Nordic & Swiss Data Response Norway GDP (Q4) & CPI (Jan.) Norway’s mainland GDP recorded another strong expansion in Q4, rounding off a pretty good year for the economy. However, inflation slowed sharply in January, highlighting that price pressures remain... 9th February 2018 · 1 min read
Nordic & Swiss Data Response Swedish Private Production (Dec.) Despite falling in December, Swedish private production growth accelerated over Q4. With the economy’s strong performance causing inflationary pressures to build, the Riksbank remains on track to... 6th February 2018 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Jan.) January’s Swiss, Swedish and Norwegian manufacturing PMIs generally point to strong growth. But only in Sweden do we expect this to feed through to significant and sustained inflation pressure. 1st February 2018 · 1 min read
Nordic & Swiss Data Response Swiss KOF (Jan.) Despite January’s sharp fall in the Swiss KOF Economic Barometer, the indicator is still broadly consistent with annual GDP growth picking up to around 2%. With exporters benefiting from a weaker... 30th January 2018 · 1 min read
Nordic & Swiss Data Response Sweden Econ. Tend. Survey (Jan.) & Unemploy. (Dec.) The Economic Tendency Survey suggests that the Swedish economy lost some momentum at the start of 2018. But this is unlikely to prevent the Riksbank from tightening policy later this year. 25th January 2018 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Dec.) Swedish policymakers will be discouraged by the fact that the decline in inflation in December was due to slower inflation for domestic goods and services. But with resource utilisation strong... 12th January 2018 · 1 min read
Nordic & Swiss Data Response Norwegian and Danish Consumer Prices (Dec.) Despite December’s jump in inflation in Norway, underlying price pressures remain subdued. With house price inflation falling further into negative territory, we suspect that it will be a long time... 10th January 2018 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Dec.) While Swiss headline inflation was unchanged in December, there was a welcome rise in the core rate. But the big picture is that inflationary pressures remain subdued, so the Swiss National Bank will... 8th January 2018 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Dec.) December’s Swedish and Norwegian manufacturing PMIs suggest that industry in both countries ended 2017 on a strong note. But only in Sweden do we expect healthy economic growth to put sustained upward... 2nd January 2018 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Nov.) Swedish inflation was higher than the Riksbank forecast in November, supporting our view that next week the Riksbank will not announce an extension of its asset purchase programme into 2018. 12th December 2017 · 1 min read
Nordic & Swiss Data Response Norwegian and Danish Consumer Prices (Nov.) Inflation in Norway has probably reached a trough, but it is unlikely to rebound strongly. With house price inflation also slowing very sharply, we suspect that at its meeting on Thursday the Norges... 11th December 2017 · 1 min read
Nordic & Swiss Data Response Icelandic GDP (Q3) Very strong Icelandic growth in Q3 somewhat overstates the health of the economy, given that consumer spending was stagnant and exports slumped. That said, surveys bode well for the outlook. 8th December 2017 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Nov.) November’s rise in Swiss inflation reflected both higher energy prices and a weaker franc. But with inflation still very weak, we doubt that the Swiss National Bank will decide to alter its ultra... 6th December 2017 · 1 min read
Nordic & Swiss Data Response Swiss & Danish GDP (Q3), Swiss KOF (Nov.) After a weak first half of 2017, Switzerland’s economic recovery strengthened in Q3. And the latest leading indicators provide hope that GDP growth will accelerate further in the coming quarters. 30th November 2017 · 1 min read
Nordic & Swiss Data Response Sweden Econ. Tendency Survey (Nov.) & GDP (Q3.) Despite a slowdown in consumer spending growth in Q3, Swedish GDP growth remained strong due to a sharp pick-up in investment. Meanwhile, November’s rise in the Economic Tendency Indicator suggests... 29th November 2017 · 1 min read
Nordic & Swiss Data Response Swe. Consumer Prices (Oct.), Nor. & Fin. GDP (Q3) As October’s drop in Swedish inflation was almost entirely due to energy, we are not convinced that it means QE will be extended in December. Meanwhile, following stronger-than-expected GDP growth in... 14th November 2017 · 1 min read
