Nordic & Swiss Data Response Swedish GDP (Q1) & Swiss KOF The Swedish economy made a strong start to 2018 and the outlook is positive. Healthy growth is set to drive wage growth gradually higher, prompting the Riksbank to raise interest rates at the end of... 30th May 2018 · 1 min read
Nordic & Swiss Economics Update The implications of Switzerland’s “Vollgeld” referendum A “yes” vote in Switzerland’s sovereign money referendum next month would completely overturn the current monetary system. It would constrain the Swiss National Bank’s approach to monetary policy... 22nd May 2018 · 1 min read
Nordic & Swiss Data Response Norway & Finland GDP (Q1) Norway’s economy did not perform as well in Q1 as the headline growth numbers imply. But we remain optimistic about growth over the rest of the year. Meanwhile, Finland’s economy put in a strong... 15th May 2018 · 1 min read
Nordic & Swiss Chart Pack Growth slowed in Q1, but Q2 should be better Ahead of Q1 GDP releases over the coming weeks, the official monthly data suggest that growth slowed in Switzerland and the Nordics. Indeed, retail sales in Switzerland increased by 0.6% in Q4 last... 11th May 2018 · 1 min read
Nordic & Swiss Data Response Sweden, Norway, Switzerland CPI (Apr.) Easter timing effects distorted April’s inflation data. Looking ahead, inflationary pressure is building in Sweden and, to a lesser extent, in Norway. Inflation is much more subdued in Switzerland. 9th May 2018 · 1 min read
Nordic & Swiss Economics Update Will Swiss and Nordic currencies recoup their losses? The Swiss franc and Nordic currencies have come under pressure this year. While we think that the franc and the Norwegian krone have further to fall, we suspect that the Swedish krona will rebound. 2nd May 2018 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Apr.) April’s manufacturing PMIs provide some reassurance that the Swiss and Norwegian economies bounced back after making slow starts to the year. Sweden’s PMI was quite weak, but other survey indicators... 2nd May 2018 · 1 min read
Nordic & Swiss Data Response Swiss KOF (Apr.) The small rise in the KOF Economic Barometer in April is consistent with continued healthy growth in Switzerland. But with inflation still very weak, we expect the SNB to strong monetary policy... 30th April 2018 · 1 min read
Nordic & Swiss Economics Update Weaker currencies and higher oil prices boost equities Amid escalating international trade tensions, the Nordic and Swiss currencies depreciated across the board in April. Weaker exchange rates helped to give equities a boost, while the main bourses in... 27th April 2018 · 1 min read
Nordic & Swiss Economics Update Will the Swiss franc continue to weaken? The safe haven Swiss franc has depreciated steadily over the past couple of months despite geopolitical worries and rising protectionism. We think that the franc will continue to weaken as the ECB... 25th April 2018 · 1 min read
Nordic & Swiss Economic Outlook Tighter monetary policy on the horizon While the Nordics and Switzerland seem to have made slow starts to 2018, the outlook for these economies is generally pretty bright. Nevertheless, healthy rates of economic growth will push up... 20th April 2018 · 1 min read
Nordic & Swiss Chart Pack Trade fears weigh on Swiss franc and Swedish krona Both the Swiss franc and the Swedish krona have depreciated by almost 1.5% against the euro over the past month. This has left the franc trading at its weakest level since the Swiss National Bank... 13th April 2018 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Mar.) The renewed rise in Swiss inflation in March will be welcomed by the Swiss National Bank. But with pipeline price pressures still very subdued, we doubt that the SNB will alter its ultra-accommodative... 5th April 2018 · 1 min read
Nordic & Swiss Economics Update How did the Nordic & Swiss economies fare in Q1? The activity surveys across the Nordics and in Switzerland generally weakened in Q1. But they were still fairly strong, so on the whole these economies seem to have performed reasonably well in the... 3rd April 2018 · 1 min read
Nordic & Swiss Economics Update Trump concerns weigh on Nordic and Swiss markets In March, equity prices and bond yields in the Nordics and Switzerland were pushed down by concerns about US trade policy, while exchange rate movements were more mixed. Looking ahead, we expect... 29th March 2018 · 1 min read
Nordic & Swiss Data Response Swiss KOF (Mar.) Despite falling in March, the Swiss KOF Economic Barometer is consistent with annual GDP growth remaining fairly healthy. But with inflation subdued, we expect the SNB to keep interest rates on hold... 29th March 2018 · 1 min read
