Nordic & Swiss Data Response Sweden Consumer Prices (Apr.) The energy-driven increase in Swedish inflation in April is likely to be temporary and will not trouble the Riksbank (even as bicycle prices keep on climbing). That said, house price inflation is... 12th May 2021 · 2 mins read
Nordic & Swiss Data Response Norway GDP (Q1 2021) The weaker-than-expected 1.0% q/q decrease in Norwegian mainland GDP in Q1 confirmed that the economy slipped behind its Swedish counterpart at the start of the year, and suggests that it is now... 12th May 2021 · 2 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Apr.) Exchange rate effects pulled Norway’s core inflation rate back down to target in April, and will continue to exert downward pressure over the coming months. However, pockets of home-grown price... 10th May 2021 · 2 mins read
Nordic & Swiss Data Response Switzerland CPI (Apr.) & Sweden Activity Data (Mar.) April marked the end of the recent bout of deflation in Switzerland, and the headline rate is likely to climb higher over the coming months. Meanwhile, further confirmation that the Swedish economy is... 5th May 2021 · 2 mins read
Nordic & Swiss Data Response Sweden GDP Indicator (Q1) & ETI (Apr.) The stronger-than-expected increase in Swedish GDP in Q1 means that the economy has already largely regained its pre-virus peak. Meanwhile, the jump in the ETI in April suggests that the economy is... 29th April 2021 · 2 mins read
Nordic & Swiss Data Response Sweden Consumer Prices (Mar.) Swedish inflation rose closer to the Riksbank’s 2% target in March, in line with expectations. As it should only breach the target temporarily, we continue to expect the Riksbank to keep the repo rate... 14th April 2021 · 2 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Mar.) The fact that core inflation in Norway came in above target for the fifteenth month in a row in March came as no surprise. However, it underlines that the Norges Bank is in a very different place to... 9th April 2021 · 3 mins read
Nordic & Swiss Data Response Sweden GDP Indicator (Feb.) Monthly GDP data from Sweden for February indicate that output it is all but certain to have expanded in Q1. The recent surge in virus cases casts a cloud on the government’s plans to ease... 8th April 2021 · 2 mins read
Nordic & Swiss Data Response Switzerland CPI & Manufacturing PMIs (Mar.) Swiss inflation looks set to continue its upward trend over the coming months, but with temporary factors likely to fade in H2, and underlying price pressures likely to remain much weaker, this won’t... 1st April 2021 · 3 mins read
Nordic & Swiss Data Response Sweden ETI (Mar.) & Swiss KOF (Mar.) The latest business surveys indicate that Sweden and Switzerland ended Q1 on strong footings, helped by buoyant conditions in their manufacturing sectors. 30th March 2021 · 2 mins read
Nordic & Swiss Data Response Sweden Consumer Prices (Feb.) Swedish inflation came in weaker than expected in February, and we continue to expect the Riksbank to keep the repo rate on hold for the foreseeable future. 15th March 2021 · 2 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Feb.) Core inflation in Norway came in above target again in February, and while we expect it to fall in the coming months, home-grown price pressures should support the rate later in the year as activity... 10th March 2021 · 2 mins read
Nordic & Swiss Data Response Norway GDP (Jan.) & Sweden Activity Ind. (Jan.) The latest tightening of virus-related restrictions in Norway will weigh on domestic activity in the near term. However, Norway remains comparatively well placed, and we expect the Norges Bank to be... 9th March 2021 · 2 mins read
Nordic & Swiss Data Response Switzerland CPI (Feb.) Swiss inflation surprised on the downside in February, but temporary forces look set to push it higher over the coming months. However, with underlying price pressures likely to remain much weaker... 3rd March 2021 · 2 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Feb.) The strong set of manufacturing PMIs for February indicates that industry remains in rude health. That said, as elsewhere, there are signs of supply problems and rising price pressures. 1st March 2021 · 2 mins read
Nordic & Swiss Data Response Switzerland GDP (Q4 2020) & KOF Barometer (Feb.) The 0.3% q/q expansion in Swiss GDP in Q4 was slightly better than expected and means that output was just 1.6% smaller than in Q4 2019. Tighter virus-related restrictions and a renewed slump in the... 26th February 2021 · 2 mins read
