Nordic & Swiss Data Response Sweden Consumer Prices (Jan.) Swedish inflation rose sharply, as expected, in January and is set rise above the Riksbank’s 2% target in Q2. In any case, policymakers have signalled that they will look through any temporary breach... 18th February 2021 · 2 mins read
Nordic & Swiss Data Response Denmark GDP (Q4 2020) The slightly smaller-than-expected 0.6% q/q increase in Danish GDP in Q4 left the economy 3.1% smaller than it was in Q4 2019. Although activity is likely to slow in Q1 – on the back of tighter virus... 15th February 2021 · 2 mins read
Nordic & Swiss Data Response Norway GDP (Q4 2020) & Swiss CPI (Jan. 2021) This larger-than-expected increase in Norwegian mainland GDP in Q4 confirms that Norway is faring much better than its European peers. Activity is likely to have weakened at the start of 2021, but... 12th February 2021 · 2 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Jan.) Core Norwegian inflation edged down in January and will continue to fall back this year as the inflationary boost from previous krone weakness fades. The Norges Bank will be in no rush to raise... 10th February 2021 · 2 mins read
Nordic & Swiss Data Response Sweden GDP Indicator (Q4) & Man. PMIs (Jan.) The strong set of January manufacturing PMIs from Switzerland and the Nordics indicates that industry continued to cushion the blow from virus restriction-driven declines in services activity at the... 1st February 2021 · 2 mins read
Nordic & Swiss Data Response Sweden Economic Tendency Indicator (Jan.) The rise in Sweden’s Economic Tendency Indicator (ETI) in January was a welcome surprise and shows that the manufacturing sector remains in rude health. That said, retail is struggling, and with... 28th January 2021 · 2 mins read
Nordic & Swiss Data Response Norway GDP (Nov.) & Sweden Activity Ind. (Nov.) The smaller-than-expected fall in mainland Norwegian GDP in November shows that activity was reasonably resilient to tighter virus-related restrictions and was well placed coming into 2021. While... 12th January 2021 · 2 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Dec.) While core Norwegian inflation edged further above target in December, it is set to fall back swiftly this year and so the Norges Bank will be in no rush to raise interest rates. 11th January 2021 · 2 mins read
Nordic & Swiss Data Response Switzerland CPI (Dec.) Swiss inflation is likely to climb out of deflationary territory over the coming months. However, it is still set to remain very weak over the coming years, and does not change the picture for the SNB... 5th January 2021 · 2 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Dec.) The strong set of December manufacturing PMIs from Switzerland and the Nordics indicates that industry started 2021 on the front foot, supported by robust activity in Asia. This bodes well for Q1 and... 4th January 2021 · 2 mins read
Nordic & Swiss Data Response Norway & Sweden Consumer Prices (Nov.) The sharp fall in Norwegian inflation in November was skewed by energy effects, but the decline in the core rate underlines that policymakers will be in no rush to raise rates. Meanwhile, the... 10th December 2020 · 2 mins read
Nordic & Swiss Data Response Norway GDP (Oct.) & Sweden Activity Ind. (Oct.) The stronger-than-expected increase in mainland Norwegian GDP means that the economy will avoid contracting in Q4 and confirms that it will experience a comparatively modest drop in output in 2020... 9th December 2020 · 2 mins read
Nordic & Swiss Data Response Switzerland CPI (Nov.) The current period of deflation in Switzerland will start to ease in early 2021, and the headline rate is likely to edge back into positive territory by March. However, this won’t be a game-changer... 2nd December 2020 · 2 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Nov.) & Switzerland GDP (Q3) The strong set of manufacturing PMIs from Switzerland and the Nordics in November suggests that the industrial rebound gathered momentum in Q4, in keeping with the picture in German industry. This... 1st December 2020 · 2 mins read
Nordic & Swiss Data Response Switzerland KOF Economic Barometer (Nov.) The decline in the KOF Economic Barometer in November adds to signs that the rebound in Swiss GDP shifted into reverse in Q4. However, given the government’s decision to resist a nationwide lockdown... 30th November 2020 · 2 mins read
Nordic & Swiss Data Response Norway GDP (Q3) This morning’s release of Q3 GDP data from Norway confirmed that the mainland economy bounced back strongly over the summer. However, new restrictions both locally and in key trade partners mean that... 17th November 2020 · 2 mins read
