Europe Data Response German ZEW (May) May’s fall in German ZEW investor sentiment suggests that growing fears over Greece together with the recent rise in bond yields and appreciation of the euro exchange rate have damaged the economic... 19th May 2015 · 1 min read
Europe Economics Weekly Market gyrations could threaten recovery The sharp rise in euro-zone bond yields and further appreciation of the euro last week might look like a response to the recent improvement in the euro-zone’s economic performance. But the renewed... 8th May 2015 · 1 min read
Europe Data Response German Industrial Production & Trade (Mar.) March’s German industrial production and trade data offer some signs that the weaker euro is providing a boost to the economy, but seem to confirm that GDP growth slowed in Q1 compared to Q4. 8th May 2015 · 1 min read
Europe Data Response German Flash CPI (Apr.) April’s slightly bigger-than-expected rise in German HICP inflation will reinforce hopes that recent price declines were a temporary phenomenon that will have positive effects on the economy. But with... 29th April 2015 · 1 min read
Europe Data Response German Ifo Survey (Apr.) April’s rise in the Ifo German Business Climate Indicator (BCI) suggests that economic conditions are holding up despite the Greek crisis and comes as a relief after falls in the ZEW and PMI surveys. 24th April 2015 · 1 min read
Europe Commercial Property Update Low vacancy rates set to support office rental growth in Germany Vacancy rates across Germany have edged lower over the past year. Consistent with that, rental values have also been moving up. Given that vacancy rates are now generally below their pre-crisis... 21st April 2015 · 1 min read
Europe Data Response German ZEW (Apr.) April’s fall in German ZEW investor sentiment suggests that fears over Greece are starting to dent confidence in the German economic recovery. 21st April 2015 · 1 min read
Europe Economics Update Is loose monetary policy inflating bubbles in Germany? With the ECB’s quantitative easing programme putting upward pressure on German asset prices in particular, some point to a risk of bubbles developing there. We think the greater risk is that such... 13th April 2015 · 1 min read
Europe Commercial Property Update German logistics capital value growth unlikely to outperform Despite decent prospects for German industrial output, logistics capital value growth seems unlikely to outperform the office and retail sectors, or logistics property in other countries. That’s... 9th April 2015 · 1 min read
Europe Data Response German Industrial Production & Trade (Feb.) German industrial production and trade data for February offered tentative signs that the economy is benefitting from the weaker exchange rate. But the data seem to confirm that growth slowed in Q1... 9th April 2015 · 1 min read
Europe Economic Outlook Recovery prospects clouded by Greece Recent indicators have brought signs of a renewed recovery in the euro-zone economy, reflecting the beneficial effects of lower oil prices and the decline in the euro exchange rate. But the picture... 8th April 2015 · 1 min read
Europe Data Response German Flash CPI (Mar.) March’s rise in German HICP inflation will add to hopes that recent price declines were a temporary phenomenon that will have positive effects on the economy. But with core inflation still very low... 31st March 2015 · 1 min read
Europe Economics Weekly Euro-zone consumers look ready to start spending Buoyed by falling unemployment, rising equity prices and a boost to their spending power from a lower oil price, euro-zone consumers have become increasingly confident, with the EC’s measure of... 27th March 2015 · 1 min read
Europe Data Response German Ifo Survey (Mar.) March’s rise in the German Ifo index provided further evidence that the recovery in the euro-zone’s largest economy continued in Q1 as firms shrugged off fears over Greece and the weaker euro started... 25th March 2015 · 1 min read
Europe Commercial Property Update Will QE provide a boost to Frankfurt office occupier demand? The ECB’s QE programme will be a modest boon for some financial firms. And it should help to sustain the recent rise in financial sector confidence. In turn, that should feed through into occupier... 19th March 2015 · 1 min read
Europe Data Response German ZEW (Mar.) & Euro-zone Employment (Q4) March’s modest rise in the ZEW investor sentiment index suggests that hopes for the German economy have been tempered by worries over the effects of the Greek crisis. 17th March 2015 · 1 min read
