Nordic & Swiss Data Response Sweden Consumer Prices (Jul.) Swedish headline inflation would have fallen further in July had it not been for temporary effects related to car rental prices. And while core inflation edged up from June, against a backdrop of... 12th August 2020 · 2 mins read
Nordic & Swiss Data Response Norway & Denmark Consumer Prices (Jul.) The lagged impact of exchange rate movements will ensure that inflation remains above the Norges Bank’s target throughout the second half of this year. However, this effect will fade in early-2021 and... 10th August 2020 · 2 mins read
Nordic & Swiss Data Response Sweden GDP (Q2) The sharp contraction in the Swedish economy in Q2 confirms that it has not been immune to Covid, despite the government’s well-documented light-touch lockdown. Nonetheless, the economic crunch over... 5th August 2020 · 2 mins read
Nordic & Swiss Data Response Switzerland CPI (July), Manufacturing PMIs (July) Inflation in Switzerland now appears to have troughed, but it is set to remain frustratingly weak over the coming years and a headache for the SNB. Meanwhile, the manufacturing PMIs from July suggest... 3rd August 2020 · 2 mins read
Nordic & Swiss Data Response Switzerland KOF Economic Barometer (July) While the flare-up in cases in Europe is a key downside risk, the sharp increase in the KOF Economic Barometer in July suggests that the Swiss economy continued to bounce back at the start of Q3. 30th July 2020 · 2 mins read
Nordic & Swiss Data Response Sweden Economic Tendency Indicator (July) The rise in Sweden’s Economic Tendency Indicator (ETI) in July suggests the recovery there continued to gather pace at the start of Q3. That said, the rise in consumption appears to be slowing, and... 29th July 2020 · 2 mins read
Nordic & Swiss Data Response Sweden Consumer Prices (Jun.) The pick-up in Swedish inflation in June was a bit larger than expected but it was driven mainly by energy effects and is not a game changer. And while core inflation also edged up from May, against a... 14th July 2020 · 2 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Jun.) Previous falls in the krone will ensure that inflation stays above the Norges Bank’s target throughout H2. Nonetheless, this effect will fade in early-2021 and policymakers will be in no rush to raise... 10th July 2020 · 2 mins read
Nordic & Swiss Data Response Switzerland CPI (Jun.) The lack of price pressures in Switzerland is nothing new, but will ensure that the SNB remains poised to combat bouts of upward pressure on the franc for the foreseeable future. 2nd July 2020 · 2 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Jun.) The manufacturing PMIs from June add to the evidence that activity in Sweden and Norway has recovered comparatively quickly, but suggest that Swiss manufacturing is taking longer to find its feet. 1st July 2020 · 2 mins read
Nordic & Swiss Data Response Switzerland KOF (Jun.), Retail Sales (May) The underwhelming increase in the KOF Economic Barometer in June is at odds with the chunky rise in the euro-zone PMIs. Nonetheless, the surge in Swiss retail sales in May shows that the economy has... 30th June 2020 · 2 mins read
Nordic & Swiss Data Response Sweden Consumer Prices (May) The rise in Swedish inflation in May ties in with signs that the economy has got off comparatively lightly by virtue of its light-touch lockdown. That said, the May figure was skewed in part by... 11th June 2020 · 2 mins read
Nordic & Swiss Data Response Norway Consumer Prices (May) Recent falls in the krone contributed to the pick-up in core inflation in Norway in May, but this effect is likely to fade in H2. Accordingly, the Norges Bank will be in no rush to tighten monetary... 10th June 2020 · 2 mins read
Nordic & Swiss Data Response Switz. CPI (May), Sweden Priv. Sector Prod. (Apr.) The further decline in Swiss inflation in May came as no surprise, but April’s private sector production data from Sweden add to signs that the economy has reaped some benefit from its light-touch... 4th June 2020 · 2 mins read
Nordic & Swiss Data Response Switzerland GDP (Q1) The sharp fall in Swiss GDP is Q1 was in line with the general pattern seen in other countries, and Q2 is set to be much worse. However, now that lockdown restrictions have been eased, we suspect that... 3rd June 2020 · 3 mins read
Nordic & Swiss Data Response Manufacturing PMIs (May) The partial recoveries in the manufacturing PMIs in May offer encouragement that activity is recovering now that lockdowns have been eased. 2nd June 2020 · 2 mins read
