Nordic & Swiss Data Response

Norway Consumer Prices (Oct.)

While Norwegian inflation edged further above target in October, it is set to fall back sharply in H1 2021 and so the Norges Bank will be in no rush to raise interest rates.

10th November 2020 · 2 mins read

Nordic & Swiss Data Response

Sweden GDP (Q3 2020)

The 4.3% q/q increase in Swedish GDP in Q3 was below both our and the consensus forecast, but leaves the economy on track for a comparatively shallow drop in output this year – broadly in line with...

5th November 2020 · 2 mins read

Nordic & Swiss Data Response

Switzerland CPI (Oct.)

The absence of price pressures in Switzerland will remain a headache for the SNB over the coming years. And with the ECB set to loosen policy again next month, Swiss policymakers’ focus will remain...

3rd November 2020 · 2 mins read

Nordic & Swiss Data Response

Manufacturing PMIs (Oct.)

The positive set of manufacturing PMIs for October suggest that the industrial rebound gathered momentum at the beginning of Q4. However, this is of little comfort given the imposition of new...

2nd November 2020 · 2 mins read

Nordic & Swiss Data Response

Sweden Economic Tendency Indicator (Oct.)

The rise in Sweden’s Economic Tendency Indicator (ETI) in October came as a bit of a surprise given the recent surge in COVID-19 cases there and suggests that the economic recovery – which monthly GDP...

28th October 2020 · 2 mins read

Nordic & Swiss Data Response

Sweden Consumer Prices (Sep.)

The larger-than-expected fall in Swedish inflation in September will only strengthen the hand of the dovish contingent of the Riksbank’s Executive Board. We think it is only a matter of time before...

13th October 2020 · 2 mins read

Nordic & Swiss Data Response

Switzerland CPI (Sep.), Manufacturing PMIs (Sep.)

While Swiss inflation has risen since reaching a trough in June, it is likely to stay very weak in the near term. Meanwhile, the positive set of September manufacturing PMIs from Switzerland and...

1st October 2020 · 2 mins read

Nordic & Swiss Data Response

Switzerland KOF Economic Barometer (Sep.)

The increase in the KOF Economic Barometer in September, to a fresh decade high, suggests that the Swiss economy gathered momentum going into Q4. While the second waves of virus cases in parts of...

30th September 2020 · 2 mins read

Nordic & Swiss Data Response

Norway & Sweden Consumer Prices (Aug.)

Signs of rising domestic price pressures in Norway raise the chance of a hawkish shift by the Norges Bank at the next meeting. However, with imported price inflation set to peak soon, and services...

10th September 2020 · 2 mins read

Nordic & Swiss Data Response

Norway GDP (Jul.)

Data released this morning show that the rebound in economic activity in Norway lost a bit of steam in July, which is in keeping with signs elsewhere in Europe. Nonetheless, given that the plunge in...

8th September 2020 · 2 mins read

Nordic & Swiss Data Response

Switzerland CPI (Aug.)

The current bout of deflation in Switzerland is likely to persist well into next year, and will continue to be a headache for the SNB, particularly given the recent rise in the franc against the US...

3rd September 2020 · 2 mins read

Nordic & Swiss Data Response

Manufacturing PMIs (Aug.)

The positive set of August manufacturing PMIs from Switzerland and the Nordics suggests that the recovery in industrial activity continued over the summer. While the fortunes of industry depend in...

1st September 2020 · 2 mins read

Nordic & Swiss Data Response

Sweden Economic Tendency Indicator (Aug.)

The rise in Sweden’s Economic Tendency Indicator (ETI) in August was smaller than in the previous two months and suggests that although the recovery there continued in Q3, it may already be slowing...

27th August 2020 · 2 mins read

Nordic & Swiss Data Response

Switzerland GDP (Q2)

Data released this morning show that the Swiss economy weathered the crisis comparatively well in the first half of the year. While its fortunes are closely tied to those in the euro-zone, signs that...

27th August 2020 · 3 mins read

Nordic & Swiss Data Response

Norway GDP (Q2)

While Sweden’s light-touch response to Covid has hogged the headlines, data released this morning show that the Norwegian economy outperformed its Nordic cousin in the first half of the year, and is...

25th August 2020 · 2 mins read