Nordic & Swiss Chart Pack Strong start to the year likely to be sustained In contrast to the euro-zone and UK, the Swiss and Nordic economies grew fairly quickly in Q1. Finland was the top performer, with GDP rising by 1.2% on the quarter. Iceland was hot on its heels... 19th June 2018 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (May) May’s rise in Swedish CPIF inflation primarily reflected stronger energy and food inflation. But with domestic inflationary pressure building, we continue to think the Riksbank will raise rates in... 14th June 2018 · 1 min read
Nordic & Swiss Economics Update Is Italy a worry for Switzerland and the Nordics? Political turmoil in Italy has rocked Swiss and Nordic financial markets over the past few weeks, but the economic fallout is likely to remain limited. That said, if the situation in Italy worsens... 5th June 2018 · 1 min read
Nordic & Swiss Data Response Swedish Private Production (Apr.) April’s rise in private sector production suggests that Sweden’s economy got off to a decent start to Q2. While the construction sector is likely to remain weak, overall we expect the economy to... 5th June 2018 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (May) May’s manufacturing PMIs suggest that the Swiss and Norwegian economies continued to perform well in Q2 after decent starts to the year. Sweden’s PMI was yet again quite weak, but other survey... 1st June 2018 · 1 min read
Nordic & Swiss Data Response Swedish GDP (Q1) & Swiss KOF The Swedish economy made a strong start to 2018 and the outlook is positive. Healthy growth is set to drive wage growth gradually higher, prompting the Riksbank to raise interest rates at the end of... 30th May 2018 · 1 min read
Nordic & Swiss Economics Update Will Swedish wage growth ever pick up? We expect wage growth in Sweden to pick up to around 3% by the end of the year. This should be enough for the Riksbank to start raising interest rates in December. 23rd May 2018 · 1 min read
Nordic & Swiss Chart Pack Growth slowed in Q1, but Q2 should be better Ahead of Q1 GDP releases over the coming weeks, the official monthly data suggest that growth slowed in Switzerland and the Nordics. Indeed, retail sales in Switzerland increased by 0.6% in Q4 last... 11th May 2018 · 1 min read
Nordic & Swiss Data Response Sweden, Norway, Switzerland CPI (Apr.) Easter timing effects distorted April’s inflation data. Looking ahead, inflationary pressure is building in Sweden and, to a lesser extent, in Norway. Inflation is much more subdued in Switzerland. 9th May 2018 · 1 min read
Nordic & Swiss Economics Update Riksbank minutes tinged with hawkish comments The minutes to the Riksbank’s April meeting were slightly hawkish and suggest that the Bank is on track to raise interest rates this year. We think that markets have gone too far in pushing the krona... 8th May 2018 · 1 min read
Nordic & Swiss Data Response Swedish Private Production (Mar.) Swedish private sector production was unchanged in March meaning that growth slowed over Q1 as a whole. Nevertheless, this still implies that GDP expanded at a respectable rate. 4th May 2018 · 1 min read
Nordic & Swiss Economics Update Will Swiss and Nordic currencies recoup their losses? The Swiss franc and Nordic currencies have come under pressure this year. While we think that the franc and the Norwegian krone have further to fall, we suspect that the Swedish krona will rebound. 2nd May 2018 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Apr.) April’s manufacturing PMIs provide some reassurance that the Swiss and Norwegian economies bounced back after making slow starts to the year. Sweden’s PMI was quite weak, but other survey indicators... 2nd May 2018 · 1 min read
Nordic & Swiss Economics Update Weaker currencies and higher oil prices boost equities Amid escalating international trade tensions, the Nordic and Swiss currencies depreciated across the board in April. Weaker exchange rates helped to give equities a boost, while the main bourses in... 27th April 2018 · 1 min read
Nordic & Swiss Economics Update Riksbank delays interest rate rises The Riksbank now expects interest rates to remain unchanged until Q4. We think that the Bank will raise rates gradually this year and next, before adopting a faster pace of tightening in 2020. 26th April 2018 · 1 min read
Nordic & Swiss Economic Outlook Tighter monetary policy on the horizon While the Nordics and Switzerland seem to have made slow starts to 2018, the outlook for these economies is generally pretty bright. Nevertheless, healthy rates of economic growth will push up... 20th April 2018 · 1 min read
