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 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 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 Economics Update Berlin election to add to signs of euro-scepticism This Sunday’s election in Berlin is set to bring more evidence of the growing influence of the far-right AfD. While the party does not have enough support to govern Germany, its rise will encourage a... 16th September 2016 · 1 min read
Europe Commercial Property Update Outlook for German retail rents still positive With the exception of Berlin, prime retail rents in Germany’s four main cities have stagnated over the past year or so. But with a healthy economic outlook, we do not think that this is a sign that... 15th September 2016 · 1 min read
Europe Data Response German ZEW Survey (Sep.) & Euro-zone Employment (Q2) The fact that ZEW investor sentiment was unchanged in September despite the easing of fears about the effects of Brexit adds to signs that underlying growth in the German economy is set to slow. 13th September 2016 · 1 min read
Europe Data Response German Industrial Production (Jul.) July’s drop in German industrial production may have partly reflected temporary factors, but it provides a very weak base for GDP in Q3. The industrial sector should resume its expansion in the coming... 7th September 2016 · 1 min read
Europe Data Response German Flash CPI (Aug.) August’s slowdown in German inflation was weaker than most forecasters had expected last week, but was broadly consistent with the state-level data released this morning. While inflation should pick... 30th August 2016 · 1 min read
Europe Data Response German Ifo Survey (Aug.) August’s sharp fall in the German Ifo survey points to a slowdown in annual German economic growth to around 1%. 25th August 2016 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Aug) August’s slight rise in the euro-zone Composite PMI suggests that, while the region has so far weathered the UK’s Brexit vote, economic conditions remain fairly subdued. 23rd August 2016 · 1 min read
Europe Data Response German ZEW Survey (Aug.) & Euro-zone Trade (Jun.) August’s German ZEW investor survey shows that sentiment has partly recovered from July’s Brexit-related decline, but it still points to a sharp slowdown in German GDP growth to come. 16th August 2016 · 1 min read
Europe Data Response German Industrial Production (Jun) Despite June’s rise in German industrial production, output in the sector fell in Q2 compared to Q1. Industrial growth should pick up a little in the months ahead, but it is likely to remain subdued... 8th August 2016 · 1 min read
Europe Data Response German Flash CPI (Jul.) July’s rise in German inflation further into positive territory is likely to be followed by continued increases in the coming months. But even in Germany, we do not think that inflation is on track to... 28th July 2016 · 1 min read
Europe Data Response German Ifo Survey (July) July’s Ifo survey supported the message from the PMI that German economic activity has not yet suffered from the UK’s Brexit vote. But the dip in businesses’ expectations may suggest that a slowdown... 25th July 2016 · 1 min read
Europe Data Response German ZEW Survey (Jul.) & E-Z Bank Lending Survey (Q2) July’s German ZEW Survey, which was conducted over the past two weeks, suggests that investors are more worried about the effects of Brexit on the German economy than the financial market response has... 19th July 2016 · 1 min read
Europe Data Response German Industrial Production (May) May’s sharp fall in German industrial production adds to the evidence that GDPgrowth in the region’s largest economy slowed sharply in Q2. And the recoverylooks likely to ease further in the second... 7th July 2016 · 1 min read
