Nordic & Swiss Data Response

Swedish Economic Tendency Survey (Jun)

The Swedish Economic Tendency Indicator points to strong and broad-based growth, consistent with an acceleration in wage growth and a pick-up in underlying inflation.

21st June 2017 · 1 min read

Nordic & Swiss Data Response

Swedish & Finnish Labour Force Surveys (May)

Swedish employment growth seems set to slow but the unemployment rate should nevertheless drift lower this year after being unchanged in May. And with over one third of firms suffering from a shortage...

20th June 2017 · 1 min read

Nordic & Swiss Data Response

Swedish Consumer Prices (May)

Underlying inflation was stronger than expected in May and domestic inflation should rise further from its 63-month high. As this will help to offset any disinflationary impact from a stronger krona...

13th June 2017 · 1 min read

Nordic & Swiss Data Response

Norwegian Consumer Prices (May)

Norwegian inflation resumed its decline in May, and we think that the fall has further to run. So we still forecast one interest rate cut by the Norges Bank later this year.

9th June 2017 · 1 min read

Nordic & Swiss Data Response

Swedish Industrial & Services Production (Apr.)

As April’s surprise drop in Swedish industrial production was probably due to temporary factors, we expect output to rebound in May. And while the hard data have been weaker than the surveys suggested...

7th June 2017 · 1 min read

Nordic & Swiss Data Response

Manufacturing PMIs (May)

The PMIs in Switzerland, Sweden and Norway weakened again in May, but still point to faster manufacturing growth. But the Danish PMI rebounded after April’s plunge.

1st June 2017 · 1 min read

Nordic & Swiss Data Response

Swiss & Finnish GDP (Q1)

Switzerland’s economic recovery gained pace in Q1 and business surveys suggest that this momentum will continue. But with inflation set to remain very subdued, we think that the SNB will keep policy...

1st June 2017 · 1 min read

Nordic & Swiss Data Response

Danish GDP (Q1)

The Danish economy made a good start to 2017, posting another decent quarterly expansion in Q1. Although the composition of growth was not that encouraging, the outlook is more positive.

31st May 2017 · 1 min read

Nordic & Swiss Data Response

Swedish GDP (Q1), Retail Sales (Apr) & Swiss KOF (May)

The slowdown in Swedish quarterly GDP growth in Q1 masked a strong rise in domestic demand. And with April’s pick-up in retail sales boding well for growth in Q2, underlying inflation should continue...

30th May 2017 · 1 min read

Nordic & Swiss Data Response

Swedish Economic Tendency Survey (May)

Despite slipping in May, the Swedish Economic Tendency Indicator continues to point to very strong economic growth. With the labour market therefore set to tighten further, we expect stronger wage...

24th May 2017 · 1 min read

Nordic & Swiss Data Response

Swedish Labour Force Survey (Apr.)

Despite April’s rise in the Swedish unemployment rate, it remains low by recent standards. And with over one third of firms suffering from a shortage of labour, we still expect wage growth to pick up.

23rd May 2017 · 1 min read

Nordic & Swiss Data Response

Norwegian GDP (Q1) & Finnish GDP (Q1)

Norway’s recovery gathered pace in Q1, and forward-looking indicators suggest that this should continue. That said, we doubt that this will have much of a bearing on monetary policy. Meanwhile...

16th May 2017 · 1 min read

Nordic & Swiss Data Response

Swiss & Swedish Consumer Prices (Apr.)

The sharp divergence in Swiss and Swedish inflation in April supports our views that the Swiss National Bank will need to keep monetary policy loose for a long time to come but that Sweden’s Riksbank...

11th May 2017 · 1 min read

Nordic & Swiss Data Response

Norwegian & Danish Consumer Prices (Apr.)

The sharp decline in Norwegian CPI-ATE inflation has paused over the past three months, but it should soon resume. We think that it will fall to 1.0% later in the year, and remain well below the...

10th May 2017 · 1 min read

Nordic & Swiss Data Response

Swedish Industrial & Services Production (Mar.)

March’s Swedish production data suggest that GDP growth picked up further in Q1. And as stronger activity is consistent with a rise in inflationary pressure, we think that the Riksbank will have to...

5th May 2017 · 1 min read