Nordic & Swiss Data Response Manufacturing PMIs (Apr.) The PMIs weakened in April, but still point to faster manufacturing growth. And the Swedish survey suggests that inflation there will rise, supporting our view that the Riksbank erred in extending its... 2nd May 2017 · 1 min read
Nordic & Swiss Data Response Swiss KOF Economic Barometer (Apr.) April’s fall in the Swiss KOF Economic Barometer leaves it still pointing to a pick-up in annual GDP growth to around 2%. But with inflation extremely low and given signs that the strong franc is... 28th April 2017 · 1 min read
Nordic & Swiss Data Response Swedish Economic Tendency Survey (Apr.) The sharp jump in the Swedish Economic Tendency Indicator is consistent with our view that in tomorrow’s monetary policy announcement the Riksbank will signal an end to its asset purchases programme... 26th April 2017 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Mar.) March’s fall in inflation was partly due to temporary effects and inflation should rise in April. As there is now an increasing risk that inflation will overshoot the Riksbank’s target, later this... 12th April 2017 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Mar.) March’s fall in inflation was partly due to temporary effects and inflation should rise in April. As there is now an increasing risk that inflation will overshoot the Riksbank’s target, later this... 11th April 2017 · 1 min read
Nordic & Swiss Data Response Norwegian & Danish Consumer Prices (Mar.) March’s small rise in the Norges Bank’s preferred measure of inflation was probably just a blip. Indeed, we think that inflation will fall to about 1.0% later this year, prompting the central bank to... 10th April 2017 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Mar.) March’s Swiss inflation data do little to alter the picture of extremely subdued price pressures. With the core rate barely positive and inflation expectations very low, we expect the Swiss National... 6th April 2017 · 1 min read
Nordic & Swiss Data Response Swedish Industrial & Services Production (Feb.) The latest raft of positive Swedish data supports our view that the Riksbank’s extremely accommodative monetary policy is no longer justified – we expect the Bank to stop purchasing assets in June and... 5th April 2017 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Mar.) March’s PMIs point to faster manufacturing growth in Switzerland, Sweden and Norway. They also imply that price pressures are building in Sweden, which we think will force the Riksbank to tighten... 3rd April 2017 · 1 min read
Nordic & Swiss Data Response Swiss KOF Economic Barometer (Mar.) March’s rise in the Swiss KOF Economic Barometer to a three-and-a-half-year high provided further evidence that the economy made a positive start to 2017. But with inflation still low and persistent... 30th March 2017 · 1 min read
Nordic & Swiss Data Response Swedish Economic Tendency Survey (Mar.) Despite softening in March, Sweden’s Economic Tendency Indicator still points to a surge in GDP growth. With the survey breakdown suggesting that domestic demand is increasingly driving growth, the... 29th March 2017 · 1 min read
Nordic & Swiss Data Response Swedish Retail Sales, Trade and PPI (Feb.) While today’s data suggests that Swedish growth may have slowed in Q1, it still looks set to be strong. And as PPI inflation remains high, inflationary pressures appear to be rising and we expect the... 28th March 2017 · 1 min read
Nordic & Swiss Data Response Norwegian Labour Force Survey (Jan.) We doubt that the labour market is recovering as quickly as the decline in the Labour Force Survey measure of unemployment suggests. While things are gradually improving, wage growth looks set to... 22nd March 2017 · 1 min read
Nordic & Swiss Data Response Norwegian Consumer Prices (Feb.) February’s inflation data revealed that inflation is falling much more quickly than the Norges Bank expected. While activity surveys have strengthened recently, we think that inflation will continue... 10th March 2017 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Feb.) Switzerland’s consumer prices data for February revealed that prices are finally rising again. But with the franc likely to strengthen this year, underlying price pressures are set to remain subdued. 8th March 2017 · 1 min read
Nordic & Swiss Data Response Swedish Industrial & Services Production (Jan.) Both industrial production and services output in Sweden rose at a decent pace in January. And with surveys pointing to further gains, the Swedish economy is set for another strong quarter in Q1 and... 3rd March 2017 · 1 min read
