Europe Rapid Response Euro-zone Retail Sales (August 2024) Euro-zone retail sales edged up in August but were still below their level in May. The big picture is that overall consumption growth is likely to remain subdued. 7th October 2024 · 2 mins read
Europe Rapid Response Swiss CPI (September) The unexpectedly sharp fall in Switzerland’s headline and core inflation in September will cement the SNB’s dovish stance and supports our view that the Bank will cut its key policy rate by at least... 3rd October 2024 · 2 mins read
Europe Rapid Response Euro-zone HICP (September 2024) The drop in euro-zone headline inflation below 2% in September should be sufficient to persuade the ECB to cut rates in October, even though services inflation remained high. 1st October 2024 · 2 mins read
Europe Rapid Response France & Spain HICP (September 2024) September’s inflation data from France and Spain all but confirm that the headline rate in the euro-zone as a whole – released next week – will show a sharp decline to below the 2% target. 27th September 2024 · 2 mins read
Europe Rapid Response Swiss National Bank Policy Meeting (Sept. 2024) The SNB’s decision to cut its policy rate by 25bp to 1.0% today shows that it prefers a gradual approach to policy loosening, but the accompanying statement indicates clearly that further cuts are on... 26th September 2024 · 2 mins read
Europe Rapid Response Riksbank Policy Announcement (September 2024) 25th September 2024 · 2 mins read
Europe Rapid Response Germany Ifo Survey (September 2024) The fall in the German Ifo in September adds to the evidence that the German economy is back in recession. With growth in the rest of the euro-zone also slowing, the likelihood of a rate cut by the... 24th September 2024 · 2 mins read
Europe Rapid Response Flash Euro-zone PMIs (Sep. 2024) The big decline in the euro-zone Composite PMI suggests that the economy is slowing sharply, that Germany is in recession and that France’s Olympics boost was just a blip. 23rd September 2024 · 2 mins read
Europe Rapid Response ECB Policy Announcement (September 2024) There was never any doubt that the ECB would cut its deposit rate by 25bp today, to 3.5%. Otherwise, the policy statement is largely as expected and does not change our view that the ECB will probably... 12th September 2024 · 2 mins read
Europe Rapid Response Germany Industrial Production (Jul.) The big drop in German industrial production in July adds to the sense that the sector is facing a deep crisis and that, having contracted in Q2, the German economy may fall back into a technical... 6th September 2024 · 2 mins read
Europe Rapid Response Euro-zone Retail Sales (July 2024) Retail sales increased by 0.1% in July, and we expect them to rise further in the coming months, though at only a fairly modest pace. 5th September 2024 · 2 mins read
