Nordic & Swiss Data Response Danish GDP (Q2) The Danish economy notched up yet another decent quarter in Q2, with growth driven by domestic demand. We expect the economy to continue to perform well and have raised our 2017 GDP forecast to 2.5%. 31st August 2017 · 1 min read
Nordic & Swiss Data Response Swiss KOF & Swedish Economic Tendency Indicators (Aug.) Falls Although surveys of overall economic sentiment in both Switzerland and Sweden fell in August, they still point to a healthy pace of GDP growth in both countries. But with inflation much stronger in... 30th August 2017 · 1 min read
Nordic & Swiss Data Response Norway GDP & Swiss Ind. Prod. (Q2) & Sweden Unemploy’t (Jul.) Norway’s mainland economy recorded another strong expansion in Q2 and forward-looking indicators suggest that the recovery will continue to gain pace. But with inflation set to fall further, we doubt... 24th August 2017 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Jul.) & Finnish GDP (Q2) July’s jump in Swedish inflation is partly due to a methodological change in the way that package holiday prices are tracked. Yet even excluding this effect, underlying inflation has picked up and... 15th August 2017 · 1 min read
Nordic & Swiss Data Response Swedish Industrial & Services Production (Jun.) The Swedish industrial and services sectors have been performing well of late and the outlook is positive. With the Swedish economy firing on all cylinders, it won’t be long until the Riksbank changes... 10th August 2017 · 1 min read
Nordic & Swiss Data Response Norwegian & Danish Consumer Prices (Jul.) Inflation in Norway continued on its downward trend in July, and it is likely to fall a little further over the rest of the year. We think that it will remain well below target over the next few years... 10th August 2017 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Jul.) The Swiss National Bank (SNB) will be disappointed that July’s small rise in core inflation was driven by imported rather than domestically-produced products. As inflation expectations are consistent... 7th August 2017 · 1 min read
Nordic & Swiss Data Response Swedish & Norwegian Manufacturing PMIs (Jul.) July’s Swedish and Norwegian manufacturing PMIs point to a continued pick-up in industrial output growth in both countries. But the Swedish survey’s price index implies some downside risks to... 1st August 2017 · 1 min read
Nordic & Swiss Data Response Swedish GDP (Q2) & Swiss KOF (Jul.) Sweden’s exceptionally strong GDP growth was driven entirely by domestic demand and highlights the need for monetary policy normalisation. Meanwhile, July’s rise in the Swiss KOF points to a pick-up... 28th July 2017 · 1 min read
Nordic & Swiss Data Response Swedish Economic Tendency Survey (July) & Labour Data (June) Both the Swedish Economic Tendency Survey and labour market indicators point to increasing wage and price pressures. This supports our view that the Riksbank and markets are underestimating how soon... 27th July 2017 · 1 min read
Nordic & Swiss Data Response Iceland Consumer Prices (Jul.) July’s rise in headline inflation was driven entirely by higher house prices and far overstates the extent of price pressures in Iceland. With underlying inflation set to stay below zero, we expect... 20th July 2017 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Jun.) As underlying inflation is within touching distance of the Riksbank’s target, today’s rise in the krona should be followed by further gains as the remaining doves on the Executive Board come round to... 13th July 2017 · 1 min read
Nordic & Swiss Data Response Norwegian Consumer Prices (Jun) Headline inflation in Norway slowed in June, and we think that it will fall further. Over the next few years, it is likely to remain below the Norges Bank’s target, so we think that interest rate... 10th July 2017 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Jun.) The fall in Swiss inflation in June largely reflected lower energy prices. With core inflation holding close to zero, the SNB will stick to its ultra-loose policy stance over the next couple of years. 6th July 2017 · 1 min read
Nordic & Swiss Data Response Swedish Industrial & Services Production (May) & Serv. PMI (Jun.) While both industrial and services output grew in May, both sectors are set to record weaker growth in Q2 than in Q1. But as the monthly data were a poor guide to GDP growth in Q1, we are inclined to... 5th July 2017 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Jun.) The Nordic and Swiss PMIs strengthened in June, pointing to faster manufacturing growth. The Swedish survey suggests that inflation will fall, probably reflecting energy effects. But we still expect... 3rd July 2017 · 1 min read
