Danske Daily - 29 May 2017

Published 05/29/2017, 02:25 AM


It is a relatively quiet start on the data front to a week that brings us important inflation releases in the US on Tuesday and in the eurozone on Wednesday.

Today in the eurozone we get figures for the M3 money supply and loan growth. M3 growth continues to hover around the 5% level with 5.3% growth in March. We expect a similar figure for April. More interestingly, loan growth was very strong in March. Both households and NFCs saw increases of respectively EUR16bn and EUR18bn in loans, leading to yearly growth rates of 2.4% and 2.3%. The figures should have been good news for the ECB as they show how well the monetary accommodation is transmitting to the economy.

In Sweden, we are set to receive both the Riksbank April financial market statistics, including household credit growth, and Statistics Swedens April trade balance data.

To read the entire report Please click on the pdf File Below

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