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
Europe Data Response German ZEW (May) May’s fall in the headline ZEW index adds to evidence that the German economic recovery may be starting to slow. 17th May 2011 · 1 min read
Europe Commercial Property Update German industrial recovery still insufficient to trigger rental growth This morning’s German trade balance data, together with last week’s production data, suggest that Germany’s industrial recovery still has plenty of momentum. Yet, the strong recovery seen so far has... 9th May 2011 · 1 min read
Europe Data Response German Industrial Production (Mar.) March’s German industrial production figures add to other signs that the wider economy made a strong start to the year. But there is growing evidence that the industrial recovery may have started to... 6th May 2011 · 1 min read
Europe Data Response German Flash CPI (Apr.) April’s sharp rise in the German CPI inflation figures will do nothing to ease the ECB’s concerns over rising inflationary pressures. But the pick-up is not quite as alarming as it initially seems. 27th April 2011 · 1 min read
Europe Data Response German Ifo Survey (Apr.) April’s Ifo survey added to the recent tentative evidence that the super-strong German economic recovery is starting to come off the boil a little bit. 21st April 2011 · 1 min read
Europe Data Response German ZEW (Apr.) April’s fall in the headline German ZEW index does little to alter our view that the German economy will continue to grow at a pretty robust pace over the coming months. 12th April 2011 · 1 min read
