Nordic & Swiss Chart Pack Nordic economies outperforming the euro-zone The various high-frequency data series that we have been following in our Recovery Trackers have indicated that activity in the Nordic economies has picked up sharply over the past three months... 13th July 2020 · 5 mins read
Europe Chart Pack Surge in bank lending unlikely to last Euro-zone bank lending growth has jumped in recent months, as firms borrowed to tide themselves over while their revenues collapsed during lockdown. (See Chart 1.) At the same time, banks’ willingness... 7th July 2020 · 12 mins read
Europe Data Response Euro-zone Retail Sales (May), Spain Ind. Prod. (May) Euro-zone retail sales rebounded sharply in May, but spending will still have collapsed in Q2 as other types of spending remained weak. Meanwhile, industrial production is recovering more slowly. 6th July 2020 · 2 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Jun.) The manufacturing PMIs from June add to the evidence that activity in Sweden and Norway has recovered comparatively quickly, but suggest that Swiss manufacturing is taking longer to find its feet. 1st July 2020 · 2 mins read
Europe Economics Update Greece faring better than we had feared While the Greek economy is set to slump this year, it is becoming increasingly clear that the drop in activity will be much less severe than we previously anticipated. We now think that the Greek... 25th June 2020 · 4 mins read
Europe Data Response EC Consumer Confidence (June) Consumer confidence in the euro-zone increased for the second consecutive month in June, adding to the evidence that household consumption rebounded sharply after the lockdowns were eased. 22nd June 2020 · 3 mins read
Nordic & Swiss Chart Pack Nordic economies closer to ‘normal’ than most The latest high frequency data indicate that economic activity in the Nordic economies has continued to recover in recent weeks, with trips to shops and restaurants now close to pre-crisis levels in... 12th June 2020 · 5 mins read
Europe Chart Pack Policymakers getting their act together The latest high frequency data show that economic activity has picked up a bit in the past few weeks. Consumers have been returning to the shops and restaurants. But some sectors such as tourism and... 5th June 2020 · 13 mins read
Europe Data Response Euro-zone Retail Sales (Apr.) April’s euro-zone retail sales data confirm that household consumption growth took a beating at the start of the second quarter. There should be a sharp, though partial, rebound in May as lockdowns... 4th June 2020 · 3 mins read
Europe Data Response EC Survey (May) The very small increase in the euro-zone Economic Sentiment Indicator in May adds to the evidence that the euro-zone economy bottomed out in April, but that activity is recovering only very slowly. 28th May 2020 · 2 mins read
Europe Economics Update Post-lockdown lessons from Denmark Economic activity in Denmark appears to have clawed back about one-third of its virus-related fall since the government started to ease restrictions in mid-April, with activity probably about 7.5%... 21st May 2020 · 4 mins read
Europe Data Response EC Consumer Confidence (May) Consumer confidence rose slightly in May, suggesting that households are a little less depressed about their prospects and the wider economic outlook than they were in April. Nonetheless, the index... 20th May 2020 · 3 mins read
Nordic & Swiss Chart Pack Denmark ahead on the long road back to normality The estimates of Q1 GDP that have been released so far have been subject to all manner of health warnings and are liable to be revised, potentially significantly, over the coming quarters. Nonetheless... 14th May 2020 · 5 mins read
Europe Data Response Euro-zone Industrial Production (Mar.) The slump in euro-zone industrial output in March came as no surprise given the extremely weak national data already published. Worse is to come in April before the sector begins to gradually recover. 13th May 2020 · 2 mins read
Europe Chart Pack Past the worst, but recovery slow and bumpy Governments have taken their first steps towards lifting the restrictions which caused the economy to collapse in the past few weeks. As a result, high frequency indicators show some people returning... 6th May 2020 · 12 mins read
Europe Economics Update Covid-19 pulls rug from under Greek recovery Just as the Greek economy was getting back on its feet the coronavirus pulled the rug from under it. And while the government’s generous fiscal support will cushion the blow, it also raises questions... 5th May 2020 · 7 mins read
