2023 · 2 mins read

Nordic & Swiss Data Response

Sweden Consumer Prices (Feb.)

Although it was partly due to higher food prices, the jump in the “core” measure of inflation in Sweden to 9.3% will reinforce policymakers’ determination to raise rates further. We expect another...

15th March 2023 · 2 mins read

Nordic & Swiss Data Response

Norway Consumer Prices (Feb.)

February’s decline in headline and core inflation takes some of the pressure off the Norges Bank and means that it is likely to hike by 25bp at the meeting in two weeks’ time.

10th March 2023 · 2 mins read

Nordic & Swiss Data Response

Switzerland CPI (Feb.)

The CPI data for February suggest there is a long way to go before inflation returns to target especially as underlying prices pressures show no signs of abating, with the core inflation rate reaching...

6th March 2023 · 2 mins read

Nordic & Swiss Data Response

Switzerland GDP (Q4)

Despite stagnating in Q4, the Swiss economy remained notably bigger than its pre-pandemic level and has outperformed its European peers. We are forecasting a contraction in Q1 2023 and for the economy...

28th February 2023 · 2 mins read

Nordic & Swiss Data Response

Sweden Consumer Prices (Jan.)

The fall in the Riksbank’s target measure of inflation was largely due to a huge one-off drop in electricity prices but policymakers will focus more on the big increase in core inflation. This...

20th February 2023 · 2 mins read

Nordic & Swiss Data Response

Norway GDP (Q4)

Norway’s mainland economy put in a much better performance in Q4 than the central bank expected and ended the year with a healthy expansion in December. Together with the continued strength in...

15th February 2023 · 2 mins read

Nordic & Swiss Data Response

Switzerland CPI (Jan.)

The rise in Swiss headline inflation will be of less concern to SNB policymakers than the increase in the core rate to its highest level on record. However, we do not think these increases are the...

13th February 2023 · 2 mins read

Nordic & Swiss Data Response

Norway Consumer Prices (Jan.)

The strength of consumer price inflation in January makes it all but certain that the Norges Bank will raise its policy rate at its next meeting in March, most likely by 25bp. And with house prices...

10th February 2023 · 3 mins read

Nordic & Swiss Data Response

Sweden GDP Indicator (Q4)

Data published today show that the economy contracted by 0.6% q/q in Q4 as the resilience previously reported towards the end of last year has been revised away. With the more timely data for December...

30th January 2023 · 2 mins read

Nordic & Swiss Data Response

Sweden Consumer Prices (Dec.)

Yet another larger-than-expected increase in the Riksbank’s target measure of inflation and in the core rate suggest that policymakers are highly likely to raise rates by 50bp in February.

13th January 2023 · 2 mins read

Nordic & Swiss Data Response

Norway Consumer Prices (Dec.)

The continued strength of core inflation will encourage the Norges Bank to press on with another 25bp interest rate increase next week. While there is still some more upside risk to underlying...

10th January 2023 · 2 mins read