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EMU Comment — Preview - ECB to maintain status quo for now

  1. ECB Governing Council members have emphasised unchanged policy since March
  2. Next (small) step expected in June

Rasmus Gudum-Sessingø, Economist |

Fast Comment Sweden — Super strong manufacturing confidence

  1. Super strong manufacturing survey
  2. Overall confidence boosted by manufacturing 'overshooting'
  3. Private services confidence vital to the GDP outlook

Anders Brunstedt, Economist |

Morgenrapport Norge —

Marius Gonsholt Hov, Economist |

Morgenmelding Danmark —

Bjarke Roed-Frederiksen, Economist |

Fast Comment Sweden — We expect slightly weaker sentiment

  1. Manufacturing Confidence Indicator estimated at 111.2 (prior 112.7)
  2. Consumer Confidence Indicator estimated at 103.4 (102.6)
  3. Economic Tendency Indicator estimated at 108.7 (109.2)

Anders Brunstedt, Economist |

UK Comment — Public sector borrowing higher than expected in March

    Public sector net borrowing higher than expected in March, but in line with OBR estimate for financial yearPublic sector net borrowing (PSNB) excluding banking groups was GBP 5.1bn in March; the consensus expectation was GBP 3.1bn. PSNB excluding banking groups in March this year was the highest since March 2015 and GBP 0.8bn higher than in March 2016. However, borrowing for earlier months was revised down and initial estimates indicate that PSNB in the financial year ending March 2017 (April 2016 to March 2017) was GBP 52bn, or 2.

    Kari Due-Andresen, Chief Economist Norway |