Nordic & Swiss Economic Outlook Sweden to lead the way with monetary tightening Economic prospects are fairly bright in the Nordic and Swiss countries. Switzerland is benefitting from faster growth in the euro-zone, Swedish firms are optimistic about their prospects, and Norway... 21st July 2017 · 1 min read
Europe Economic Outlook Euro-zone will continue to impress The European economies are still in good shape, with the euro-zone benefitting from reduced political uncertainty and high levels of business and consumer confidence. We think that this strong... 19th July 2017 · 1 min read
Nordic & Swiss Economics Update How will the Riksbank react to the strengthening krona? The krona’s recent rise means that exchange rate effects will detract from Swedish inflation in 2018. But with domestic inflation set to rise further above 2%, this should not prevent the Riksbank... 17th July 2017 · 1 min read
Nordic & Swiss Chart Pack Inflation pressures limited apart from in Sweden The latest inflation data for June suggest that underlying price pressures remain subdued in Switzerland and Norway, but continue to build in Sweden. In Switzerland, core inflation, which excludes... 14th July 2017 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Jun.) As underlying inflation is within touching distance of the Riksbank’s target, today’s rise in the krona should be followed by further gains as the remaining doves on the Executive Board come round to... 13th July 2017 · 1 min read
Europe Commercial Property Update Investors moving up the risk curve in Sweden Strong economic growth in Sweden means that, with only a limited quantity of prime product for sale, investors are being pushed up the risk curve in order to get their capital into the market. 7th July 2017 · 1 min read
Nordic & Swiss Data Response Swedish Industrial & Services Production (May) & Serv. PMI (Jun.) While both industrial and services output grew in May, both sectors are set to record weaker growth in Q2 than in Q1. But as the monthly data were a poor guide to GDP growth in Q1, we are inclined to... 5th July 2017 · 1 min read
Nordic & Swiss Economics Update Riksbank drops easing bias from forward guidance By indicating that it no longer expects to cut interest rates, the Riksbank has taken a small step toward monetary policy normalisation. While the Bank indicated that it will continue to guard against... 4th July 2017 · 1 min read
Nordic & Swiss Economics Update Bond yields rise on prospect of tighter global monetary policy Bond yields across the Nordic and Swiss economies increased in June, in line with global market moves following major central bank speeches that prompted investors to bring forward their expectations... 30th June 2017 · 1 min read
Nordic & Swiss Central Bank Watch Riksbank to drop easing bias Since the Riksbank last met in April, underlying inflation has been stronger than expected, international political risks have diminished and economic conditions in Sweden’s trading partners have... 28th June 2017 · 1 min read
Nordic & Swiss Data Response Swedish Economic Tendency Survey (Jun) The Swedish Economic Tendency Indicator points to strong and broad-based growth, consistent with an acceleration in wage growth and a pick-up in underlying inflation. 21st June 2017 · 1 min read
Nordic & Swiss Data Response Swedish & Finnish Labour Force Surveys (May) Swedish employment growth seems set to slow but the unemployment rate should nevertheless drift lower this year after being unchanged in May. And with over one third of firms suffering from a shortage... 20th June 2017 · 1 min read
Nordic & Swiss Chart Pack Decent Q1 for most and surveys bode well for Q2 The latest national accounts data showed that quarterly GDP growth in most of the Nordic and Swiss economies picked up in Q1, led by Finland. The Finnish economy expanded by 1.2% q/q, followed by... 16th June 2017 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (May) Underlying inflation was stronger than expected in May and domestic inflation should rise further from its 63-month high. As this will help to offset any disinflationary impact from a stronger krona... 13th June 2017 · 1 min read
Nordic & Swiss Economics Update The outlook for Nordic and Swiss equities Nordic and Swiss equities have generally performed very well this year, but prospects differ significantly between countries. We expect Norwegian equities to outperform over the next 18 months as oil... 7th June 2017 · 1 min read
Nordic & Swiss Data Response Swedish Industrial & Services Production (Apr.) As April’s surprise drop in Swedish industrial production was probably due to temporary factors, we expect output to rebound in May. And while the hard data have been weaker than the surveys suggested... 7th June 2017 · 1 min read
