Europe Commercial Property Update Industrial rents in Milan set for steady growth The high level of industrial take-up in Italy over the past two years demonstrates the strong effect that e-commerce has had on occupier demand. With the Italian economy now on a positive, albeit... 12th January 2016 · 1 min read
Europe Economics Update Has Italy really been the biggest beneficiary of QE? Recent suggestions that Italy has gained the most from QE paint a pretty bleak picture of the policy’s effectiveness. As it happens, we are not convinced that Italy has been the biggest winner. Either... 18th November 2015 · 1 min read
Europe Economics Update Italy’s economy likely to continue to disappoint Today’s Italian GDP data were disappointing and we expect the economy to continue to grow at a fairly slow pace. As a result, the government debt-to-GDP ratio is unlikely to fall over the coming years... 13th November 2015 · 1 min read
Europe Data Response French & Italian Industrial Production (Sep.) September’s industrial production data from France and Italy added to the evidence that euro-zone industrial growth might have slowed in Q3 from its already weak pace. 10th November 2015 · 1 min read
Europe Economics Update Will Italy’s labour market recovery continue? Italy’s labour market has shown some strong signs of improvement since the summer, but we suspect that this is unlikely to last. Reduced tax incentives for hiring, as well as sluggish economic growth... 9th November 2015 · 1 min read
Europe Data Response French, Italian & Dutch Industrial Production (Aug.) A mixed set of national industrial production data for August from France, Italy and the Netherlands suggested that while euro-zone industry might have fared slightly better in Q3 than it did in Q2... 9th October 2015 · 1 min read
Europe Economics Update Rising Italian confidence not enough to secure recovery The high level of consumer and business confidence in September added to the recent run of positive data coming from Italy. But strong confidence alone will not be enough to secure a sustained... 28th September 2015 · 1 min read
Europe Economics Update How does Italian private debt compare to public debt Italy’s public debt load is worryingly high, but private sector debt is much less of a concern. This provides some grounds for optimism that a recovery in the private sector which increases the size... 23rd September 2015 · 1 min read
Europe Chart Pack Deflation dangers still lingering While the crisis in Greece appears to have receded at least temporarily, the euro-zone still faces serious challenges in the form of weak growth and persistent deflation risks. As the Chart below... 2nd September 2015 · 1 min read
Europe Data Response Euro-zone GDP (Q2 Prov.) Euro-zone GDP growth lost some pace in the second quarter, with a renewed divergence between healthy growth in Germany and stagnation in France. 14th August 2015 · 1 min read
Europe Economics Update Italy’s recovery and reforms show no signs of boosting jobs The Italian economy’s tentative return to growth and recent structural reforms are unlikely to feed into a meaningful labour market recovery for some time yet. So frustrations with Mr Renzi’s... 4th August 2015 · 1 min read
Europe Economics Focus Italy’s recovery: lessons from Iberia Spain’s and Portugal’s recoveries offer some hope for Italy, the periphery’s laggard. But Italy’s exports are still too uncompetitive and its firms too unprofitable to mimic the export and investment... 22nd July 2015 · 1 min read
Europe Data Response French & Italian Industrial Production (May) The rebound in French and Italian industrial production in May came as a welcome relief after Q2’s weak start and the disappointing German data earlier in the week. But across the euro-zone as a whole... 10th July 2015 · 1 min read
Europe Economics Update Reforms will help Italian banks crawl back to health Recent reforms will help Italy’s fragile banking system. But a legacy of bad debts and the earlier tightening of lending standards will weigh on the country’s recovery for a while yet. 2nd July 2015 · 1 min read
Europe Economics Update Italy still not ready to pay down its debt Italy’s fiscal position is gradually improving. But contrary to the message from official forecasts, Italy has not yet done enough to start paying down its colossal public debt. 16th June 2015 · 1 min read
Europe Data Response French & Italian Industrial Production (Apr.) The falls in French and Italian industrial production in April suggest that euro-zone industry will be a weaker driver of GDP growth in Q2. 10th June 2015 · 1 min read
