In Sweden , the September NIER consumer and business confidence surveys (Wednesday) are of some interest, especially business confidence. The background is that PMIs for manufacturing and services have seen something of a nosedive recently but we have not seen anything of the sort in the NIER data, which remains elevated.
A busy week is in store in Norway . With employment indicators still climbing and vacancies increasing, we expect unemployment to drop to 2.5% in September, albeit driven partly by seasonal factors. However, we also expect seasonally-adjusted gross unemployment - our preferred jobless measure - to fall by 500 people m/m.
The week in Norway also brings retail sales data for August. Private demand has been buoyant this year. We expect this trend to continue, albeit with zero growth in August on the back of some very strong months. If we are right, the numbers will still point to strong growth in private consumption once again in Q3.
There is little on the agenda in Denmark in the coming week. Business confidence data is due to be released on Thursday. The manufacturing indicator fell in August, but only after hitting its highest level since April 2014 in July, so it will be interesting to see whether it picks up again in September. Foreign portfolio investments and securities statistics for August are also due out on Thursday.
To read the entire report Please click on the pdf File Below: