Europe Data Response German Industrial Production & Trade (Aug.) August’s German industrial production and trade figures suggest that, unlike most of the rest of the euro-zone, the economy is probably avoiding a recession for now. 8th October 2012 · 1 min read
Europe Commercial Property Update Cheap relative rents driving Frankfurt retail occupier appeal Recent evidence shows that the Frankfurt retail market is seeing very strong occupier demand. But this demand seems to be driven more by the low level of Frankfurt retail rents relative to the... 27th September 2012 · 1 min read
Europe Data Response German Ifo Survey (Sep. 12) September’s fall in the German Ifo business survey is a reminder that even the euro-zone’s strongest economies are suffering from a severe economic downturn. 24th September 2012 · 1 min read
Europe Commercial Property Focus In which German city is the office rental outlook best? Over the next five years we think that, with regard to the outlook for rental values, the composition of its occupier base and its low level of rental values means that, on average, Frankfurt is... 20th September 2012 · 1 min read
Europe Data Response German ZEW Survey (Sep. 12) September’s rise in ZEW investor sentiment was broadly encouraging, but the index remains consistent with a sharp deterioration in German economic activity. We still see GDP falling by about 1.0% next... 18th September 2012 · 1 min read
Europe Data Response German Industrial Production & Trade (Jul.) July’s German industrial production and trade figures suggest that the economy made a good start to the third quarter despite falling demand elsewhere in the euro-zone. 7th September 2012 · 1 min read
Europe Data Response German Industrial Production (Jun.) June’s industrial production figures did little to reduce the danger that the German economy tipped into recession in the second quarter. 8th August 2012 · 1 min read
Europe Data Response German Ifo Survey (Jul.) July’s Ifo index will add to the growing concerns over the health of the German economy and the outlook for the country’s credit rating. 25th July 2012 · 1 min read
Europe Data Response German ZEW Survey (Jul.) July’s fall in the ZEW investor expectations index is another sign that Germany’s earlier economic resilience is over. The weakness of sentiment regarding even the region’s strongest economy supports... 17th July 2012 · 1 min read
Europe Data Response German ZEW Survey (Jul.) July’s fall in the ZEW investor expectations index is another sign that Germany’s earlier economic resilience is over. The weakness of sentiment regarding even the region’s strongest economy supports... 17th July 2012 · 1 min read
Europe Commercial Property Update Fall in Bund yields does not change weak property price outlook The sharp fall in 10-year German Bund yields since the end of Q1 has pushed all-property/Bund yield spreads in the euro-zone to new highs. Clearly, property yields now incorporate some allowances for... 12th July 2012 · 1 min read
Europe Data Response German Industrial Production (May) May’s monthly bounce in German industrial production does not alter the picture of a sharp slowdown in the sector previously considered the economy’s main engine of growth. 6th July 2012 · 1 min read
DM Markets Chart Pack German Bunds start to lose their shine The yield on ten year German Bunds rose by around 30bp in June, despite the fact that the yield on ten year US Treasuries barely increased. The rise in the ten year Bund yield may have partly... 3rd July 2012 · 1 min read
Europe Commercial Property Update Most European office markets to suffer drop in take-up Our recent finding that the investment component of the German national accounts data is related to office take-up volumes seems also to apply in most other European office markets. Accordingly, our... 2nd July 2012 · 1 min read
Europe Data Response Euro-zone EC Survey (Jun) June’s EC survey mirrors the picture from other timely indicators lately that the euro-zone is in a deepening and broadening recession. This further underlines the need for policymakers to come up... 28th June 2012 · 1 min read
Emerging Europe Economics Focus What would euro break-up mean for Emerging Europe? The economic and financial effects of a limited break-up of the euro-zone could knock some 2-3% off the level of Emerging Europe’s GDP by the end of 2013. But a bigger, more disorderly, break-up would... 27th June 2012 · 1 min read
