Nordic & Swiss Data Response Swiss KOF & Swedish Economic Tendency Indicators (Aug.) Falls Although surveys of overall economic sentiment in both Switzerland and Sweden fell in August, they still point to a healthy pace of GDP growth in both countries. But with inflation much stronger in... 30th August 2017 · 1 min read
Nordic & Swiss Data Response Norway GDP & Swiss Ind. Prod. (Q2) & Sweden Unemploy’t (Jul.) Norway’s mainland economy recorded another strong expansion in Q2 and forward-looking indicators suggest that the recovery will continue to gain pace. But with inflation set to fall further, we doubt... 24th August 2017 · 1 min read
Nordic & Swiss Economics Update Swiss wage growth to stay low despite unemployment falls The decline in Swiss unemployment in Q2 shows that improving economic conditions are continuing to feed through to the labour market. While we expect unemployment to fall further, we doubt that this... 17th August 2017 · 1 min read
Nordic & Swiss Chart Pack Geopolitical tensions halt Swiss franc’s slide The Swiss franc has had a rocky ride over the past month. In late July, it depreciated sharply to SFr1.15 to the euro, its lowest level since January 2015 when the Swiss National Bank abandoned its... 11th August 2017 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Jul.) The Swiss National Bank (SNB) will be disappointed that July’s small rise in core inflation was driven by imported rather than domestically-produced products. As inflation expectations are consistent... 7th August 2017 · 1 min read
Nordic & Swiss Data Response Swedish GDP (Q2) & Swiss KOF (Jul.) Sweden’s exceptionally strong GDP growth was driven entirely by domestic demand and highlights the need for monetary policy normalisation. Meanwhile, July’s rise in the Swiss KOF points to a pick-up... 28th July 2017 · 1 min read
Nordic & Swiss Economics Update Mixed performances for Nordic and Swiss currencies After fairly big rises in yields in June, July was a quieter month for Nordic & Swiss government bonds. There was more action in the currency market, with the Norwegian krone and Swedish krona rising... 27th July 2017 · 1 min read
Nordic & Swiss Economic Outlook Sweden to lead the way with monetary tightening Economic prospects are fairly bright in the Nordic and Swiss countries. Switzerland is benefitting from faster growth in the euro-zone, Swedish firms are optimistic about their prospects, and Norway... 21st July 2017 · 1 min read
Europe Economic Outlook Euro-zone will continue to impress The European economies are still in good shape, with the euro-zone benefitting from reduced political uncertainty and high levels of business and consumer confidence. We think that this strong... 19th July 2017 · 1 min read
Nordic & Swiss Chart Pack Inflation pressures limited apart from in Sweden The latest inflation data for June suggest that underlying price pressures remain subdued in Switzerland and Norway, but continue to build in Sweden. In Switzerland, core inflation, which excludes... 14th July 2017 · 1 min read
Nordic & Swiss Data Response Swiss Consumer Prices (Jun.) The fall in Swiss inflation in June largely reflected lower energy prices. With core inflation holding close to zero, the SNB will stick to its ultra-loose policy stance over the next couple of years. 6th July 2017 · 1 min read
Nordic & Swiss Economics Update Will Nordic and Swiss bond yields keep rising? Government bond yields in the Nordic and Swiss economies have risen recently, and for the most part we expect this to continue. Yields in Sweden are likely to rise the furthest, while those in... 3rd July 2017 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Jun.) The Nordic and Swiss PMIs strengthened in June, pointing to faster manufacturing growth. The Swedish survey suggests that inflation will fall, probably reflecting energy effects. But we still expect... 3rd July 2017 · 1 min read
Nordic & Swiss Economics Update Bond yields rise on prospect of tighter global monetary policy Bond yields across the Nordic and Swiss economies increased in June, in line with global market moves following major central bank speeches that prompted investors to bring forward their expectations... 30th June 2017 · 1 min read
Nordic & Swiss Data Response Swiss KOF Economic Barometer (Jun.) June’s rebound in the Swiss KOF Economic Barometer leaves it consistent with a pickup in annual GDP growth to around 2%. But with inflation still very low, we expect the SNB to keep the stance of... 30th June 2017 · 1 min read
Nordic & Swiss Chart Pack Decent Q1 for most and surveys bode well for Q2 The latest national accounts data showed that quarterly GDP growth in most of the Nordic and Swiss economies picked up in Q1, led by Finland. The Finnish economy expanded by 1.2% q/q, followed by... 16th June 2017 · 1 min read
