Europe Data Response German Industrial Production & Trade (Jun.) June’s industrial production and trade figures suggest that the previously booming German economy is already feeling the effects of trade tensions. But with the domestic economy in good shape and... 7th August 2018 · 1 min read
Europe Data Response EC Business & Consumer Survey (July) July’s very small fall in the EC measure of economic sentiment supports our view that euro-zone growth is slowing only slightly from a strong pace. But producers’ price expectations remain weak and... 30th July 2018 · 1 min read
Europe Commercial Property Update Pick-up in Frankfurt office rents won’t be sustained Strong occupier demand and limited completions have boosted prime Frankfurt office rents. But with demand likely to ease and completions on the rise, this pick-up in rental growth is unlikely to last... 25th July 2018 · 1 min read
Europe Data Response German Ifo Survey (July) July’s very small fall in the Ifo Business Climate Indicator (BCI) left it still pointing to strong German GDP growth, which will encourage the ECB to maintain a fairly optimistic tone when it meets... 25th July 2018 · 1 min read
Global Economics Update Putting the EU’s surplus in a global context The EU’s and, particularly, Germany’s trade practices have been criticised heavily by President Trump, prompting him in early July to label the trade bloc “as bad as China”. However, from a global... 20th July 2018 · 1 min read
Europe Commercial Property Update Wage differentials support CEE industrial border markets Growing occupier demand for industrial units close to the German and Austrian borders will offset the slower economic growth that we are expecting in the next few years in the CEE markets. This will... 18th July 2018 · 1 min read
Europe Data Response German ZEW (Jul.), French & Italian Ind. Prod. (May) The further decline in German ZEW investor sentiment seems to reflect concerns about the impact of possible protectionist measures. But May’s industrial production data for France and Italy support... 10th July 2018 · 1 min read
Europe Data Response German Industrial Production (May) May’s industrial data add to the evidence that the weakness in the sector earlier in the year was at least partly down to temporary factors. Overall, the German economy has clearly shifted down a gear... 6th July 2018 · 1 min read
Europe Data Response German Ifo Survey (June) While the Ifo Business Climate Indicator edged down in June, it remains at a high level and therefore adds to evidence from the PMI that growth picked up somewhat in Q2 after a slow start to the year. 25th June 2018 · 1 min read
Europe Data Response German & French Industrial Production (Apr.) April’s data for industrial production in Germany and France add to the evidence that the euro-zone economy is unlikely to rebound strongly after Q1’s slowdown. 8th June 2018 · 1 min read
Europe Commercial Property Update German retail well beyond peak occupier demand Retail letting volumes in Germany’s main cities have been trending downwards over the past few years, putting upwards pressure on the spread between prime and secondary yields. With demand for... 25th May 2018 · 1 min read
Europe Data Response German Ifo Survey (May) The stabilisation of the German Ifo in May is encouraging and provides some hope that a rebound in growth is on the cards in Q2. We doubt that the economy will regain all of its lost momentum, but it... 25th May 2018 · 1 min read
Europe Data Response German GDP (Q1, Breakdown) Q1’s 0.3% rise in German GDP marked a weak start to the year. But temporary factors were partly to blame and the strength of investment in particular is an encouraging sign that the upturn still has... 24th May 2018 · 1 min read
Europe Data Response Euro-zone GDP (Q1), IP (Mar.) & German ZEW (May) We think that the slowdown in euro-zone GDP growth in Q1 largely reflected temporary effects. So we remain optimistic that the economy will perform better over the rest of the year. 15th May 2018 · 1 min read
Europe Data Response German & Dutch GDP (Q1) The sharper-than-expected slowdowns in both German and Dutch GDP in Q1 suggest that there is a risk that euro-zone GDP will be revised down from the first estimate of 0.4% q/q. But with Q1’s weakness... 15th May 2018 · 1 min read
Europe Data Response German Industrial Production & Trade (Mar.) March’s improvements in German industrial production and the trade balance support our view that while Q1 was a pretty poor quarter, this will not mark the start of a sustained economic slowdown. 8th May 2018 · 1 min read
