Europe Commercial Property Update German office values fall faster than after the GFC Early data indicate that German offices saw the steepest increases in yields on record in late 2022. And we think that with policy rates set to go higher, it is too early to rule out further rises in... 31st January 2023 · 3 mins read
Europe Data Response German GDP (Q4 2022) The fall in German GDP in Q4 shows that the energy crisis started to dent activity at the end of last year. This pours cold water on the recent optimism about the prospects for the euro-zone and... 30th January 2023 · 3 mins read
Europe Data Response German Ifo Survey (Jan.) The further increase in the Ifo Business Climate Index in January confirms that the recovery in German business sentiment that started at the end of 2022 has continued this year. But the fall in its... 25th January 2023 · 2 mins read
Europe Rapid Response German Ifo Business Climate Indicator (January) 25th January 2023 · 2 mins read
Europe Economics Update Germany to avoid industrial recession We now think German industry will continue to grow in the coming months as lower gas prices, easing supply shortages and high backlogs of orders support production. 20th January 2023 · 4 mins read
Europe Data Response German ZEW Survey & Final HICP (Jan./Dec.) Economic sentiment in Germany improved further at the start of 2023 adding to the signs that the economy will hold up better than we feared. But with underlying price pressures still rising, tight... 17th January 2023 · 2 mins read
Europe Data Response German Industrial Production (Nov.) The rise in German industrial output in November confirms that industrial output held up better than we had expected in Q4. However, while the recent slump in gas prices should help energy-intensive... 9th January 2023 · 2 mins read
Europe Data Response Germany Flash Inflation (December) The sharp fall in German inflation in December was due to one-off energy subsidies so it will probably reverse in January. Headline inflation is still likely to decline rapidly in March, but we think... 3rd January 2023 · 2 mins read
Europe Economic Outlook Recession will do little to dampen price pressures We think the euro-zone is now at the start of a recession, driven by high inflation, tightening financial conditions and weak external demand, and anticipate two quarters of contraction followed by a... 19th December 2022 · 2 mins read
Europe Data Response German Ifo Survey (Dec.) The further increase in the Ifo Business Climate Index in December and the general improvement in the surveys over the past two months suggests the outlook for the German economy has improved. But we... 19th December 2022 · 2 mins read
Europe Rapid Response German Ifo Business Climate Indicator (December) 19th December 2022 · 2 mins read
Europe Data Response German ZEW Survey (December) The further recovery in the ZEW in December confirms that sentiment in Germany has improved a bit, but it remains at a very low level and we still think Germany is now already in a recession. 13th December 2022 · 2 mins read
