In Sweden , the week ahead is about industrial data (Wednesday, at 09:30 CET) and not much else. Given positive survey data and the optimistic forward-looking content in the GDP release we expect another strong reading. This said, the significant 6.8% m/m rise in production in October might point to a more subdued reading this time around. Therefore, we intend to concentrate on developments in year-on-year terms.
In Norway , the most important release of the week is Norges Bank's regional network survey. We tentatively suggest that the aggregate output index edged down to 0.7 in November.
Norges Bank will tap the bond markets on Wednesday. We look for yet another tap in the 10Y benchmark bond. It will be the last NGB auction in 2016. The actual announcement of which bond to tap will come later today.
In Denmark , the statistical office publishes foreign trade and current account figures for October on Friday.
Denmark will on Wednesday tap in the usual 2Y and 10Y bonds in the last auction in 2016. The Danish debt office saw little interest at the latest auction and only sold bonds worth DKK805m, well below the DKK2.5bn target. There is a risk that demand could also be lacklustre this time.
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