Europe Data Response German & Spanish Industrial Production (Dec.) December’s industrial production data for Germany and Spain show few signs that the export-sensitive areas of the euro-zone economy have yet received a boost from the drop in the euro exchange rate. 6th February 2015 · 1 min read
Europe Economics Weekly Markets still complacent on Greece’s debt challenge Our concerns that the markets have been under-estimating the challenge faced by the new Syriza-led Greek Government and the Troika in trying to reach a mutually acceptable solution to Greece’s debt... 30th January 2015 · 1 min read
Europe Data Response German Flash CPI & Unemployment (Jan.) January’s drop in German HICP inflation well into negative territory highlights the strength of deflationary pressures in even the euro-zone’s strongest economies. While falls in prices should prove... 29th January 2015 · 1 min read
Europe Economics Update Rise of populist parties unlikely to end austerity Syriza’s victory in the Greek general election may increase the influence of anti-austerity parties elsewhere in the euro-zone, most notably Podemos in Spain. But resistance from Germany seems set to... 27th January 2015 · 1 min read
Europe Data Response German Ifo Survey (Jan.) January’s rise in the German Ifo index suggests that fears about the effect of the Greek crisis on the German economy have so far been offset by the perceived benefits of a weaker euro and ECB... 26th January 2015 · 1 min read
Europe Economics Weekly Two cheers for the ECB The ECB’s Governing Council deserves credit for meeting the demandingly high level of expectations with last week’s announcement of a quantitative easing programme worth at least €1trn. The size and... 23rd January 2015 · 1 min read
Europe Economic Outlook Crisis 2.0? The onset of deflation in the euro-zone and the recent developments in Greece have served as powerful reminders of the lasting effects of the region’s debt crisis. The ECB will seek to tackle... 20th January 2015 · 1 min read
Europe Data Response German ZEW & Euro-zone Bank Lending Survey (Jan.) January’s rise in ZEW investor sentiment showed that confidence in the German economy was holding up well despite fears for Greece. But investors may take a dimmer view following this week’s Greek... 20th January 2015 · 1 min read
Europe Economics Weekly SNB move is a heavy blow for the Swiss economy The sharp appreciation of the franc caused by the Swiss National Bank’s abandonment of its currency ceiling last week led to a substantial drop in the domestic value of the SNB’s foreign currency... 16th January 2015 · 1 min read
Europe Commercial Property Update How will German logistics occupier demand fare this year? Despite Germany’s recent slowdown, logistics operators and customers report that market conditions are above average. And, despite our forecasts for overall soft economic growth this year, trade and... 14th January 2015 · 1 min read
Europe Data Response German, French and Spanish Industrial Production (Nov.) November’s country data on industrial production and trade suggest that the euro-zone’s major economies have continued to stagnate at best, increasing the threat of a prolonged bout of deflation in... 9th January 2015 · 1 min read
Europe Data Response German Ifo Survey (Dec.) December’s German Ifo survey provided some comfort that recent overseas events have not yet hit the economy, but remains consistent with only weak rates of expansion. 18th December 2014 · 1 min read
Europe Commercial Property Update Subdued German occupier demand offset by tight supply The subdued outlook for German GDP growth suggests that occupiers will be cautious with regard to expansion plans in 2015. Nevertheless, relatively tight office and retail supply conditions imply that... 17th December 2014 · 1 min read
Europe Data Response German ZEW Survey (Dec.) & Euro-zone Trade (Oct.) December’s sharp rise in German ZEW investor sentiment is an encouraging sign that confidence has so far not been hit by renewed problems in Greece, but the improvement is at odds with the weakness of... 16th December 2014 · 1 min read
Europe Data Response German Industrial Production (Oct.) October’s modest rise in German industrial production suggests that the benefits of a weaker euro are so far being offset by weak demand in Germany and the rest of the euro-zone and bodes ill for GDP... 8th December 2014 · 1 min read
Europe Commercial Property Outlook Further yield compression to boost capital values Further monetary easing from the ECB is unlikely to be decisive enough to put the euro-zone on a stronger growth trajectory, implying that the outlook for occupier markets is subdued. Nevertheless... 4th December 2014 · 1 min read
