Nordic & Swiss Data Response Swedish Consumer Prices (Mar.) Although headline inflation increased to the Riksbank’s target in March, inflation excluding energy remained somewhat weaker. At its April meeting, we expect the Bank to signal that it will raise... 12th April 2018 · 1 min read
Nordic & Swiss Data Response Swedish Private Production (Feb.) Despite February’s rise, Swedish private sector production growth appears to have slowed in Q1. But economic growth should remain healthy this year and inflationary pressures are building, so we still... 5th 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
Europe Commercial Property Update Stockholm capital values set to slide from 2019 Improved short-term prospects in Stockholm will keep office rents in the city amongst the fastest growing European markets in the next few years. However, with yield falls now at an end, total returns... 4th 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 Data Response Sweden Econ. Tend. Survey (Mar.), Trade & PPI (Feb.) The Swedish economy has lost some momentum of late, but growth still looks set to be healthy. And with inflationary pressures gradually rising, we expect the Riksbank to raise interest rates this year... 27th March 2018 · 1 min read
Nordic & Swiss Economics Update The outlook for bonds in Switzerland and the Nordics The Nordic central banks are all moving towards tightening monetary policy, albeit at different speeds. We think that higher interest rates will come first in Sweden, pushing up government bond yields... 20th March 2018 · 1 min read
Nordic & Swiss Chart Pack Inflation outturns weak The latest inflation data in the Nordic countries and Switzerland have generally been quite weak. Indeed, inflation in Switzerland slowed to a five-month low of 0.6% in February. The core rate was... 16th March 2018 · 2 mins read
Nordic & Swiss Data Response Swedish Consumer Prices (Feb.) With Swedish inflation unchanged at a joint 10-month low in February, we see the Riksbank changing its forward guidance next month to signal that it will raise interest rates later than it previously... 14th March 2018 · 1 min read
Nordic & Swiss Economics Update Will Nordic and Swiss equities continue to struggle? After a tough start to 2018, we think that equities in the Nordic countries and Switzerland will continue to struggle over the next couple of years. But their performance will be far from uniform. 7th March 2018 · 1 min read
Europe Commercial Property Update Could Sweden be the canary in the coalmine? With transaction volumes having fallen sharply last year and domestic investors looking further afield for value, stretched valuations in Sweden are likely to mean that prime yields have found a floor... 28th February 2018 · 1 min read
Nordic & Swiss Data Response Sweden, Finland & Denmark GDP (Q4) Sweden, Finland and Denmark all grew strongly in Q4 last year. While growth in Sweden and Finland is likely to outpace that in Demark in 2018, the big picture is that the outlook for each economy is... 28th February 2018 · 1 min read
Nordic & Swiss Data Response Sweden Econ. Tendency Survey (Feb.) & Trade (Jan.) The recent softening of the Economic Tendency Survey suggests that the Swedish economy lost some momentum at the start of 2018. But the survey still implies that growth will remain strong. 27th February 2018 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Jan.) January’s drop in Swedish inflation was entirely due to changes in the weights used to calculate the price index. While inflation looks set to be lower in 2018 than we previously anticipated, the... 20th February 2018 · 1 min read
Nordic & Swiss Economics Update No surprises from cautious Riksbank Given that the Riksbank called time on its net asset purchases just one meeting ago, it was always unlikely that the Bank would make any major policy changes today. In order to test the water ahead of... 14th February 2018 · 1 min read
Nordic & Swiss Chart Pack A robust start to 2018 The official data suggest that the Nordic & Swiss economies recorded fairly mixed performances at the end of last year. So far, only Norway has published national accounts data for Q4. This release... 13th February 2018 · 1 min read
