Nordic & Swiss Economics Update Brighter outlook for the Norwegian krone next year Although the Norwegian krone has been the worst performing G10 currency so far in 2020, we expect it to make up some lost ground in 2021 even if it falls a bit more in the near term. 29th September 2020 · 3 mins read
Non-Euro Europe Commercial Property Outlook Scandi & Swiss: Virus seals dominance of industrials Investment activity and rents have felt the impact of the virus, with the retail sector bearing the brunt. Indeed, after falling by around 2% this year, we think that Scandinavian retail rents will... 28th September 2020 · 18 mins read
Nordic & Swiss Economics Weekly Fighter jets, wolves, and immigration While Sunday’s vote on restricting freedom of movement between Switzerland and the EU seems unlikely to pass, it puts the strained relations between the Swiss government and the EU back in focus. Next... 25th September 2020 · 6 mins read
Nordic & Swiss Economics Update SNB & Norges Bank cook up no change, two ways The fact that policymakers at the SNB and the Norges Bank left policy settings unchanged this morning came as no surprise. Both banks are likely to leave policy unchanged throughout our forecast... 24th September 2020 · 3 mins read
Nordic & Swiss Economics Weekly Policymakers to keep their powder dry next week The three scheduled policy meetings next week are unlikely to result in any changes to policy settings. However, we would not be surprised to see the Norges Bank bring forward the projected start-date... 18th September 2020 · 4 mins read
Nordic & Swiss Central Bank Watch SNB to hold again; Norges Bank set for hawkish shift We expect the Swiss National Bank and the Norges Bank to both leave their policy settings unchanged next Thursday (24th September). But while the former will no doubt sound as dovish as ever... 17th September 2020 · 6 mins read
Nordic & Swiss Central Bank Watch Riksbank to keep policy settings on hold next week After a tweak-laden last policy meeting, the Riksbank is likely to maintain the status quo next Tuesday (22nd September). While there is no burning platform for policy change, we think that the next... 15th September 2020 · 5 mins read
Nordic & Swiss Chart Pack Norway’s fading rebound a warning sign for others Given Norway’s decision to re-open its economy comparatively early, its post-lockdown experience has been watched closely for clues as to how other economies could expect to fare. The latest monthly... 11th September 2020 · 5 mins read
Nordic & Swiss Economics Weekly Norges Bank unlikely to tighten anytime soon While core inflation in Norway rose even further above the Norges Bank’s target in August, things will soon look very different as the inflationary impact of previous falls in the krone fades and goes... 11th September 2020 · 4 mins read
Nordic & Swiss Data Response Norway & Sweden Consumer Prices (Aug.) Signs of rising domestic price pressures in Norway raise the chance of a hawkish shift by the Norges Bank at the next meeting. However, with imported price inflation set to peak soon, and services... 10th September 2020 · 2 mins read
Nordic & Swiss Data Response Norway GDP (Jul.) Data released this morning show that the rebound in economic activity in Norway lost a bit of steam in July, which is in keeping with signs elsewhere in Europe. Nonetheless, given that the plunge in... 8th September 2020 · 2 mins read
Nordic & Swiss Economics Weekly Riksbank shrugs off krona surge The Swedish krona has risen the most of any G10 currency against the US dollar this year, but its trade-weighted index is not particularly strong, so policymakers don’t seem to be losing much sleep... 4th September 2020 · 6 mins read
Europe Commercial Property Update Oslo offices to suffer despite economic outperformance Although the Norwegian economy is set to contract less sharply than most of Europe this year, the fact that weakness in occupier demand has occurred alongside a large boost to supply means that Oslo... 2nd September 2020 · 3 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Aug.) The positive set of August manufacturing PMIs from Switzerland and the Nordics suggests that the recovery in industrial activity continued over the summer. While the fortunes of industry depend in... 1st September 2020 · 2 mins read
Nordic & Swiss Economics Weekly KOF hits decade-high; retail sugar-rush starting to fade The Swiss economy contracted by more than those in the Nordics in the first half of the year but appears to have rebounded strongly in the third quarter. Rising virus cases in the country are... 28th August 2020 · 5 mins read
Nordic & Swiss Economics Update Nordics top the class with their virus responses While Sweden’s economy got off relatively lightly in H1 thanks to the light-touch lockdown, Norway and Finland saw even smaller falls in activity at a lower human cost. Nonetheless, the success of the... 26th August 2020 · 4 mins read
