Nordic & Swiss Economics Weekly Riksbank on hold, Finland coalition talks to drag on The Riksbank is all but certain to keep its repo rate unchanged at -0.25% at its policy meeting next week. Meanwhile, coalition negotiations following last week’s election in Finland are likely to... 18th April 2019 · 1 min read
Nordic & Swiss Economic Outlook In the shadow of the euro-zone Weak growth in the euro-zone overshadows near-term prospects in Switzerland and the Nordics. We expect activity to slow in most countries this year and to stay sluggish in 2020. As a result, price... 18th April 2019 · 1 min read
Nordic & Swiss Economics Weekly Stagnation in Sweden, Norges Bank hawkish Private sector production data for February, released this week, added to the evidence from other indicators that Swedish economic growth slowed sharply at the start of 2019. We think that the Rikbank... 12th April 2019 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Mar.) Swedish inflation data for March, released this morning, lend further support to our view that the Riksbank will keep policy looser for longer than it and investors expect. 11th April 2019 · 1 min read
Nordic & Swiss Chart Pack Signs of stagnation across Scandinavia The latest indicators have added to the evidence that economic growth in much of Scandinavia slowed at the start of 2019. Indeed, after strong finishes to 2018, surveys suggest that GDP in Sweden... 10th April 2019 · 1 min read
Nordic & Swiss Data Response Sweden Private Sector Production (Feb.) The weak private sector production data from Sweden for February suggests that the economy is likely to have flat-lined at best in Q1. With core price pressures expected to remain subdued, we continue... 8th April 2019 · 1 min read
Nordic & Swiss Economics Weekly Manufacturing woes spreading to Switzerland The sharp drop in the manufacturing PMI in Switzerland in March provides the clearest sign yet that the woes in euro-zone industry have spread over the border. Meanwhile, the manufacturing and... 5th April 2019 · 1 min read
Europe Commercial Property Update Stockholm offices deserve renewed attention Our latest forecasts paint a bright picture for Stockholm office returns over the next few years, supported by “lower for longer” bond yields and another upgrade to rental value growth. 2nd April 2019 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Mar.) The manufacturing PMIs for March provide further evidence that the Swiss and Swedish economies made a weak start to 2019. This underlines our view that policymakers there will be in no rush to tighten... 1st April 2019 · 1 min read
Nordic & Swiss Economics Weekly Swedbank under scrutiny, WOW Air collapse The scandal at Swedbank raise questions about transparency, corruption, and the relationship between banks and regulators in Sweden, while the collapse of WOW Air means that the chances of further... 29th March 2019 · 1 min read
Non-Euro Europe Commercial Property Outlook Scandi retail to tread water; full steam ahead in CEE In Scandinavia and Switzerland, retail will be the clear loser over the next few years, whereas Scandinavian office and industrial markets are set to outperform, led by Stockholm. In emerging Europe... 29th March 2019 · 1 min read
Nordic & Swiss Data Response Swedish Economic Tendency Indicator (Mar.) The decline in the Swedish Economic Tendency Indicator (ETI) in March was not as bad as we had feared given the sharp fall in the euro-zone manufacturing PMI last week. But it is still consistent with... 27th March 2019 · 1 min read
Nordic & Swiss Chart Pack Diverging policy paths lend support to the krone Price pressures generally remained subdued in Switzerland and the Nordic economics in February. Core inflation is still stubbornly low in Switzerland and while it is higher in Sweden, it has now been... 19th March 2019 · 1 min read
Nordic & Swiss Central Bank Watch Norges Bank to hike, but rates on hold elsewhere The Norges Bank is all but certain to increase interest rates to 1.0% at its policy meeting next week. In contrast, we expect policymakers in Switzerland and Iceland to leave rates unchanged at their... 14th March 2019 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Feb.) The fall in Swedish inflation in February lends further support to our view that the Riksbank will keep interest rates on hold at least into 2021. In fact, with core price pressures subdued, and a... 12th March 2019 · 1 min read
Nordic & Swiss Economics Weekly Interest rates to be lower for longer The more dovish stance adopted by the ECB at its monetary policy meeting this week suggests that the upside risks to Nordic and Swiss currencies – particularly the franc – will intensify. Indeed, if... 8th March 2019 · 1 min read
