Europe Economics Update Sanctions on Russia pose limited threat to Germany The likelihood that the EU will impose stiffer sanctions on Russia has raised concerns about the effecton German exports and the wider economy. But while certain companies rely strongly on trade... 28th July 2014 · 1 min read
Europe Data Response German Ifo Survey (Jul.) & Consumer Confidence (Aug.) July’s drop in the German Ifo Business Climate Indicator (BCI) is another worryingsign that the recovery may have passed its peak. 25th July 2014 · 1 min read
Global Markets Update Franco-German divergence spells trouble ahead Although purchasing managers surveys for July, released earlier today, suggest that the economicrecovery in the euro-zone as a whole is regaining momentum, they also still show a large gap betweenthe... 24th July 2014 · 1 min read
Europe Economics Update Fears of a German housing bubble are overblown German house price inflation is modest by international standards, housing remains affordable andmortgage debt is low. Accordingly, fears of overheating seem overdone and should not ultimatelyprevent... 21st July 2014 · 1 min read
Europe Economics Focus France to fall further behind Germany The recent underperformance of the French economy compared to Germany reflects fundamentalfactors that will drive an even greater wedge between the two economies over time. Thisdivergence will... 17th July 2014 · 1 min read
Europe Data Response German ZEW Survey (Jul.) July’s fall in German ZEW investor sentiment added to signs of a slowdown in theeuro-zone’s largest and strongest economy. 15th July 2014 · 1 min read
Europe Economics Weekly Don't bank on a German industrial resurgence Data published last week revealed that production fell in all four of the euro-zone’s largest economies in May. But the downturn in Germany has been most disappointing given hopes that this industrial... 14th July 2014 · 1 min read
Europe Commercial Property Update How has employment in the main German cities been faring? Over the past six years, office-based employment growth in Munich has outperformed the other major German cities. In contrast, job creation in Frankfurt has been below par. This helps to explain the... 10th July 2014 · 1 min read
Europe Economic Outlook As good as it gets? While the European economic recovery probably picked up a bit of speed in the second quarter of the year, there are growing signs that Q2 was as good as it is likely to get. Activity indicators in the... 8th July 2014 · 1 min read
Europe Data Response German & Spanish Industrial Production (May) Germany’s May industrial production figures arguably brought the strongest warning yet that the euro-zone’s fledgling economic recovery is in danger of grinding to a halt. 7th July 2014 · 1 min read
Europe Data Response Euro-zone EC Survey & German CPI estimate (Jun.) June’s EC Business and Consumer Survey added to signs that the euro-zone recovery could be nearing a peak when it has barely begun. 27th June 2014 · 1 min read
Europe Data Response German Ifo Survey (Jun.) June’s Ifo survey added to signs that German GDP growth may already be slowing at what should have been an early stage of the recovery. 24th June 2014 · 1 min read
Europe Data Response German ZEW Survey (Jun.) & Euro-zone Labour Costs (Q1) June’s fall in ZEW economic expectations suggested that investors were unimpressed by recent ECB action and added to signs that the German recovery is nearing a peak. 17th June 2014 · 1 min read
Europe Data Response German Industrial Production & Trade (Apr.) April’s German industrial production and trade data added to signs that the recovery in the euro-zone’s largest economy may already be slowing. 6th June 2014 · 1 min read
Europe Commercial Property Update Germany's share of total property investment unlikely to fall this year Euro-zone occupier markets stand to benefit as economic growth becomes broader based across the region. Yet while property investment in most countries should increase as a result, over the next year... 5th June 2014 · 1 min read
Europe Data Response Euro-zone Retail Sales (Apr.) & Ger. Factory Orders (Apr.) April’s retail sales data suggested that euro-zone consumers may be beginning to return to the high-street, although so far this seems to have come at the expense of non-retail spending. 5th June 2014 · 1 min read
