Europe Rapid Response German Industrial Production (July) German industrial production rose in July and the outturn for June was revised up suggesting that the sector has been resilient to tariffs after all. But output was still weak by past standards. We... 8th September 2025 · 2 mins read
Europe Rapid Response Swiss CPI (August) Headline inflation was unchanged in August and is still likely to remain close to, but above, zero over the coming months. While today’s data and recent comments by SNB Vice Chairman Antoine Martin... 4th September 2025 · 1 min read
Europe Rapid Response EC Survey (August 2025) August’s business and consumer survey from the European Commission adds to the impression that the damage from higher US tariffs has been limited. Nevertheless, economic growth remains sluggish. 28th August 2025 · 2 mins read
Europe Rapid Response Riksbank Policy Announcement (August 2025) The Riksbank left its policy rate unchanged today, judging that the recent deterioration in the economy does not require a policy response. We think that the economy is likely to recover in the coming... 20th August 2025 · 2 mins read
Europe Rapid Response Swiss Flash GDP (Q2 2025) Growth slowed significantly in Switzerland in the second quarter as tariff front-running eased. The economy is likely to expand only slowly the next couple of quarters as high US tariffs and elevated... 15th August 2025 · 2 mins read
Europe Rapid Response GDP second estimate, Employment (Q2) and IP (June) Data released today confirm that the euro-zone economy expanded at only a modest pace in Q2 and that the labour market is cooling. We are forecasting a temporary pick-up in growth next year as a... 14th August 2025 · 2 mins read
Europe Rapid Response German Industrial Production (June) The sharp drop in German industrial production in June and the big downward revision to the figures for May mean that, rather than holding up well in the face of tariffs as the data previously... 7th August 2025 · 2 mins read
Europe Rapid Response Sweden CPI (July) The increase in Sweden’s CPIF inflation rate to its highest level since the start of 2024 is likely to encourage the Riksbank’s officials to keep the policy rate on hold at their meeting later this... 7th August 2025 · 1 min read
Europe Rapid Response Euro-zone Retail Sales (June 2025) Euro-zone retail sales edged up in June but remained slightly below the peak reached early in the pandemic and well below the pre-pandemic trend. Looking forward, we expect spending growth to remain... 6th August 2025 · 2 mins read
Europe Rapid Response Euro-zone HICP (July 2025) Headline inflation remained at the target in July and core inflation was only a touch higher. Both were broadly in line with the ECB’s forecasts. So there was little in the data to suggest that the... 1st August 2025 · 2 mins read
Europe Rapid Response Euro-zone GDP (Q2 2025) & ESI (July 2025) The slowdown in euro-zone GDP growth in Q2 came as no surprise as the boost from tariff front-running waned. We expect growth to remain weak in the second half of the year . 30th July 2025 · 2 mins read
Europe Rapid Response Germany, France and Italy GDP (Q2 2025) National data available so far suggests that euro-zone GDP growth slowed from 0.6% q/q in Q1 to either 0.1% or 0.0% in Q2, in part due to the reversal of tariff front-running. (Our projection was 0.2%... 30th July 2025 · 2 mins read
