Nordic & Swiss Data Response

Sweden Consumer Prices (Aug.)

The stronger-than-expected pick-up in Swedish headline inflation in August ups the ante for the Riksbank ahead of next week’s policy meeting. While repo rate hikes are low down on policymakers’ agenda...

14th September 2021 · 2 mins read

Nordic & Swiss Data Response

Norway Consumer Prices (Aug.)

The fact that the Norges Bank’s target measure of inflation fell for the fifth month in a row in August, and is likely to remain steady at about half the Bank’s target rate over the next six months...

10th September 2021 · 2 mins read

Nordic & Swiss Data Response

Switzerland Consumer Prices (Aug.) & GDP (Q2)

Data released this morning show that Swiss GDP is on track to re-gain its pre-pandemic level in Q3 and that inflation is creeping higher. Nonetheless, the near-term outlook is not as rosy as it was...

2nd September 2021 · 3 mins read

Nordic & Swiss Data Response

Sweden GDP (Q2) & ETI (Aug.)

The release of GDP data from Sweden this morning confirmed that the economy surpassed its pre-virus peak in Q2, and we expect output to make further gains in Q3.

27th August 2021 · 2 mins read

Nordic & Swiss Data Response

Norway GDP (Q2 & Jun. 2021)

The release of Q2 GDP data from Norway this morning confirmed that the mainland economy came within a whisker of re-gaining its pre-virus level in June. Growth is set to accelerate in Q3.

20th August 2021 · 2 mins read

Nordic & Swiss Economics

Sweden Consumer Prices (Jul.)

The slight pick-up in Swedish headline inflation in July was primarily driven by a rise in energy inflation. However, the fall in core inflation to its lowest level since 2014, means that the Riksbank...

13th August 2021 · 2 mins read

Nordic & Swiss Economics

Norway Consumer Prices (Jul.)

The small increase in headline CPI inflation in Norway, and the bigger decrease in the Norges Bank’s target measure, will have no bearing on the near-term outlook for monetary policy given that...

10th August 2021 · 2 mins read

Nordic & Swiss Economics

Switzerland CPI & Manufacturing PMIs (Jul.)

While inflation in Switzerland is likely to rise further in the coming months, the anticipated bout of re-opening inflation may have already passed, and the SNB will not be fazed.

2nd August 2021 · 2 mins read

Nordic & Swiss Economics

Sweden GDP Indicator (Q2) & ETI (Jul.)

The 0.9% q/q increase in Swedish GDP in Q2 was a touch weaker than our forecast (+1.0%) but stronger than the consensus (+0.7%). While the best of the rebound in the industrial sector may be behind us...

29th July 2021 · 2 mins read

Nordic & Swiss Economics

Sweden Consumer Prices (June)

The further fall in Swedish headline inflation in June is at odds with the recent data from the US and the UK, but came as no surprise given the recent drop in electricity prices. And with non-energy...

14th July 2021 · 2 mins read

Nordic & Swiss Data Response

Norway Consumer Prices (June)

The small increase in headline CPI inflation and small decrease in the Norges Bank’s target measure of inflation will make no difference to the immediate outlook for monetary policy, not least because...

9th July 2021 · 2 mins read

Nordic & Swiss Data Response

Norway GDP (May) & Sweden GDP Indicator (May)

The larger-than-expected rise in mainland Norwegian GDP in May indicates that the economy is back in business following the lifting of restrictions, and it is likely to have regained its pre-virus...

7th July 2021 · 2 mins read

Nordic & Swiss Data Response

Norway & Sweden Consumer Prices (May)

Inflation in Norway and Sweden was lower than expected in May, with core inflation falling in both economies. This will reassure Sweden’s Riksbank that it can keep its policy rate on hold, but we...

10th June 2021 · 2 mins read

Nordic & Swiss Data Response

Switzerland CPI (May)

Inflation in Switzerland is likely to keep climbing over the coming months, but we still expect it to fall back next year. So the SNB looks set to keep interest rates on hold for a very long time.

7th June 2021 · 2 mins read

Nordic & Swiss Data Response

Switzerland GDP (Q1 2021) & PMIs (May)

Data released this morning confirmed that the Swiss economy started 2021 on the back foot following a tightening in virus-related restrictions. However, activity will have gathered pace in Q2.

1st June 2021 · 2 mins read