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Marginal rise in Norwegian retail sales

  • Retail sales up by 0.1 percent in March, close to expectations
  • We and consensus expected -0.1 and 0.0 percent, respectively
  • Long-run trend remains flat

Read why here

Swedish retail sales

  • Swedish retail sales in March weaker than expected
  • Figures: -0.4/1.9 percent m-o-m/y-o-y (prior 0.2/2.7 percent)
  • Weakness in durables behind the weak headline figure
Read why here
Latest from Speakers´ corner

"If there is a shutdown, there is a shutdown"

USA: Trump utesluter inte en partiell nedstängning av myndigheter (shutdown) om skuldtaket inte höjs. Menar att demokraterna i så fall bär skulden

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Keywords: USA, Politics

The chart of the day

Calendar

Fri, Apr 28
      Graph Period Cons. fc Our fc Previous Actual
02:00 China Real Estate Transactions March -34.7 / 25.1 6.6 / 14.7
02:00 China Retail Sales y-o-y March NaN 10.9
07:30 France GDP Q1 0.5 / 1.2 0.3 / 0.8
08:00 Germany Retail Sales March / -2.3 / 2.3
08:00 Norway Retail Sales ex auto sa March 0.5 1 0.1
08:00 Norway Household goods consumption March -5.2 / -2.3 12.4 / 3.9
09:00 Denmark Unemployment March 4.3 4.3
09:00 Denmark Unemployment, LFS 6.2 6.2
09:30 Sweden Retail Sales, sa March 0.3 -0.4
09:30 Sweden Retail Sales March / 2.7 / 1.9
10:00 Norway Unemployment Rate (NAV) April 2.9 2.8
10:30 UK GDP January 0.4/2.2 0.7 / 1.9 0.3 / 2.1
11:00 Eurozone CPI Flash estimate
11:00 Eurozone HICP Flash y-o-y April / 1.5 / 1.9
14:30 US GDP annualized, Q1 2.1 0.7
15:45 US Chicago ISM April 57.7 58.3
16:00 US U. of Mich. Sentiment 96.9 98
Sun, Apr 30
      Graph Period Cons. fc Our fc Previous Actual
03:00 China PMI Manufacturing April 51.7 51.8 51.2
Mon, May 1
      Graph Period Cons. fc Our fc Previous Actual
02:30 Japan Markit PMI Manufacturing April 52.8
11:00 Denmark PMI manufacturing, sa April 57.2
14:30 US PCE Deflator March -0.2/1.9 0.1 / 2.1
14:30 US PCE Core March -0.1/1.6 0.2 / 1.6
16:00 US ISM manufacturing April 56.5 57.2
Tue, May 2
      Graph Period Cons. fc Our fc Previous Actual
03:45 China Caixin PMI Manufacturing April 51.3 51.2
08:00 Finland House Prices March -0.1 / -0.4
08:00 Norway Credit Indicator Growth March 5.1
08:00 Norway Total Credit (C3) February / 1.6
08:30 Sweden PMI manufacturing, sa April 65.2
09:00 Norway PMI manufacturing, sa April 54.0 54.7
09:30 Sweden Household Lending March / 7.1
09:50 France Markit PMI Manufacturing April 55.1 55.1
09:55 Germany Markit PMI Manufacturing April 58.2 58.2
10:00 Eurozone Markit PMI Manufacturing April 56.8 56.8
10:30 UK Markit PMI Manufacturing April 54.0 54.2
11:00 Eurozone Unemployment Rate, sa March 9.4 9.5
15:45 US ISM New York April 56.5
17:00 World Markit PMI Manufacturing April 53
Wed, May 3
      Graph Period Cons. fc Our fc Previous Actual
10:00 Germany Unemployment Rate, sa April 5.8 5.8
11:00 Eurozone GDP, SA y-o-y Q1 1.7 1.8
11:00 Eurozone GDP q-o-q Q1 0.5 0.5
14:15 US ADP Employment change April 175K 264K
16:00 US ISM Non-Manufacturing April 56.0 55.2
20:00 US FOMC rate decision 5/3/2017 1.0 1
Thu, May 4
      Graph Period Cons. fc Our fc Previous Actual
09:55 Germany Markit PMI Composite April 56.3 56.3
10:00 Eurozone Markit PMI Composite April 56.7 56.7
10:00 Eurozone Markit PMI Services April 56.2 56.2
10:00 Norway Norway Policy Rate decision 5/6/2017 0.5 0.5
10:30 UK Markit PMI Composite April 54.6 54.9
10:30 UK Markit PMI Services April 54.5 55
11:00 Eurozone Retail Sales, sa March 0.1/ 0.7 / 1.8
14:30 US Initial Jobless Claims W17 257K
16:00 US Durable Goods Orders March 0.7 / 4.5
16:00 US Capital Goods Shipment Nondef ex Air March 0.4
16:00 US Factory Orders, sa March 0.6 1
17:00 World Markit PMI Composite April 53.8
17:00 World Markit PMI Services April 53.6
17:30 Eurozone ECB´s Draghi speaks
Fri, May 5
      Graph Period Cons. fc Our fc Previous Actual
09:00 Denmark Industrial Production, sa March 1.5/ 1.7 / 3.6
09:30 Sweden Industrial Production, sa March 0.2
09:30 Sweden Service Production, sa March -0.7 / 5.6
09:30 Sweden Industrial Production March / 4.1
11:15 Norway House prices April / 11.7
14:30 US Change in Nonfarm Payrolls April 193K 98K
14:30 US Unemployment rate April 4.6 4.5
14:30 US Change in Private Payrolls April 190K 89K
14:30 US Average hourly earnings April 0.3/2.7 0.2 / 2.7
17:30 US Fed´s Fischer speaks
19:30 US Fed´s Yellen speaks
Sun, May 7
      Graph Period Cons. fc Our fc Previous Actual
France Presidential election, second and final round
Fri, Apr 28|
Sun, Apr 30|
Mon, May 1|
Tue, May 2|
Wed, May 3|
Thu, May 4|
Fri, May 5|
Sun, May 7
View the complete calendar

Latest publications in

UK Comment — GDP growth surprisingly low in Q1

  1. GDP growth pulled down by weaker growth in services
  2. Mortgage approvals in March were lower than expected
  3. Growth could temporarily pick up again, but we expect the growth trend to weaken this year

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

Fast Comment Norway — A batch of data neutral to Norges Bank

  1. Regional Network: expectations little changed since February
  2. Registered unemployment at 2.8 percent (unadjusted) in April, in line with expectations
  3. Neutral to the key policy rate path

Marius Gonsholt Hov, Economist | maho60@handelsbanken.no

Fast Comment Sweden — Weaker-than-expected retail sales in March

  1. Retail sales in March weaker than expected
  2. Numbers: -0.4/1.9 percent m-o-m/y-o-y (previously 0.2/2.7 percent)
  3. Weakness in durables behind the weak headline figure

Anders Brunstedt, Economist | anbr42@handelsbanken.se

Fast Comment Norway — Retail sales rose marginally in March, close to expectations

  1. Retail sales up by 0.1 percent in March, close to expectations
  2. We and consensus expected -0.1 and 0.0 percent, respectively
  3. Long-run trend remains flat

Marius Gonsholt Hov, Economist | maho60@handelsbanken.no

Fast Comment Sweden — Retail sales growth in March expected to strengthen

  1. Retail sales in March: estimated at 0.5/3.7 percent m-o-m/y-o-y (prior 0.2/3.1 percent)
  2. Moderately strong prospects for retail sales ahead

Anders Brunstedt, Economist | anbr42@handelsbanken.se