Europe Commercial Property Outlook Europe’s fiscal crisis will dent the occupier market recovery The weakening economic outlook for the euro-zone economy is likely to act as a brake on the recovery in commercial property markets over the next year or two. Rental value growth will moderate in most... 5th August 2011 · 1 min read
Europe Economics Weekly Slowdown spreads to Germany Data last week brought perhaps the firmest signs yet that the slowdown in euro-zone economic activity has spread to the region’s core. With exports weakening in response to slowing world demand and... 2nd August 2011 · 1 min read
Europe Data Response German Flash CPI (Jul.) & Euro-zone M3 (Jun.) July’s rise in German CPI inflation appears to have been driven by energy prices. Underlying price pressures remain subdued and with the economic recovery already slowing, there is little risk of a... 28th July 2011 · 1 min read
Europe Economic Outlook Crisis deepens as slowdown spreads to the core The latest rescue package for Greece has reduced the threat of a near-term catastrophe in the eurozone.But it does not address the fundamental problems facing Greece itself and is unlikely to bring an... 27th July 2011 · 1 min read
Europe Commercial Property Update End of the road for German industrial yield compression? We suspect that Q2’s fall in yields may mark the end of the road for the German industrial investment market recovery. As our fears of a rapid slowdown in the manufacturing recovery are borne out... 26th July 2011 · 1 min read
Europe Data Response German Ifo Survey (Jul.) July’s drop in the German Ifo index was another sign that the recovery in the eurozone’s largest and strongest economy is faltering. 23rd July 2011 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Jul.) The sharp fall in the flash euro-zone PMI in July provides further signs that slowing export growth and the debt crisis is starting to take a heavy toll on the region’s economic recovery both in the... 22nd July 2011 · 1 min read
Europe Data Response German ZEW Survey (Jul.) July’s drop in German ZEW investor sentiment highlights fears that the peripheral crisis could soon do some serious damage to the German economy. 20th July 2011 · 1 min read
Global Markets Update Are the best days for German Bunds behind us? German Bunds have prospered from the escalating crisis in the euro-zone. Earlier this week, the 10- year yield briefly hit 2.5% – a new low for the year – before edging up again to 2.7% now. Our base... 14th July 2011 · 1 min read
Europe Data Response German Industrial Production (May) May’s sharp increase in German industrial production suggested that the euro-zone’s largest economy was still performing very well, but we doubt that this will last. 8th July 2011 · 1 min read
Europe Data Response Euro-zone Flash CPI & German Unemployment (Jun.) June’s euro-zone CPI inflation figures are likely to prompt the ECB to maintain a pretty hawkish tone at next week’s press conference. 1st July 2011 · 1 min read
Europe Data Response German Flash CPI (Jun.) June’s CPI figures suggest that German inflation remains reasonably well contained. But this is unlikely to stop the ECB from increasing interest rates again next week. 29th June 2011 · 1 min read
Europe Data Response German Ifo Survey (Jun.) June’s rise in the Ifo index defies other recent evidence that Germany’s impressive recovery is slowing. Nonetheless, we still think that GDP growth will slow quite sharply over the remainder of the... 25th June 2011 · 1 min read
Europe Data Response German ZEW (Jun.) June’s sharper than expected fall in the headline German ZEW index brought further signs that the German economic recovery has passed its peak. 22nd June 2011 · 1 min read
Europe Data Response German Flash CPI (May) May’s unexpected fall in German CPI, which was probably driven by a drop in the core rate, is a welcome sign that inflationary pressures in the region may not be as great as the ECB think. 27th May 2011 · 1 min read
Europe Data Response German Final GDP (Q1) & Ifo Survey (May) May’s Ifo survey suggests that Germany’s impressive economic recovery continued in Q2. But with other surveys weakening recently and the GDP breakdown suggesting that Q1’s sharp rise in activity was... 24th May 2011 · 1 min read
