Europe Data Response Euro-zone Flash CPI (Sep.) & Unemployment (Aug.) Headline inflation in the euro-zone has started to pick up as the effects of previous falls in energy prices fade. But with a large amount of slack in the labour market, underlying price pressures... 30th September 2016 · 1 min read
Europe Commercial Property Update Large Brussels pipeline to allow Antwerp retail rents to get ahead A subdued outlook for consumption and a large pipeline of new retail developments will mean that rental values in Brussels stagnate next year. But for the first time in at least 15 years, limited new... 30th September 2016 · 1 min read
Europe Data Response Spanish economy could suffer from political chaos The consequences of a third election in Spain would be worse than those of earlier votes. And with Catalonia renewing its push for independence, politics represent a clear risk to the economic outlook... 29th September 2016 · 1 min read
Europe Data Response German Flash CPI (Sep.) September’s rise in German inflation to +0.5% suggests that euro-zone inflation rose to a 23-month high in the same month. But in Germany at least, the rise reflected energy effects while underlying... 29th September 2016 · 1 min read
Europe Data Response EC Business & Consumer Survey (Sep.) While the EC Business and Consumer Survey revealed a rise in sentiment in September, it still suggests that growth remains moderate and inflation expectations are weak. 29th September 2016 · 1 min read
Europe Economics Update Deutsche Bank’s troubles unlikely to spark wider crisis Today’s relatively positive news about Deutsche Bank adds to the evidence that it is not the next Lehman Brothers for the global financial system and that its troubles are unlikely to trigger a German... 28th September 2016 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Aug.) August’s money and credit data suggest that the euro-zone economy has continued to grow at a decent pace in Q3. Nevertheless, the data suggest that inflation will remain well below the ECB’s target. 27th September 2016 · 1 min read
Europe Economics Update Italy’s constitutional referendum poses economic risks The Government confirmed today that the constitutional reform referendum will take place on 4thDecember. We think that a rejection of the reforms is a major risk to the economic outlook. 26th September 2016 · 1 min read
Europe Data Response German Ifo Survey (Sep.) September’s rebound in the German Ifo Business Climate Indicator (BCI) offered hope that the economy remains in good health after the more negative signs from other surveys and hard data. 26th September 2016 · 1 min read
Europe Commercial Property Update Rebound in Vienna office rents set to continue After dipping in the second half of 2015, prime office rents in Vienna rebounded over the first six months of this year. With a tight supply side and relatively good employment growth prospects, we... 26th September 2016 · 1 min read
Europe Economics Weekly ECB unlikely to follow in Bank of Japan’s footsteps The Bank of Japan’s announcement that it will replace its target for the monetary base with a 0% target for 10-year government bond yields has prompted speculation about whether the ECB might follow... 23rd September 2016 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Sep.) September’s fall in the euro-zone Composite PMI to a 20-month low implies that the already sluggish pace of expansion in the currency union lost further momentum at the end of the quarter. 23rd September 2016 · 1 min read
Europe Commercial Property Update Could Swedish industrial rents have reached a plateau? Buoyant occupier demand for logistics space in Sweden is being met by above-average levels of new supply. However, prime industrial rents in Stockholm will be driven upward as conversion of existing... 23rd September 2016 · 1 min read
Nordic & Swiss Economics Update Norges Bank to cut interest rates to zero next year The Norges Bank left its key policy rate on hold today and signalled that no change was likely in the remainder of the year. But we think that more monetary loosening will be needed in 2017. 22nd September 2016 · 1 min read
Europe Economics Update Norges Bank to cut interest rates to zero next year The Norges Bank left its key policy rate on hold today and signalled that no change was likely in the remainder of the year. But we think that more monetary loosening will be needed in 2017. 22nd September 2016 · 1 min read
Nordic & Swiss Economics Update Riksbank minutes suggest no extension of asset purchases The minutes of the Riksbank’s latest meeting revealed that at least half of the Executive Board thought that there is little need for the Bank to extend asset purchases beyond December. Indeed... 21st September 2016 · 1 min read
