Nordic & Swiss Data Response Norway, Switz. & Denmark Consumer Prices (Jan.) The unexpected jump in underlying inflation in Norway lends support to our view that the Norges Bank is more likely to hike than to cut interest rates next. Meanwhile, the continued absence of price... 10th February 2020 · 2 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Jan.) The mixed set of manufacturing PMIs from January adds to signs that conditions in the Swedish industrial sector have turned the corner but indicate that activity in Switzerland remains stuck in a rut. 3rd February 2020 · 2 mins read
Nordic & Swiss Data Response Swiss KOF Economic Barometer (Jan.) The surge in the Swiss KOF Economic Barometer in January may yet prove to be a bit of a rogue reading. Nonetheless, it adds to signs from elsewhere in Europe that conditions for industrial firms have... 30th January 2020 · 2 mins read
Nordic & Swiss Data Response Swedish Consumer Prices (Dec.) The fact that Swedish inflation was unchanged in December came as a surprise to nobody. But given our view that underlying price pressures will continue to moderate, we are sticking to our non... 15th January 2020 · 2 mins read
Nordic & Swiss Data Response Norway and Denmark Consumer Prices (Dec.) We doubt that December’s decline in underlying inflation in Norway is the start of a trend. Given our view that the economy will regain momentum before long, the balance of risks is skewed towards... 10th January 2020 · 2 mins read
Nordic & Swiss Data Response Switzerland CPI & Sweden Services PMI (Dec.) Having seen inflation fall into negative territory in the previous two months, the increase in Swiss CPI back into positive territory in December will be welcomed by policymakers. Nonetheless, with... 7th January 2020 · 2 mins read
Nordic & Swiss Data Response Swedish Consumer Prices (Nov.) The pick-up in Swedish inflation in November means that a rate hike by the Riksbank next week is all but guaranteed. But with surveys continuing to show that the economy is struggling, and core... 11th December 2019 · 2 mins read
Nordic & Swiss Data Response Norway and Denmark Consumer Prices (Nov.) While we expect the Norges Bank to leave its key policy interest rate on hold at 1.50% for the foreseeable future, the persistence of core price pressures means that the balance of risks is skewed... 10th December 2019 · 2 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Nov.) The falls in the Swiss and Swedish manufacturing PMIs in November dash any hopes that the manufacturing sectors have gathered momentum in Q4. With the manufacturing recession in Germany set to rumble... 2nd December 2019 · 2 mins read
Nordic & Swiss Data Response Sweden, Finland & Denmark GDP (Q3), Swiss KOF (Nov.) The pick-up in Swedish GDP growth in Q3 means that a rate hike by the Riksbank at its next meeting is now pretty much a done deal. But if, as we expect, the economy slows next year, we think the Bank... 29th November 2019 · 2 mins read
Nordic & Swiss Data Response Switzerland GDP (Q3) The stronger-than-expected rise in quarterly Swiss GDP growth in Q3 was a bit of a relief and poses upside risks to our near-term forecast. But the outcome was skewed by weather-related effects and... 28th November 2019 · 2 mins read
Nordic & Swiss Data Response Switzerland Industrial Production (Q3 2019) The jump in annual Swiss industrial production growth in Q3 was skewed by base effects and masks weakness in those sectors most exposed to Germany. As Germany’s industrial recession looks set to drag... 21st November 2019 · 2 mins read
Nordic & Swiss Data Response Swedish Consumer Prices (Oct.) Despite October’s increase in CPIF inflation, underlying inflation in Sweden remains below target and serves as proof that the economy is not ready for the Riksbank’s planned rate hike in December... 13th November 2019 · 2 mins read
Nordic & Swiss Data Response Norway’s GDP (Q3) This morning’s release of Q3 GDP data from Norway confirms that the economy is faring much better than its Nordic peers. The economy looks set to lose some pace in the coming months but we do not... 12th November 2019 · 2 mins read
Nordic & Swiss Data Response Norway and Denmark Consumer Prices (Oct.) While we expect the Norges Bank to leave its key policy interest rate on hold at 1.50% into 2022, the persistence of above-target core inflation in Norway will ensure that it maintains a comparatively... 11th November 2019 · 2 mins read
Nordic & Swiss Data Response Switzerland CPI & Manufacturing PMIs (Oct.) The confirmation this morning that Swiss inflation fell back into negative territory in October for the first time since November 2016 will reignite deflationary fears at the SNB and strengthen its... 1st November 2019 · 2 mins read
