Nordic & Swiss Data Response Swiss KOF Economic Barometer (Oct.) October’s rise in the Swiss KOF Economic Barometer was not enough to offset the previous month’s drop and the series still suggests that activity will remain subdued into 2020. 30th October 2019 · 2 mins read
Nordic & Swiss Data Response Swedish, Norwegian & Danish Consumer Prices (Sep.) The persistent weakness of underlying inflation in Sweden serves as further proof, if needed, that the Riksbank will have to shift to a more dovish stance over the next six months or so. As a result... 10th October 2019 · 2 mins read
Nordic & Swiss Data Response Switzerland CPI (Sept.) The further decline in Swiss inflation, to just 0.1% in September, will stoke deflationary fears at the SNB and will only strengthen its resolve to resist upward pressure on the franc. 2nd October 2019 · 2 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Sept.) The release of a grim set of manufacturing PMIs for September this morning lends further support to our views that policymakers in Sweden and Switzerland will end up cutting interest rates deeper into... 1st October 2019 · 2 mins read
Nordic & Swiss Data Response Swedish, Norwegian & Danish Consumer Prices (Aug.) The weakness of Swedish inflation in August pours even more cold water over the Riksbank’s forecasts for an interest rate hike over the next six months. We are sticking to our view that policymakers... 10th September 2019 · 2 mins read
Nordic & Swiss Data Response Switzerland GDP (Q2) The fact that the Swiss economy grew slightly faster than we had expected in Q2 is of limited solace given the sizeable downward revisions to the back data. The risks to our GDP forecast this year are... 5th September 2019 · 2 mins read
Nordic & Swiss Data Response Switzerland CPI (Aug.) This morning’s release of Swiss inflation data for August confirmed that price pressures there remain almost entirely absent. It’s still a question of when, rather than whether, the SNB eases policy... 3rd September 2019 · 2 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Aug.) The manufacturing PMIs from August indicate that the Swiss industrial sector is still feeling the pinch from the deep downturn in its German counterpart and the stronger franc, and add to the evidence... 2nd September 2019 · 2 mins read
Nordic & Swiss Data Response Finland & Denmark GDP (Q2), Swiss KOF (Aug.) Although today’s release of GDP data for Finland and Denmark shows that both economies grew solidly in Q2, we suspect that quarterly growth will slow in both in the coming quarters. Meanwhile, the... 30th August 2019 · 2 mins read
Nordic & Swiss Data Response Norway’s GDP (Q2) This morning’s release of Q2 GDP data from Norway confirms that the economy remains a bright spot in the Nordics. But given that oil prices are now in line with our end-year forecast of $60pb, we... 29th August 2019 · 2 mins read
Nordic & Swiss Data Response Swedish Consumer Prices (July) The fall in Swedish inflation in July provides further confirmation, if it were needed, that the Riksbank will have to revise down its forecasts for the repo rate at its next meeting, on 5th September... 14th August 2019 · 2 mins read
Nordic & Swiss Data Response Norwegian Consumer Prices (July) The fact that core inflation in Norway remained above target for the ninth month in a row in July will keep the Norges Bank in tightening mode for now. But with prices pressures set to ease, we think... 9th August 2019 · 2 mins read
Nordic & Swiss Data Response Swiss CPI & Manufacturing PMI (July) The unexpected fall in Swiss inflation in July, and signs of a deepening downturn in the industrial sector, will only strengthen the resolve of the SNB to resist the rising franc. There is a growing... 2nd August 2019 · 2 mins read
Nordic & Swiss Data Response Manufacturing PMIs (July) The sharp fall in Norway’s manufacturing PMI in July adds to signs that the economy is losing momentum and lends support to our view that the Norges Bank will hike rates by less than investors expect... 1st August 2019 · 2 mins read
Nordic & Swiss Data Response Swedish Consumer Prices (Jun.) While core inflation in Sweden edged up once again in June, we expect weak domestic demand to weigh on underlying price pressures over the second half of the year and into 2020. 11th July 2019 · 2 mins read
Nordic & Swiss Data Response Norwegian & Danish Consumer Prices (Jun.) The larger-than-expected fall in the headline Norwegian inflation rate in June is unlikely to change the Norges Bank’s hawkish bias. With core price pressures still running above target, it is set to... 10th July 2019 · 2 mins read
