Europe Chart Pack Second wave hitting growth prospects The reimposition of coronavirus restrictions has caused the recovery to stall – if not go into reverse in many countries – with France and Spain most affected. There are tentative signs that the... 7th October 2020 · 12 mins read
Europe Economics Update Second wave a growing threat to the recovery The number of confirmed virus cases in the euro-zone has continued to increase rapidly in recent weeks and poses a growing threat to the economic recovery. Some countries, including Italy and Germany... 23rd September 2020 · 4 mins read
Europe Data Response EC Consumer Confidence (Sep.) Even though virus cases are rising sharply and restrictions are being tightened, euro-zone consumer confidence rose in September. But we doubt this will be sustained. Further restrictions are being... 22nd September 2020 · 2 mins read
Europe Data Response Euro-zone Labour Costs (Q2) The jump in nominal hourly labour costs growth in Q2 is hardly a sign of a healthy labour market as total hours worked slumped by even more than employee compensation. The pick-up in activity since... 15th September 2020 · 2 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
Europe Chart Pack Recovery slows and inflation turns negative The rebound phase has now come to an end. Retail sales declined in July and both the business surveys and high frequency data suggest that economic activity levelled off in August. Of course, the... 4th September 2020 · 12 mins read
Europe Data Response EC Survey (August) The increase in the EC’s Economic Sentiment Indicator (ESI) for August was smaller than in the previous two months and left it well below its February level, while the index for Spain actually fell... 28th August 2020 · 2 mins read
Nordic & Swiss Data Response Sweden Economic Tendency Indicator (Aug.) The rise in Sweden’s Economic Tendency Indicator (ETI) in August was smaller than in the previous two months and suggests that although the recovery there continued in Q3, it may already be slowing... 27th August 2020 · 2 mins read
Nordic & Swiss Economics Weekly Denmark outperforms in Q2 News that Danish GDP contracted by 7.4% q/q in Q2 leaves us happy with our forecast that it will fall by only around 3% this calendar year – a much smaller contraction than we expect in the euro-zone... 14th August 2020 · 4 mins read
Nordic & Swiss Chart Pack Recovery on track after comparatively shallow slump Compared to many of the larger euro-zone countries, the coronavirus remains relatively well under control in the Nordic countries and Switzerland. With the exception of Denmark, there are at this... 13th August 2020 · 5 mins read
Nordic & Swiss Data Response Sweden Consumer Prices (Jul.) Swedish headline inflation would have fallen further in July had it not been for temporary effects related to car rental prices. And while core inflation edged up from June, against a backdrop of... 12th August 2020 · 2 mins read
Europe Economics Update Virus restrictions weigh on Portugal’s recovery The re-imposition of some restrictions in late-June is weighing heavily on Portugal’s tourism sector. Along with its unfavourable labour market structure and fragile banking system, this will hold... 3rd August 2020 · 4 mins read
Nordic & Swiss Data Response Sweden Economic Tendency Indicator (July) The rise in Sweden’s Economic Tendency Indicator (ETI) in July suggests the recovery there continued to gather pace at the start of Q3. That said, the rise in consumption appears to be slowing, and... 29th July 2020 · 2 mins read
Europe Data Response EC Consumer Confidence (July) The small fall in euro-zone consumer confidence in July is consistent with the message from high frequency data that the recovery in spending may already be slowing. 23rd July 2020 · 2 mins read
Nordic & Swiss Economic Outlook Nordics set for shallowest recessions in Europe The Nordic economies have weathered the Covid crisis comparatively well, and if our above-consensus forecasts for GDP growth this year prove accurate, the region will see some of the smallest falls in... 21st July 2020 · 12 mins read
Europe Economic Outlook Slow and uneven recovery The economy has partially recovered from the impact of the coronavirus containment measures imposed earlier in the year, but it will be a long time before it gets back to normal. Even if there are no... 21st July 2020 · 36 mins read
