Nordic & Swiss Data Response

Swedish Economic Tendency Survey (Dec.)

A huge rise in manufacturing confidence, to within touching distance of a record high, pushed the Swedish Economic Tendency Indicator higher still in December. This calls into question the Riksbank’s...

20th December 2016 · 1 min read

Nordic & Swiss Data Response

Swiss Consumer Prices (Nov.)

While November’s fall in Swiss inflation was mainly due to energy effects, the weakness of core inflation will do little to ease fears that the economy may be experiencing a sustained bout of damaging...

6th December 2016 · 1 min read

Nordic & Swiss Data Response

Swedish Industrial & Services Production (Oct.)

Swedish industrial and services output started Q4 on a fairly weak note, but forward-looking indicators also released this morning were more positive. As such, it still seems likely that Swedish GDP...

5th December 2016 · 1 min read

Nordic & Swiss Data Response

Swiss GDP (Q3, 1st Estimate)

The stagnation of Swiss GDP in Q3 demonstrates the negative impact that deflation and the strong franc have had on the economy. With a plethora of political risks inthe euro-zone set to keep the franc...

2nd December 2016 · 1 min read

Nordic & Swiss Data Response

Manufacturing PMIs (Nov.)

November’s PMIs suggest that Swiss and Swedish manufacturers are performing well, while their Norwegian and Danish counterparts are still lagging behind.

1st December 2016 · 1 min read

Nordic & Swiss Data Response

Swedish GDP (Q3, 1st Estimate)

Sweden’s decent economic expansion in Q3 masks a sharp slowdown in domestic demand growth. But with survey indicators pointing to a renewed acceleration in GDP growth in Q4, that slowdown looks set to...

29th November 2016 · 1 min read

Nordic & Swiss Data Response

Swedish Economic Tendency Survey (Nov.)

The Economic Tendency Indicator now points to annual Swedish GDP growth of over 4%, while consumers’ inflation expectations have also jumped. Both factors suggest that any further loosening by the...

24th November 2016 · 1 min read

Nordic & Swiss Data Response

Norwegian Labour Force Survey (Sep.)

September’s Norwegian Labour Force Survey (LFS) provided some hints that the recent rise in unemployment might be coming to an end. Meanwhile, other perhaps more reliable measures of unemployment have...

23rd November 2016 · 1 min read

Nordic & Swiss Data Response

Swedish Consumer Prices (Oct.)

October’s rise in inflation was driven almost entirely by energy effects whileunderlying measures of inflation remain weak. As such, the Riksbank seems all butcertain to loosen monetary policy at its...

15th November 2016 · 1 min read

Nordic & Swiss Data Response

Norwegian & Finnish GDP (Q3)

Norway’s economic recovery slowed in Q3, while Finland’s picked up. But surveys suggest that growth in both countries might improve over the coming quarters.

15th November 2016 · 1 min read

Nordic & Swiss Data Response

Norwegian and Danish Consumer Prices (Oct.)

In October, the Norges Bank’s favoured measure of inflation was unchanged at a joint 14-month low. We think that it will fall sharply next year, prompting the Bank to cut its key policy rate from 0.5%...

10th November 2016 · 1 min read

Nordic & Swiss Data Response

Swiss Consumer Prices (Oct.)

October’s Swiss CPI data did little to ease fears that the economy may be experiencing a sustained bout of damaging deflation. This supports our view that additional monetary policy support will be...

7th November 2016 · 1 min read

Nordic & Swiss Data Response

Swedish Production Indices (Sep.) and Services PMI (Oct.)

September’s sharp rise in Swedish industrial production suggests that August’s large fall was due to one-off effects. Looking ahead, the rise in the services PMI supports the message from earlier...

3rd November 2016 · 1 min read

Nordic & Swiss Data Response

Manufacturing PMIs (Oct.) & Swiss Retail Sales (Sep.)

October’s manufacturing PMIs generally painted a positive picture of economic growth.But the surveys’ price indices suggest that inflationary pressures vary across the region.

1st November 2016 · 1 min read

Nordic & Swiss Data Response

Swiss KOF Economic Barometer (Oct.)

October’s rise in the Swiss KOF Economic Barometer suggests that GDP growth could accelerate in the near term. But with the full effects of the franc’s strength yet to be felt and deflation risks...

28th October 2016 · 1 min read