Economic Research

Sweden: Dovish members increase probability of rate cuts (22 May 2013) Denmark: Consumer confidence still negative (22 May 2013) Denmark: Upswing in Copenhagen – growth crisis in the provinces (21 May 2013) Denmark: Stable labour market despite growth crisi (21 May 2013) Euro: Lowest inflation since early 2010 (16 May 2013) Norway: Norway is defying European gloom (16 May 2013) Euro area: Only Germany escaped recession in Q1 (15 May 2013) Sweden - Low inflation makes outcome of July rate meeting uncertain (14 May 2013) Global overview: Who controls the central banks? (14 May 2013) Denmark: Lowest inflation since 2004 (13 May 2013) Denmark: Bankruptcies declined considerably, but ... (6 Maj 2013) Denmark: Stable trend in forced sales (6 May 2013) Norway: Norges Bank preview (3 May 2013) Euro area: ECB opens the door for negative deposit rates (2 Maj 2013) Denmark: Decent rise in house prices in February (2 Maj 2013) Sweden: PMI back below 50 (2 May 2013) USA: A slightly more balanced FOMC statement (2 May 2013) USA: ISM confirms loss of momentum in US economy (1 May 2013) Sweden: Data support view of moderately positive growth in Q1 (1 May 2013) Denmark: Unemployment at lowest level since December 2009 Norway - Data support view of steady rates at next week's meeting (30 April 2013) United States: FOMC preview (30 April 2013) Euro area: ECB preview (29 April 2013) Denmark: Danish growth plan does not lift debt crisis blues (29 April 2013) Denmark: Homeowners gradually abandon ARMs with 1Y funding (24 April 2013) Sweden: Both unemployment and employment are trending upwards (23 April 2013) Denmark: Tax cuts lower CPI – NPI unchanged (22 April 2013) Denmark: Consumer confidence unaffected by growth package and tax cuts (22 April 2013) Sweden: Surprisingly soft Riksbank (17 April 2013) Sweden: Uneventful rate meeting (15 April 2013) Denmark: Largest increase in housing supply for nearly two years (12 April 2013) Sweden: Inflation back on the Riksbanks path (11 April 2013) Denmark: Lowest inflation for more than three years (10 April 2013) Sweden: Weakness in industry now appears less conspicuous (10 April 2013) Denmark: Exports are bobbing up and down (9 April 2013) Sweden: March CPI preview (8 April 2013) Norway: Continued moderate growth in manufacturing production (8 April 2013) Denmark: Undramatic trend in forced sales (5 April 2013) Sweden: Moderate growth in service production (5 April 2013) Euro area: No surprises from the ECB (4 April 2013) Denmark: Gloomy GDP figures with small bright spots (4 April 2013) Denmark: Fair growth in net household wealth (4 April 2013) Norway: Retail sales suggest a pickup of consumption in Q1 (4 April 2013) Norway: LFS continues to paint a weakening of the labour market (3 April 2013) Euro area: ECB preview (3 April 2013) Denmark: Unemployment down by 5,000 since October 2012 Sweden: Strong indicators are strengthening the SEK (27 March 2013) Euro area: Cypriot repercussions (26 March 2013) Euro area: Cypriot bailout deal adopted (25 March 2013) Denmark: Large temporary public budget deficit (25 March 2013) Germany: Ifo deteriorates slightly after four months with notable gains (22 March 2013) Euro area: Sentiment is turning south (21 March 2013) United States: FOMC keeps its foot on the accelerator (21 March 2013) Euro area: Agony prolonged in Cyprus (20 March 2013) United States: FOMC preview (19 March 2013) Denmark: Challenged housing market stabilisation (18 March 2013) Euro area: Bail-in of Cypriot banks (18 March 2013) Denmark: Unilateral interest rate hike postponed (15 March 2013) Norway: Drastic lowering of rate path (14 March 2013) Sweden: Unemployment keeps rising – but underlying components are decent (14 March 2013) Denmark: More flats for sale for the first time in 18 months (13 March 2013) Denmark: Exports off to a good start in 2013 (11 March 2013) Denmark: Lowest inflation for three years (11 March 2013) Sweden: February CPI preview (11 March 2013) Sweden: The industrial sector remains fragile (8 March 2013) Euro area: Draghi stays the course (7 March 2013) Denmark: Bankruptcy level not affected by growth crisis (6 March 2013) Sweden: Rate cutting cycle has ended (6 March 2013) Denmark: House prices trended lower in late 2012 (6 March 2013) Denmark: Number of forced sales down (6 March 2013) Denmark: Unilateral interest rate increase shelved (5 March 2013) Euro area: Preview ECB (5 March 2013) Sweden: Q4 GDP report much better than feared (1 March 2013) Sweden: PMI adds to evidence that growth turned positive in Q1 (1 March 2013) Denmark: Fall in both unemployment and GDP (1 March 2013) Sweden: Cautios improvement of retail sales (28 February 2013) Denmark: 2013 opened with new interest rate falls (27 February 2013) Sweden: Minutes confirm our view that rates have bottomed out (26 February 2013) Denmark: Inventory reduction raises risk of negative growth (25 February 2013) Euro money market: EUR money market curve continues to flatten (22 February 2013) Sweden: Sentiment is recovering (22 February 2013) Sweden: The labour market remains surprisingly resilient (19 February 2013) UK: No taming the RPI (19 February 2013) Sweden: January CPI preview (18 February 2013) Denmark: 2013 began by another decline in housing supply (13. februar 2013) Sweden: Riksbank on hold (13 February 2013) FX: Sell EUR/SEK before interest rate meeting on 13 February (12 February 2013) Italy: Berlusconi narrows gap to Bersani (8 February 2013) Sweden: Industrial activity is stabilizing (8 February 2013) Euro area: ECB stays on hold (7 February 2013) Global overview: Accelerating upturn (5 February 2013) Sweden: Growth returns to the service sector (5 February 2013) Euro money market: Rate increases overdone (5 February 2013) Euro area: ECB preview (5 February 2013) Denmark: January currency reserves down (4 February 2013) Sweden: PMI stabilises (1 February 2013) Denmark: Unemployment to rise slightly (31 January 2013) USA: Silence before the storm at the Federal Reserve (31 January 2013) Norway: Slower growth in retail sales no reason for concern (31 January 2013) Denmark: New decline in homeowners' arrears ratio (30 January 2013) Norway: Labour market report much weaker than expected (30 January 2013) Sweden: Sentiment data a mixed bag (30 January 2013) Sweden: Data still in line with marked GDP contraction in Q4 (28 January 2013) Denmark: New record for interest rate levels in 2012 (28 January 2013) Denmark: Unilateral interest rate hike a reality (24 January 2013) Finland: Fragile economy – but global upswing provides hope (24 January 2013) Sweden: Low unemployment lowers prospects of a rate cut in February (24 January 2013) Denmark: January consumer confidence slightly up (23 January 2013) FX: NOK and SEK underpinned by global recovery (22 January 2013) Denmark: Danish borrowers slowly abandoning ARMs with 1Y funding (22 January 2013) Revised interest rate forecasts (18 January 2013) Nordic countries: Much more AAA (16 January 2013) Italy: Three coalitions battling for power (16 January 2013) Germany: Growth in 2012 (15 January 2013) Denmark: Lowest supply of flats since 2006 (15 January 2013) Denmark: Danmarks Nationalbank may surprise with a rate hike (14 January 2013) France: Minor labour market reforms (14 January 2013) Euro area: ECB predicts improved economy later in the year (10 January 2013) Sweden: Production indicates sharp decline in activity in Q4 (10 January 2013) Sweden: Inflation somewhat higher than expected (10 January 2013) Norway: Consumption prospects remain robust (9 January 2013) Euro area: ECB preview (9 January 2013) Denmark: Continued stable housing price trends (7 January 2013) Denmark: Decline in forced sales (7 January 2013) Denmark: Marked increase in bankruptcies (7 January 2013) Norway: Strong labour market despite softening (7 January 2013) Sweden: December CPI preview (4 January 2013) Norway: PMI continues to indicate moderate expansion Denmark: Slight decline in housing prices (19 December 2012) Norway: Norges Bank on hold – unchanged prospects for rate path (19 December 2012) Sweden: Stabilisation – but sentiment remains depressed (19 December 2012) Sweden: Unchanged rates after today's cut (18 December 2012) Norway: Norges Bank preview (18 December 2012) Denmark: Slight decline in housing supply (14 December 2012) Sweden: Riksbank preview (14 December 2012) Denmark: Government lowers expectations for Danish economy (13 December 2012) United States: Much more stimulus (13 December 2012) Sweden: High unemployment strengthens case for a cut next week (13 December 2012) Sweden: Inflation continues to undershoot Riksbank projections (13 December 2012) Sweden: November CPI preview (11 December 2012) Denmark: Exports hit by declining global growth (10 December 2012) Denmark: Largest decline in real wages since 1989 (10 December 2012) Euro area: The ECB cuts … growth forecasts (6 November 2012) Denmark: Stable number of forced sales in November (6 December 2012) Denmark: Stable trend in bankruptcies (6 November 2012) Denmark: Solid confidence in fixed-rate policy ensures stable DKK (5 December 2012) Denmark: Debit card purchasing still rising (5 December 2012) Sweden: The service sector is slowing (5 December 2012) Finland: In recession (5 December 2012) Euro area: ECB preview (5 December 2012) Norway: Data keep indicating robust activity (3 December 2012) Sweden: PMI remains in the doldrums (3 December 2012) Denmark: Recession narrowly escaped ... (30 November 2012) Norway: Weak retail sales no reason for concern (30 November 2012) Germany: Still economic growth driver in the euro area (29 November 2012) Denmark: Unemployment slightly up (29 November 2012) Sweden: Decent growth in Q3 (29 November 2012) Sweden: Sentiment at recession levels (27 November 2012) Sweden: Moderate growth in Q3 (26 November 2012) Norway: Norway keeps defying European gloom (20 November 2012) Sweden: Upward trend in unemployment is intact (15 November 2012) Denmark: Steady decline in housing supply (13 November 2012) Denmark: Inflation on the wane (12 November 2012) Sweden: October CPI preview (12 November 2012) Sweden: Weak production suggests flat growth in Q3 (9 November 2012) Denmark: Exports displaying signs of weakness (9 November 2012) Finland: Production on a slight downward trend (9 November 2012) Euro area: No news from the ECB (8 November 2012) Norway: Trend in production remains positive (7 November 2012) Denmark: Growth crisis has no effect on forced sales (6 November 2012) Euro area: ECB preview (6 November 2012) Denmark: Currency reserves unchanged in October (5 November 2012) Denmark: New gloom over manufacturing (30 October 2012) Norway: Norges Bank preview (29 October 2012) Sweden: Strong retail sales support view of positive growth in Q3 (29 October 2012) Denmark: Danish housing market confidence defies economic gloom (29 October 2012) Sweden: Unchanged rates, lowered rate path (25 October 2012) Sweden: Pessimism continues to dominate (24 October 2012) Denmark: Disappointing consumer confidence (23 October 2012) Sweden: Ahead of the Riksbank meeting (23 October 2012) Sweden: The labour market softening continues (18 October 2012) Denmark: Kick-start finally boosts construction employment (12 October 2012) Finland: Household consumption continues on a weak note (12 October 2012) Norway: Core CPI a little higher than expected (10 October 2012) Sweden: Surprising increase in production (10 October 2012) Finland: Production continues its flattish trend (10 October 2012) Denmark: 2012 has seen stable house prices (8 October 2012) Sweden: September CPI preview (8 October 2012) ECB: no news (4 October 2012) Denmark: Debit card purchasing starting to stir (4 October 2012) Denmark: Forced sales slightly down in September (4 October 2012) Denmark: Slight decline in currency reserves (3 October 2012) Euro area: Preview ECB (3 October 2012) Sweden: Pessimism predominates (2 October 2012) Denmark: Slight rise in house prices (2 October 2012) Denmark: Gloomy GDP figures with a few bright spots (28 September 2012) Denmark: Large temporary public budget deficit (24 September 2012) Sweden: An expansionary budget (20 September 2012) Denmark: Housing prices remain stable (17 September) United States: Helicopter Ben (14 September 2012) Sweden: Large downward revisions of Q2 GDP (14 September) Netherlands: Election victory for established parties (13 September 2012) Sweden: Unemployment rose more than expected (13 September 2012) Sweden: Inflation surprises on the downside (13 September 2012) Euro area: More time for Portugal (12 September 2012) Euro area: How lenient will the conditions for Spain be? (10 September 2012) Sweden: Production continues to surprise on the upside (10 September 2012) Sweden: August CPI preview (10 September 2012) Sweden: 25bp rate cut due to SEK strength (6 September 2012) Denmark: Housing market staves off growth crisis (6 September 2012) Norway: Industrial activity is slowing (5 September 2012) Netherlands: Merkel's allies under pressure (5 September 2012) Denmark: Negative rates block currency reserves increase (5 September 2012) Finland: Broad-based decline in Q2 GDP (05 September 2012) Denmark: Continued stabilisation in housing market (4 September 2012) Spain: Rajoy's Catalan trouble (3 September 2012) Sweden: Weak Europe and strong SEK become evident (3 September 2012) Denmark: Wage competitiveness still improving (3 September 2012) Sweden: Riksbank preview (3 September 2012) Finland: Growth is coming to a halt (30 August 2012) Denmark: Pessimism continues into Q3 (30 August 2012) Denmark: Unemployment still on the rise (30 August 2012) Norway: Steady rates as widely expected (29 August 2012) Sweden: So far no evidence of negative growth in Q3 (29 August 2012) Denmark: Budget proposal reveals positive view of Danish economy (27 August 2012) Sweden: Decent retail sales, but lending continues to slow (27 August 2012) Denmark: Inventory value data indicate increased risk of negative GDP growth (24 August 2012) Denmark: Consumer confidence is zero (23 August 2012) Norway: Norway keeps defying European gloom (23 August 2012) Sweden: Labour market remains resilient (23 August 2012) Norway: Solid labour market (22 August 2012) Finland: Resilient labour market (21 August 2012) FX: NOK and SEK continue to strengthen (14 August 2012) Sweden: Another strong reading for industrial production (14 August 2012) Sweden: CPI slightly lower than expected (14 August 2012) Sweden: July CPI preview (13 August 2012) Norway: Retail sales fell back - but outlook remains robust (13 August 2012) Norway: Inflation remains very muted (10 August 2012) Norway: Moderate industrial activity (7 August 2012) Euro area: Very few specifics from the ECB (2 August 2012) United States: The Federal Reserve exactly as expected (2 August 2012) Norway: Labour market remains robust (2 August 2012) Denmark: ECB prompts Danmarks Nationalbank to react (30 July 2012) Sweden: Very strong growth in Q2 (30 July 2012) Euro area: Moody's places Germany on negative outlook (24 July 2012) Denmark: Reforms cause budget balance fluctuations (20 July 2012) Sweden: Increased probability of Riksbank cuts (13 July 2012) Sweden: Industrial production rebounds in May (10 July 2012) Denmark: Exports displaying signs of weakness (9 July 2012) Norway: Moderate industrial activity (6 July 2012) Denmark: Negative deposit rate a reality (6 July 2012) Sweden: June CPI preview (6 July 2012) Euro area: ECB rate cut (5 July 2012) Denmark: Forced sales slightly up in June (5 July 2012) Euro area: Clarification required (4 July 2012) Sweden: Unchanged policy rates and slightly flatter rate path (4 July 2012) Euro area: Preview ECB (3 July 2012) Norway: Wobbling PMI contracted again in June (2 July 2012) Sweden: The Riksbank to stay on hold (2 July 2012) Euro area: A question of timing (29 June 2012) France: Tight fiscal policy ahead (29 June 2012) Norway: Consumption outlook remains solid (29 June 2012) Sweden: Mixed Q2 evidence (28 June 2012) Denmark: Pension contribution refund increases 2012 deficit (25 June 2012) Euro area: The ECB's significant liquidity measures (25 June 2012) Norway: Steady rates and a slightly higher rate path (20 June 2012) Sweden: Sentiment falls back (20 June 2012) Sweden: Unemployment rises, but employment remains resilient (19 June 2012) Sweden: Steady policy rates – but risks are on the downside (15 June 2012) Denmark: Negative CD rates ahead (15 June 2012) Denmark: Record drop in housing supply in May (12 June 2012) Sweden: CPI broadly in line with expectations (12 June 2012) Sweden: May CPI preview (11 June 2012) Sweden: Weak start to Q2 (8 June 2012) Denmark: Weak growth in debit card purchasing (7 June 2012) Denmark: Forced sales slightly up in May (7 June 2012) Denmark: More bankruptcies in May (7 June 2012) Covered bonds: Moody's downgrades German and Austrian banks (6 June 2012) Denmark: More redundancy notices in May (6 June 2012) Norway: Norwegian PMI defies European gloom (1 June 2012) Sweden: PMI eases but remains around 50 (1 June 2012) Denmark: Danmarks Nationalbank cuts interest rate (31 May 2012) Denmark: Danish economy shrugs off recession (31 May 2012) Germany: Continued robust job growth (31 May 2012) Norway: Consumption outlook remains robust (31 May 2012) Denmark: Pessimism from Europe is spreading to Denmark (30 May 2012) Euro area: ESI echoes bleak May PMI (30 May 2012) Euro Area: Preview ECB (30 May 2012) Sweden: Q1 GDP surprises largely on upside (30 May 2012) Sweden: Sentiment remains surprisingly robust (29 May 2012) Norway: Labour market remains tight (29 May 2012) Sweden: Mixed evidence on Q1 GDP (29 Maj 2012) Denmark: Further rate cut ahead (29 May 2012) Sweden: Mixed evidence on Q1 GDP Denmark: Danmarks Nationalbank cut rates as expected (24 May 2012) Denmark: Inventory build-up reduces risk of recession (24 May 2012) Finland: Retail sales retracted in April (24 May 2012) Sweden: The labour market remains resilient (22 May 2012) Norway: Consumption and net exports underpin growth (22 May 2012) Euro area: Q1 GDP defies expectations of a drop (15 May 2012) Finland: The labour market remains robust (22 May 2012) Denmark: Labour market at a crossroads (14 May 2012) FX: SEK weakened but on fragile basis (11 May 2012) Norway: A tad softer than we expected (10 May 2012) Denmark: Surprisingly low April inflation (10 May 2012) Sweden: CPI broadly in line with expectations (10 May 2012) Finland: Sluggish industrial production in Q1 (10 May 2012) Denmark: 2020 plan may prove overly ambitious (9 May 2012) Denmark: Exports displaying signs of weakness - but ... (8 May 2012) Norway: Moderate industrial activity (8 May 2012) Sweden: April CPI preview (7 May 2012) Denmark: Fewer bankruptcies in April (7 May 2012) Denmark: Fewer forced sales in April (7 May 2012) Norway: Norges Bank preview (7 May 2012) Norway: Large correction in April PMI (2 May 2012) Denmark: Slight decline in currency reserves (2 May 2012) Sweden: PMI remains around 50 (2 May 2012) Denmark: Danish government revises down budget deficits (30 April 2012) United States: Q1 GDP was a mixed bag (27 April 2012) Denmark: Danish businesses immune to debt crisis (27 April 2012) Norway: Strong improvement of consumption in Q1 (27 April 2012) Sweden: Increased upside risks to Q1 GDP (27 April 2012) Denmark: Status quo in Danish labour market (26 April 2012) Euro area: ESI echoes bleak April PMI (26 April 2012) Sweden: April sentiment was a positive surprise (26 April 2012) Nordic countries: Sound public finances in the Nordic region (25 April 2012) Sweden: Surprisingly strong labour market data in March (24 April 2012) Euro area: The recession continues (23 April 2012) Euro area: Ifo defies expectations of a decline (20 April 2012) Denmark: Pension contribution refunds lift consumer confidence above zero (19 April 2012) Sweden: Unchanged policy rate and no rate path revisions (18 April 2012) FX: Forecast update (17 April 2012) Denmark: Debit card purchasing recovering lost ground (16 April 2012) Sweden: April rate meeting a close call (16 April 2012) Denmark: Fewer redundancy notices and more job vacancies (12 April 2012) Sweden: CPI marginally higher than expected (12 April 2012) Sweden: March CPI preview (11 April 2012) Norway: Slight disappointment in production should not cause concern (11 April 2012) Sweden: Dismal production fuels uncertainty about 18 April rate meeting (10 April 2012) Denmark: New rise in the number of forced sales (10 April 2012) Denmark: Recession revived - perhaps (30 March 2012) Denmark: Budget deficit significantly lower than expected (30 March 2012) Norway: Manufacturing sentiment continues to surge (30 March 2012) Denmark: Unemployment up in February (29 March 2012) Sweden: Retail sales add to arguments for unchanged rates in April (29 March 2012) Denmark: New act to ensure public budget discipline (28 March 2012) Sweden: Sentiment surges (28 March 2012) Denmark: Spring-giddy consumers (22 March 2012) Denmark: Public-sector employment continues to drop (22 March 2012) Norway: Labour market remains tight (21 March 2012) Denmark: Price declines slowly abated in Q4/2011 (20 March 2012) Sweden: The labour market slows - at a moderate pace (15 March 2012) Norway: An obscure rate cut (14 March 2012) Denmark: February inflation remained unchanged (12 March 2012) Denmark: Exports above pre-crisis level (12 March 2012) Norway: Preview Norges Bank (12 March 2012) Sweden: February CPI preview (12 March 2012) Norway: Inflation was broadly in line with expectations (9 March 2012) Sweden: Industrial production underpins signs of economic growth in Q1 (9 March 2012) ECB rate meeting: Taking a well deserved break (8 March 2012) Denmark: Manufacturing output bucking the trend (7 March 2012) Denmark: Forced sales back on a slightly upward trend (6 March 2012) Denmark: Stable number of bankruptcies (6 March 2012) Sweden: Rate bottom at 1.25% to be reached in April (6 March 2012) Denmark: House price falls slightly smaller in Q4 (29 February 2012) Sweden: Growth nosedived in Q4 (29 February 2012) Denmark: Less gloomy business sentiment (28 February 2012) Sweden: Growth came to a sudden halt in Q4 (27 February 2012) Sweden: Sentiment stabilises - but levels are depressed (22 February 2012) Sweden: Sharp slowdown in employment growth (22 February 2012) Denmark: Consumers less gloomy (21 February 2012) Currency: New SEK forecast (20 February 2012) Norway: Domestic demand underpins growth (16 February 2012) Sweden: Lower probability of further rate cuts (16 February 2012) Sweden: Unusually negative basket effect weighs on CPI (16 February 2012) Finland: Flat GDP growth in Q4 (15 February 2012) Denmark: Home equity down 10% in Q3/2011 (15 February 2012) Sweden: February rate meeting is a close call (14 February 2012) Sweden: January CPI preview (10 February 2012) Norway: Inflation remains muted (10 February 2012) Sweden: Increased upside risks to Q4 GDP (10 February 2012) Norway: The traditional industry is struggling (7 February 2012) USA: Sailing downwind (3 February 2012) Denmark: No intervention by Danmarks Nationalbank in January (3 February 2012) United States: Sustained improvements in sentiment (1 February 2012) Denmark: Declining retail sales mask consumption progress (1 February 2012) Norway: Sentiment skyrockets (1 February 2012) Sweden: Domestic orders lift PMI (1 February 2012) Norway: Consumption remains muted (31 January 2012) Euro area: ESI was a mixed bag (30 January 2012) Sweden: Weak consumption in Q4 (27 January 2012) Denmark: Unemployment continues decline (26 January 2012) Sweden: A very weak turn of the year (26 January 2012) Euro area: Ifo rises for the third month straight (25 January 2012) Euro area: PMI back at expansion territory (24 January 2012) Sweden: Heading for recession (19 January 2012) Denmark: Manufacturing output takes a breather (12 January 2012) Sweden: Subdued inflation facilitates Riksbank cuts (12 January 2012) Denmark: Actions speak louder than words ... (10 January 2012) Denmark: Inflation slightly down in December (10 January 2012) Norway: Inflation remains subdued (10 January 2012)   Sweden: Industrial production suggests negative QoQ growth in Q4 (10 January 2012) Denmark: Exports up in November (9 January 2012) Denmark: Surprising drop in unemployment in November (6 January 2012) Denmark: Less gloomy business sentiment (6 January 2012) Sweden: December CPI preview (6 January 2012) Denmark: Relatively few forced sales in 2011, historically (5 January 2012) Denmark: Stable number of bankruptcies (5 January 2012) Denmark: Currency reserves up again (4 January 2012) Norway: Increasing divergences in Norwegian economy (3 January 2012) Sweden: Riksbank in wait-and-see mode (3 January 2012) Denmark: Growth revised up against bleak background (22 December 2011) Denmark: Six months of declining consumer confidence (21 December 2011) Denmark: Government growth forecast in line with Nykredit's (21 December 2011) Denmark: Car sales defy drop in consumer confidence (20 December 2011) Sweden: Moderate revision of rate path (20 December 2011) Sweden: December rate decision is a close call (19 December 2011) Denmark: Housing market hit the floor in Q3 (19 December 2011) Denmark: Danmarks Nationalbank lowers interest rates again (15 December 2011) Denmark: Compliance with EU budget requirements possible (15 December 2011) Sweden: Continued brisk employment growth - but weakening trend (15 December 2011) Norway: A 50bp cut on the back of the intensified turmoil (14 December 2011) Sweden: Inflation a bit higher than expected (13 December 2011) Denmark: EU negotiations eliminate historical yield spread against Germany (9 December 2011) Denmark: Exports up in October – but downward trend (9 December 2011) Norway: Inflation stays muted (9 December 2011) Sweden: November CPI preview (9 December 2011) Denmark: Danmarks Nationalbank making history (9 December 2011) Sweden: Decent production, but orders are slumping (9 December 2011) Denmark: Few redundancy notices before Christmas (8 December 2011) Denmark: Another slowdown in manufacturing output (7 December 2011) Denmark: Most forced sales in Region Sealand (6 December 2011) Denmark: November saw the highest number of bankruptcies in 2011 (6 December 2011) Government bonds: S&P puts euro area countries on credit watch negative (6 December 2011) Denmark: Debit card purchasing nicely on the rise (6 December 2011) Denmark: Currency reserves drop from record high (5 December 2011) USA: Another month of decent job growth (2 December 2011) Denmark: Slight rise in unemployment (1 December 2011) Sweden: PMI back into contraction territory (1 December 2011) Denmark: Business confidence improving slightly at low level (29 November 2011) Sweden: Swift slowdown in domestic demand (29 November 2011) Denmark: Tumbling consumer confidence (22 November 2011) Norway: Surprisingly weak domestic demand (22 November 2011) Sweden: A slowing labour market (22 November 2011) Denmark: Historically weak wage growth (16 November 2011) Euro area: Still registering positive growth... (15 November 2011) Denmark: Tax on fats boosts inflation (10 November 2011) Norway: Inflation stays muted (9 November 2011) Sweden: Clothing causes downside surprise in October CPI (9 November 2011) Denmark: Debit card purchasing was up in October (10 November 2011) Denmark: Exports declined in September (10 November 2011) Norway: Price bubble in the housing market? (9 November 2011) Sweden: Production suggests decent growth in Q3 (9 November 2011) Sweden: CPI expected at 0.2%/3.1% MoM/YoY in October (8 November 2011) Norway: Dismal outlook for the traditional industry (7 November 2011) Denmark: Budget proposal 2012 with no major surprises (7 November 2011) Denmark: Manufacturing output rose in September (7 November 2011) Denmark: More bankruptcies in store (4 November 2011) USA: Pæn jobrapport Denmark: Historical interest rate cut (3 November 2011) Euro area: An early start of a new rate cutting cycle (3 November 2011) Currency: We still expect SEK weakening (28 October 2011) Sweden: Worrying swift slowdown of the domestic economy (28 October 2011) Sweden: Moderate reaction from the Riksbank (27 October 2011) Sweden: Slight increase in bond issuance (25 October 2011) Sweden: Rate path to be lowered further (25 October 2011) Currency: NOK will remain strong (20 October 2011) Sweden: The labour market keeps strengthening (20 October 2011) Norway: Drastic lowering of rate path (19 October 2011) Norway: Norges Bank on hold for now (17 October 2011) Sweden: Muted inflation gives the Riksbank leeway (11 October 2011) Norway: Clothing causes bounceback in inflation (10 October 2011) Sweden: CPI expected at 0.7%/3.2% MoM/YoY in September (10 October 2011) Denmark: More forced sales in September (6 October 2011) Norway: 2012 budget underlines Norway's special position (6 October 2011) Denmark: Fewer bankruptcies in September, but upward trend (6 October 2011) Denmark: Ambitious new government platform (4 October 2011) Sweden: Households tighten their belts (29 September 2011) Sweden: Sentiment continues its steep downward trend (28 September 2011) Denmark: Interest rate cut ahead (26 September 2011) Denmark: Major fiscal challenges (23 September 2011) Norway: Norges Bank stays put (21 September 2011) Norway: The labour market stays strong (21 September 2011) Sweden: No money rain in autumn budget (20 September 2011) Denmark: New government in Denmark (16 September 2011) Denmark: New decline in house prices (15 September 2011) Sweden: The labour market continues to strengthen (15 September 2011) Sweden: Ahead of August CPI (9 September 2011) Norway: Inflation continues to surprise on the downside (9 September 2011) Sweden: Riksbank meeting in line with expectations (7 September 2011) Denmark: Undramatic rise in forced sales (6 September 2011) Sweden: Flatter rate path - but to what extent? (6 September 2011) Denmark: Recession called off (31 August 2011) Sweden: Borg makes a U-turn (29 August 2011) Denmark: Election has been called (26 August 2011) Denmark: Danmarks Nationalbank lowers interest rates (25 August 2011) Sweden: Öberg speech supports view of steady rates in September (25 August 2011) Sweden: Financial turmoil takes its toll on sentiment (25 August 2011) Denmark: Housing market price drops continue (23 August 2011) Denmark: Consumer confidence decline not as steep as feared (23 August 2011) Norway: Robust growth in Q2 (23 August 2011) Nykredit's House Price Confidence: Higher risk of further price declines (18 August 2011) Denmark: House prices declined in Q1/2011 (16 August 2011) Sweden: July inflation as expected (11 August 2011) Norway: Norges Bank to stay put for the remainder of 2011 (10 August 2011) Norway: Inflation picks up again in July (10 August 2011) Denmark: Substantial and crucial current account surplus (9 August 2011) Sweden: Ahead of July CPI (8 August 2011) Norway: Norges Bank to adopt a less hawkish stance (8 August 2011) Denmark: Forced sales slightly up and bankruptcies stable (4 August 2011) Denmark: Currency reserves at stable high level in July (3 August 2011) Sweden: Strong growth in Q2/2011 (29 July 2011) Denmark: No drastic rise in unemployment (28 July 2011) Denmark: Bank lending is still decreasing (22 July 2011) Euro area: The ECB signals continued rate hikes and help to Portugal (7 July 2011) Denmark: We revise down our housing price forecast (7 July 2011) Denmark: Stable trend in bankruptcies (6 July 2011) Denmark: Decline in forced sales in June (6 July 2011) Sweden: The Riksbank slightly softens its stance (5 July 2011) Sweden: Riksbank preview: Ahead of 5 July (1 July 2011) Sweden: Another disappointment in retail sales (28 June 2011) Finland: Government programme focuses on budget consolidation (20 June 2011) Sweden: The Riksbank on autopilot (16 June 2011) Sweden: May inflation broadly as expected (14 June 2011) Denmark: Number of forced sales still stabilising (7 June 2011) Denmark: Slightly fewer bankruptcies in May (7 June 2011) Sweden: Comforting rebound in retail sales (30 May 2011) Sweden: Q1 GDP a bit disappointing (27 May 2011) Sweden: Confidence remains high (26 May 2011) Denmark: Labour market in recovery (25 May 2011) Sweden: Labour market strengthening to continue (25 May 2011) Norway: Q1 GDP broadly as expected (24 May 2011) Sweden: Further reduction in bond issuance (18 May 2011) Denmark: A reasonable retirement reform (16 May 2011) Norway: Norges Bank lifts its repo rate to 2.25% (12 May 2011) Sweden: April inflation about in line with expectations (12 May 2011) Norway: Higher than expected inflation in April (10 May 2011) Sweden:CPIF to land at 1.8% in April (9 May 2011) Norway: Norges Bank on hold in May (9 May 2011) Spain: Price drop in housing market continued in Q1 (4 May 2011) Sweden: Weak sales figures raise questions (29 April 2011) Sweden: Decline in confidence suggests weaker momentum (28 April 2011) Sweden: Unemployment was higher than expected in March (26 April 2011) Sweden: Undramatic Riksbank meeting (20 April 2011) Denmark: Danmarks Nationalbank tracked the ECB as expected (7 April 2011) Denmark: Forced sales have peaked (6 April 2011) Denmark: Negative growth is hiding good news (5 April 2011) Foreign exchange: Expect new SEK strengthening (1 April 2011) Sweden: Housing market nearer the peak (30 March 2011) Foreign exchange: NOK still strong (23 March 2011) Euro area: Agreement on EFSF and Greece before time (14 March 2011) Sweden: Record growth in 2010 (1 March 2011) Norway: Norges Bank on hold (26 January 2011) Sweden: More interest hikes by the Riksbank (18 January 2011) Sweden: Housing market sustainability and outlook (10 January 2011)  

Denmark: The Danish central bank nearly mirrors the ECB (3 May 2013) Currency: Sell EUR/NOK (3 May 2013) Denmark: Capital region leads housing market out of the crisis (29 April 2013) Nordic countries: Sound public finances in the Nordic region (25 April 2013) FX: NOK and SEK driven by central banks (24 April 2013) Denmark: House prices have stopped falling (13 February 2013) Euro money market: Rate increases overdone (4 February 2013) Italy: A guide to the 2013 elections (9 January 2013) Global view: Brighter outlook for 2013 (8 January 2013) Spain: Not much to celebrate on Rajoy's first anniversary (11 December 2012) Italy: Mario Monti resigns (10 December 2012) France: Stagnation has a firm grip (5 December 2012) Sweden: One more rate cut in late 2012 (28 November 2012) France: Moody's strips France of Aaa rating (20 November 2012) France: Tax reform a slight step in the right direction (7 November 2012) Nordic countries: Public finances excel in a European comparison (2 November 2012) Spain: Rajoy victory in Galicia a mandate for reforms (22 October 2012) Germany: Government lowers growth forecast (17 October 2012) Denmark: Housing market can tolerate higher interest rates (1 October 2012) Denmark: Danmarks Nationalbank is heading towards rate hike (20 September 2012) Sweden: One more rate cut in late 2012 (19 September 2012) Euro area: ECB: bond programme details emerge (6 September 2012) Euro area: Preview ECB (5 September 2012) Scandinavia: Responding to soaring currencies (22 August 2012) Euro area: Draghi indicates new action from the ECB (27 July 2012) United States: Bernanke's heavy steps towards the exit (19 July 2012) Nordic countries: Facing demographic challenges (9 April 2012) Denmark: Housing price stabilisation a question of confidence (3 April 2012) Sweden: Minor housing price fall ahead, but improvement in 2013 (20 February 2012) Sweden: A model of the Swedish housing market (20 February 2012) Denmark: Traffic light is changing from red to yellow (11 January 2012) Denmark: Fragile housing market stabilisation ahead (10 January 2012) Sweden: The Riksbank to follow the ECB (28 November 2011) Denmark: Foreign currency reserves have boosted government debt (6 October 2011) Denmark: Price drop driven by uncertainty and confidence crisis (4 October 2011) Norway: A model of the Norwegian housing market (28 September 2011) Sweden: From "PIIGS" to Tiger (28 September 2011) Sweden: The Riksbank to take a cautious approach (15 September 2011) Currency: We expect SEK weakening (18 August 2011) Sweden: The Riksbank to pause its rate hiking cycle (17 August 2011) Finland: A model of the Finnish housing market (17 August 2011) Revised interest rate forecasts: Ground rules change (12 August 2011) NORAH - a regional housing price model (08 June 2011) Sweden: Net exports should add to growth also in Q2 (27 June 2011) Norway: Rate path revised a little higher in the front end (22 June 2011) Sweden: Data suggests weaker momentum (22 June 2011) The Danish housing market (9 June 2011) Sweden: Upcoming wage round will put pressure on inflation (5 May 2011) Denmark: Lower inflation ahead (29 April 2011) Spain: Major challenges in 2011 (12 April 2011) Denmark: Housing market in delicate balance for years to come (7 April 2011) Denmark: Private sector still not on solid ground (28 January 2011)  

Strategic Focus: FX markets (13 March 2013) Strategic Focus: Economic Trends (6 March 2013) Strategic Focus: FX markets (6 December 2012) Strategic Focus: Economic Trends (28 November 2012) Strategic Focus: FX markets (27 September 2012) Strategic Focus: Economic Trends (19 September 2012) Strategic Focus: Economic Trends (14 June 2012) Strategic Focus: Economic Trends (7 March 2012) Strategic Focus: Economic Trends (28 November 2011) Strategic Focus: Economic Trends (13 September 2011) Strategic Focus: Economic Trends (17 June 2011) Strategic Focus - Economic Trends (11 March 2011) Strategic Focus – Economic Trends (23 December 2010) Strategic Focus - Economic Trends (8 September 2010) Strategic Focus - Economic Trends (14 June 2010)