Europe Data Response German Flash CPI (Sep.) September’s drop in inflation back below zero for the first time since January highlights that price pressures are very subdued and will add to pressure on the ECB to increase its policy support. 29th September 2015 · 1 min read
Europe Data Response German Ifo Survey (Sep.) The small rise in the German Ifo index in September came as a modestly pleasant surprise in light of the recent softening in some other business surveys. But the China slowdown and VW scandal present... 24th September 2015 · 1 min read
Europe Data Response German ZEW (Sep.) September’s ZEW survey confirmed that recent market turmoil and concerns over the global environment have had an adverse impact on German investor confidence. For now, though, the economy itself... 15th September 2015 · 1 min read
Europe Data Response German Industrial Production (Jul.) July’s German industrial production figures revealed a smaller than expected rebound after June’s decline and put an early dent in hopes of a re-acceleration in growth in the third quarter. 7th September 2015 · 1 min read
Europe Chart Pack Deflation dangers still lingering While the crisis in Greece appears to have receded at least temporarily, the euro-zone still faces serious challenges in the form of weak growth and persistent deflation risks. As the Chart below... 2nd September 2015 · 1 min read
Europe Data Response German Ifo Survey (Aug) & GDP Breakdown (Q2) August’s German Ifo survey suggested that GDP growth had continued to accelerate in Q3. But expectations for the future were weakening even before the latest rise in the euro, suggesting that growth... 25th August 2015 · 1 min read
Europe Economics Update Greek bailout approved, but implementation doubtful The German Parliament’s approval of the third Greek bailout should prompt payments allowing Greece to narrowly avoid default yet again. But Grexit risks have not disappeared and are likely to flare up... 19th August 2015 · 1 min read
Europe Data Response Euro-zone GDP (Q2 Prov.) Euro-zone GDP growth lost some pace in the second quarter, with a renewed divergence between healthy growth in Germany and stagnation in France. 14th August 2015 · 1 min read
Europe Data Response German ZEW (Aug.) August’s fall in ZEW investor sentiment suggests that, despite Greece moving closer to a deal with its creditors, investors are increasingly worried about Germany’s recovery. 11th August 2015 · 1 min read
Europe Economics Weekly Can the Spanish economy keep its place in the sun? Spain is set to remain the fastest growing of the major euro-zone economies for the next few quarters. But while the economy’s fundamentals have improved, the recent impressive growth rates also rest... 7th August 2015 · 1 min read
Europe Data Response German, French & Spanish Industrial Production (Jun.) June’s industrial production from the euro-zone’s major economies suggested that next week’s figures on GDP growth in the currency union will reveal a slowdown from the already modest growth rates... 7th August 2015 · 1 min read
Europe Economics Focus Why hasn’t the German recovery taken off? Hopes that Germany would drive a strong euro-zone recovery have faded as subdued demand for its exports has offset the boost from a weaker euro. This trend is set to continue. And as the consumer... 6th August 2015 · 1 min read
Europe Data Response German Flash CPI (Jul.) July’s inflation data confirmed that price pressures in Germany are very subdued, underlining the need for continued and perhaps increased ECB policy support. 30th July 2015 · 1 min read
Europe Data Response German Ifo Survey (Jul.) July’s rise in German Ifo business sentiment is an encouraging sign that the recovery has continued despite the Greek crisis, although it does not seem to be gaining much pace. 27th July 2015 · 1 min read
Europe Economics Weekly Weak growth hindering euro-zone’s fiscal progress Greece last week passed the necessary reforms to start negotiations with its creditors on a third bailout. But with the country back in recession, it will struggle to meet the creditors’ fiscal goals... 24th July 2015 · 1 min read
Europe Commercial Property Update Greater scope for prime office yields to narrow in Munich than London The spread between government bond yields in Germany and the UK is less indicative of the relative strength of the two countries’ economic outlooks than it was in the past. As such, in contrast to... 22nd July 2015 · 1 min read
