Nordic & Swiss Data Response Swedish Consumer Prices (Jun.) While core inflation in Sweden edged up once again in June, we expect weak domestic demand to weigh on underlying price pressures over the second half of the year and into 2020. 11th July 2019 · 2 mins read
Nordic & Swiss Economics Update Riksbank bucks the dovish trend The decision by the Riksbank to leave its repo rate on hold at -0.25% this morning came as no surprise, but the fact that it left its (in our view) optimistic forecast for interest rates unchanged... 3rd July 2019 · 3 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Jun.) The Swiss manufacturing PMI for June shows that conditions in the industrial sector have worsened going into H2, while the indicator from Sweden suggests that the economy contracted in the second... 1st July 2019 · 2 mins read
Nordic & Swiss Economics Weekly Swiss-EU spat boils over; Riksbank to lower rate path The dispute between Switzerland and the EU has shifted up a gear but is unlikely to prevent the Swiss franc from rising further this year. Meanwhile, although the Riksbank looks certain to leave its... 28th June 2019 · 5 mins read
Nordic & Swiss Economics Update Riksbank unlikely to cut rates further, for now Investors have slashed their expectations for interest rate hikes in Sweden over the coming years and are now broadly in line with our previously well below consensus view. But while we now forecast... 19th June 2019 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (May) While Swedish inflation surprised on the upside in May, we expect it to fall back as economic growth slows over the coming months. As a result, we are sticking to our dovish view that the Riksbank... 14th June 2019 · 1 min read
Nordic & Swiss Chart Pack GDP growth set to slow in Q2 Q1 GDP data for Switzerland and the Nordic economies were a mixed big and proved the adage that the devil is in the detail. Switzerland and Sweden both posted the same headline growth rate (0.6% q/q)... 12th June 2019 · 1 min read
Nordic & Swiss Economics Weekly Denmark shifts left; NOK to rise despite lower oil price Political news dominated this week, with the left-wing ‘red-bloc’ winning a majority in Denmark’s election and the successful formation of a five-party coalition in Finland – the Rinne Cabinet. On the... 7th June 2019 · 1 min read
Nordic & Swiss Economics Update Just how weak is the Swedish krona? Swedish policymakers are increasingly vocal about their concerns that the sharp sell-off in the krona this year has gone too far. But we find little evidence to support the idea that the currency has... 4th June 2019 · 1 min read
Nordic & Swiss Data Response Swiss CPI & Manufacturing PMIs (May) The morning’s release of inflation and PMI data from Switzerland for May showed that price pressures remain almost entirely absent and that the industrial sector remains in the shadow of the euro-zone... 3rd June 2019 · 1 min read
Nordic & Swiss Economics Weekly GDP growth to fall back in Q2; Danes go to the polls This week was dominated by Q1 GDP data releases, which surprised on the upside in both Switzerland and Sweden. But while the Swiss outcome was a welcome sign, the Swedish figure masked domestic... 31st May 2019 · 1 min read
Nordic & Swiss Data Response Sweden, Finland & Denmark GDP (Q1) Swedish GDP surprised on the upside in Q1 but the outcome masked domestic weakness. With surveys indicating that growth will slow again, and core inflation set to stay subdued, we continue to expect... 29th May 2019 · 1 min read
Nordic & Swiss Data Response Switzerland GDP (Q1) and Swedish ETI (May) Swiss Q1 GDP data released this morning offer some comfort that the Swiss economy has put the weak patch in H2 2018 behind it. But indicators suggest that growth is likely to slow over the rest of... 28th May 2019 · 1 min read
Europe Economics Update Eight quick points about the European elections Projections of the results of the European elections confirm that pro-European parties will continue to have a clear majority in the European Parliament (EP) itself, so little will change at EU level... 27th May 2019 · 1 min read
Nordic & Swiss Economics Weekly Swiss franc set to keep on rising The Swiss franc has strengthened in recent weeks, and we think that this trend will continue over the rest of the year. By contrast, despite the Swedish central bank’s concerns about the krona’s... 24th May 2019 · 1 min read
Nordic & Swiss Chart Pack SEK sell-off and bond market rally have further to run The recent sell-off in the Swedish krona to decade lows against the euro has been driven by a combination of a flare-up in global trade tensions and a dovish shift in the Riksbank’s policy stance. We... 20th May 2019 · 1 min read
