Europe Data Response French & Italian Industrial Production (Sep.) Today’s French and Italian industrial production data, along with other national data released earlier in the week, suggest that euro-zone output fell by 0.6% in September. But forward-looking... 10th November 2017 · 1 min read
Europe Data Response French & Italian Ind. Prod. & German Trade (Aug.) The unexpected softness of French industrial production in August suggests that industry weighed on France’s GDP growth in the third quarter and contrasted with the robust Italian data. Meanwhile... 10th October 2017 · 1 min read
Europe Economics Update Is Italy no longer a risk? Italy’s eurosceptic parties have recently eased up on their most anti-euro rhetoric, but it is far too early to sound the all clear. With the banking sector weak, public debt very high and the economy... 6th September 2017 · 1 min read
Europe Data Response Italian GDP Breakdown (Q2) & Greek GDP (Q2) Italy’s economy is improving steadily, but is likely to continue growing more slowly than the euro-zone as a whole. This leaves it vulnerable to losses of confidence, perhaps sparked by concerns about... 1st September 2017 · 1 min read
Europe Economics Update Are Italy’s banks ready to support the economic recovery? Italy’s banking sector has seen signs of improvement this year. But it is a long way from full health, so the country’s lenders are unlikely to contribute significantly to the economic recovery any... 14th August 2017 · 1 min read
Europe Economics Weekly Ten years on, is the euro-zone out of the woods? Ten years ago this week marked the start of the global financial crisis and a challenging time for the euro-zone economy. In many respects, the euro-zone finally appears to be out of the woods. Growth... 11th August 2017 · 1 min read
Europe Economics Update How big a worry is euroscepticism in Italy? The latest Eurobarometer survey suggested that Italy is one of the most eurosceptic members of the single currency. While there are reasons why an Italian exit from the euro over the next few years is... 7th August 2017 · 1 min read
Europe Economic Outlook Euro-zone will continue to impress The European economies are still in good shape, with the euro-zone benefitting from reduced political uncertainty and high levels of business and consumer confidence. We think that this strong... 19th July 2017 · 1 min read
Europe Economics Update Italian bank rescue raises long-term concerns While the state aid granted to two regional Italian lenders over the weekend has reduced the risks to the Italian economy in the near term, it shows that the so-called “doom loop” between the banking... 27th June 2017 · 1 min read
Europe Economics Update Will Portugal continue to outperform Italy? Portugal’s economy has outperformed Italy’s in recent years as easing austerity, progress with labour reforms and improvements in competitiveness have all borne fruit. We expect this to continue. 22nd June 2017 · 1 min read
Europe Economics Update What do political developments mean for Italy’s economy? On the face of it, the Five Star Movement’s poor showing in recent local elections bodes well for pro-euro parties and Italy’s economy. However, the chance of an early election has fallen, so... 12th June 2017 · 1 min read
Europe Data Response Italian GDP Breakdown (Q1) The upward revision to Italy’s GDP in Q1 is not as encouraging as it first appears. And with the chance of an early election rising, Italy’s already-weak economy looks vulnerable to the rise of euro... 1st June 2017 · 1 min read
Europe Data Response Italian GDP (Q1) & Dutch GDP (Q1) The first estimate of Italian Q1 GDP showed that the economy grew more slowly than the euro-zone as a whole. With growth likely to remain fairly subdued, the economy remains vulnerable, perhaps most... 16th May 2017 · 1 min read
Europe Economics Update Will Italy be the next domino not to fall? Anti-euro parties probably have a better chance of forming a government in Italy than in France. The election of an Italian eurosceptic government would not spell immediate disaster, but risks to the... 9th May 2017 · 1 min read
Europe Chart Pack A rising tide lifts all boats Survey data suggest that economic momentum among the major euro-zone economies has converged in 2017. Indeed, in April the spread between the Composite PMIs for Germany, France, Italy and Spain was... 4th May 2017 · 1 min read
Europe Commercial Property Update Jump in Milan office rents unlikely to be sustained Prime office rents in Milan recorded their biggest quarterly gain since 2008 in Q1, with a lack of quality space a key driver. But with completions starting to rise, we don’t expect this to be... 4th May 2017 · 1 min read
