Europe Commercial Property Update RICS survey points to sentiment softening The latest RICS global commercial property monitor for Q4 2017 indicates that there has been no significant change to the upbeat mood across European markets compared to Q3. This is perhaps not too... 29th January 2018 · 1 min read
Europe Economics Weekly Is the ECB’s confidence in the inflation outlook warranted? While ECB President Mario Draghi sounded positive on the outlook for inflation at this week’s press conference, he did so with a justified degree of caution. After all, there is still economic slack... 26th January 2018 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Jan.) January’s jump in the euro-zone Composite PMI marked an exceptionally strong start to 2018. But while the data appear to strengthen the case for the ECB to “revisit” its forward guidance early this... 24th January 2018 · 1 min read
Europe Commercial Property Update Has Mainland Europe investment activity peaked? Following another record year for commercial property investment in continental Europe in 2017, we expect investment activity to fall back this year. What’s more, with high interest rates and slower... 22nd January 2018 · 1 min read
Nordic & Swiss Economic Outlook Exchange rates to diverge as Swedish krona rises Prospects for the Nordic economies and Switzerland are strong, but there are divergent outlooks for monetary policy. In Sweden, inflation is already close to the Riksbank’s target and, with capacity... 22nd January 2018 · 1 min read
Europe Economics Weekly How ambitious is the grand coalition’s plan for Germany? The fiscal proposals agreed by Angela Merkel and Martin Schulz as part of their plan to renew Germany’s grand coalition amount to a headline-grabbing 1.5% of annual German GDP and include abolishing... 19th January 2018 · 1 min read
Europe Economic Outlook Sustained upturn need not prompt ECB rate hikes The euro-zone’s impressive upturn looks set to continue apace as reduced political uncertainty, high levels of business confidence, and continued strong policy support allow investment to take off... 18th January 2018 · 1 min read
Europe Economics Weekly Would a “flat tax” give Italy’s economy a boost? Two of the leading contenders to form a government after Italy’s general election on 4th March advocate a radical overhaul of the country’s tax code. Their plans would result in a substantial... 12th January 2018 · 1 min read
Europe Commercial Property Update European property looks increasingly late-cycle Reduced capital raising totals for the second consecutive year and a decrease in the proportion of funds meeting their fund-raising targets hint at pricing concerns amongst investors. 10th January 2018 · 1 min read
Europe Data Response German Industrial Production & Trade (Nov.) November’s surge in German industrial production and the widening of the trade surplus brought welcome reassurance that the economy approached the end of 2017 in very good health. What’s more, the... 9th January 2018 · 1 min read
Europe Economics Weekly Euro’s strength not yet a major concern The main news for the euro-zone economy at the year’s outset has been the further appreciation of the euro. While this might seem like a major headwind to the economy’s upturn, we remain optimistic... 5th January 2018 · 1 min read
Europe Data Response Euro-zone Flash CPI (Dec.) With euro-zone headline inflation falling in December and core inflation still subdued, the ECB will continue to emphasise that interest rate hikes remain a long way off. 5th January 2018 · 1 min read
Europe Data Response Euro-zone Final PMIs (Dec.) The final estimate of December’s euro-zone Composite PMI confirmed that the economy finished the year on a high note, but inflationary pressures are building only slowly. 4th January 2018 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Dec.) Recent fiscal data revealed mixed performances by the euro-zone’s peripheral countries in the year to November. While Ireland and Portugal are on course to outperform their 2017 state budget balance... 3rd January 2018 · 1 min read
Europe Commercial Property Update Our key views for how 2018 will shape up After three consecutive years of mostly yield-driven double-digit capital growth, the outlook for European commercial property in 2018 is less positive – we believe that the prime market has now... 3rd January 2018 · 1 min read
Europe Economics Weekly A vintage year, but is the best yet to come? The euro-zone economy performed better in 2017 than we and most forecasters had anticipated at the year’s outset. Investment growth picked up despite intense political uncertainty. And while a rise in... 21st December 2017 · 1 min read
