Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

GDP Numbers In Sweden And Denmark. Labour Market Numbers And NGB Auction

Published 05/25/2015, 01:36 AM
Updated 05/14/2017, 06:45 AM

In Sweden, the week ahead is full of interesting new information and tension is likely to build during the week, culminating with Q1 15 GDP (Friday at 09:30 CEST), where we have pencilled in an outcome at 2.5 % y/y.

In Norway, there is still much uncertainty about the economy, although higher oil prices have greatly reduced the downside risk. The coming week will see a special focus on the two measures of unemployment, which have revealed a gradual deterioration in the labour market recently. In Norway the outlook for core inflation is therefore uncertain, but we are assuming that the annual rate will be unchanged at 2.3%.

Norges Bank is on Wednesday tapping NOK3bn in the May '15 NGB (NST 474). It is only the second tap in the bond this year after the Debt Office has primarily chosen to issue in the long end in the new 10 year.

In Denmark, attention will centre on the preliminary national accounts for Q1. We predict growth of 0.6% q/q, meaning the economy has expanded for seven successive quarters for the first time this millennium. If we are right, Q1 GDP will be 1.9% higher than in Q1 14, assuming no major revisions.

To Read the Entire Report Please Click on the pdf File Below

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.