Europe Data Response French Consumer Prices (Dec.) Although France’s headline inflation rate edged up in December, the big picture is that price pressures in the euro-zone’s second-largest economy remain very weak. 13th January 2016 · 1 min read
Europe Commercial Property Update Industrial rents in Milan set for steady growth The high level of industrial take-up in Italy over the past two years demonstrates the strong effect that e-commerce has had on occupier demand. With the Italian economy now on a positive, albeit... 12th January 2016 · 1 min read
Europe Commercial Property Update European investment activity likely to rise again in 2016 European commercial property investment is likely to have reached a new peak in 2015. But, we believe there are good grounds for expecting further growth in 2016 as new capital sources and other... 11th January 2016 · 1 min read
Europe Economics Weekly Are euro-zone consumers running out of steam? Perhaps the most notable positive surprise in the euro-zone last year was the strength of household spending. Spending looks likely to have expanded by 1.5% or more in 2015. This would be the... 8th January 2016 · 1 min read
Europe Data Response German & French Industrial Production (Nov.) November’s disappointingly weak German and French industrial production figures provided further evidence that the hard data on the euro-zone economy is failing to live up to the more optimistic... 8th January 2016 · 1 min read
Europe Data Response Euro-zone EC Survey (Dec.), Unemp. & Retail Sales (Nov.) December’s EC Business and Consumer Survey added to evidence that euro-zone GDP growth accelerated in Q4, but the consumer recovery seems to be losing pace. 7th January 2016 · 1 min read
Europe Economics Update Will the Riksbank put its money where its mouth is? Sweden’s Riksbank is likely to have to follow through on its pledge to intervene in the foreign exchange market. But the strength of the domestic economy and the likelihood of more ECB QE means that... 7th January 2016 · 1 min read
Nordic & Swiss Economics Update Will the Riksbank put its money where its mouth is? Sweden’s Riksbank is likely to have to follow through on its pledge to intervene in the foreign exchange market. But the strength of the domestic economy and the likelihood of more ECB QE means that... 7th January 2016 · 1 min read
Europe Data Response Euro-zone Final PMIs (Dec.) & Producer Prices (Nov.) The small rise in the euro-zone’s Composite PMI for December suggested that the region’s recovery may have gained a little pace in the final quarter of 2015. But GDP growth is still too slow to... 6th January 2016 · 1 min read
Europe Commercial Property Update Is there any value left in Dublin offices? Over the past three years office capital value growth in Dublin has far outpaced other euro-zone markets. Yet with the vacancy rate at its lowest point in 15 years, and GDP set to average 4.3% over... 6th January 2016 · 1 min read
Europe Chart Pack A year of zero inflation December’s euro-zone consumer price inflation rate of +0.2% left an average inflation rate for 2015 as a whole of zero – the lowest rate since the single currency was formed. Headline inflation will... 5th January 2016 · 1 min read
Europe Commercial Property Update Nordic investment activity reached record highs in 2015 Commercial property investment in 2015 in the Nordics reached its highest level on record. This was driven by a large increase in the average deal size and strong growth in demand from foreign... 5th January 2016 · 1 min read
Europe Data Response Euro-zone Flash CPI (Dec.) December’s weaker-than-expected euro-zone consumer prices figures supported our view that bolder ECB policy action will ultimately be needed to bring inflation back to target on a sustained basis. 5th January 2016 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Dec.) The latest fiscal data suggested that the peripheral countries continued to improve their budgetary positions at the back end of 2015. But there is a distinct risk of fiscal slippage in 2016... 4th January 2016 · 1 min read
Europe Data Response German Flash CPI & Euro-zone Final Man. PMI (Dec.) December’s German CPI data confirm that the relative strength of the economy is exerting no upward pressure on inflation and support our view that the ECB will need to do more to hit its inflation... 4th January 2016 · 1 min read
Europe Commercial Property Update Anaemic Belgian consumer sector suggests further retail weakness Muted economic growth in the next two years will prevent Belgian high streets from seeing much of an improvement in demand for space. As a result, we expect prime retail rental values to rise by only... 24th December 2015 · 1 min read
