Europe Data Response Euro-zone EC Survey (Oct.) October’s EC Business and Consumer Survey suggests that the euro-zone economy got off to a weak start in Q4, after broadly stagnating in Q3. 30th October 2014 · 1 min read
Europe Economics Update Stress tests offer some relief, but not for Italy On the whole, the results of Europe’s bank stress tests were positive, implying that the heavy drag that falls in bank lending have exerted on the euro-zone economy may be set to ease. But poor... 27th October 2014 · 1 min read
Europe Economics Weekly Stress tests to put spotlight on Italy and Greece The Comprehensive Assessment of the euro-zone’s banks published on Sunday should go some way towards restoring sentiment in the banking sector. After all, the adverse economic scenarios to which the... 24th October 2014 · 1 min read
DM Valuations Monitor Credit spreads in Italy and Spain are likely to rise further The average yield spread of 10-year Italian and Spanish sovereign bonds over German Bunds has surged by almost 20 basis points over the past month. We suspect that it may rise further. One reason for... 22nd October 2014 · 1 min read
Europe Economic Outlook Stalled recovery adds to pressure on policymakers The European economic recovery has weakened, with the euro-zone now at risk of recession and countries outside the region feeling the effects on their exports. While the euro-zone’s peripheral... 13th October 2014 · 1 min read
Europe Commercial Property Update What impact will weak economic growth have on Italian retail rents? The relationship between retail sales growth and prime high street rental growth in Italy has broken down in recent years as occupier demand has been driven mainly by luxury retailers. Accordingly, we... 25th September 2014 · 1 min read
Europe Economics Update Looser credit standards may help Italian firms More favourable terms and conditions for loans to Italian firms point to a possible pick-up ininvestment and industrial production in the coming quarters. However, there is little evidence we willsee... 8th September 2014 · 1 min read
Europe Economics Weekly Stalled recovery intensifies pressure on the ECB The euro-zone’s economic recovery came to a complete halt in the second quarter at what shouldhave been a very early stage. There were some temporary factors at play which suggest thatgrowth should... 18th August 2014 · 1 min read
Europe Data Response Euro-zone GDP (Q2 Prov.) The stagnation of the euro-zone economy in the second quarter further underlinedthe need for the European Central Bank (ECB) to take bolder policy action to addressthe continued weakness of the... 14th August 2014 · 1 min read
Europe Data Response Italian GDP (Q2, Prov.) The second consecutive fall in GDP underlines that Italy’s crisis is not over yet. Withpublic debt still rising, market pressures on the country may yet start to build. 6th August 2014 · 1 min read
Europe Commercial Property Update What explains the weakness of Belgian and Italian investment? Belgium’s weak economic fundamentals mean it sits near the bottom of the rankings in terms of core euro-zone commercial property investment destinations. While Italy suffers from an even weaker... 22nd July 2014 · 1 min read
Europe Data Response French & Italian Industrial Production (May) The sharp falls in Italian and French industrial production in May were another sign that the sector’s recovery is already flagging before it has even really begun. 10th July 2014 · 1 min read
Europe Economic Outlook As good as it gets? While the European economic recovery probably picked up a bit of speed in the second quarter of the year, there are growing signs that Q2 was as good as it is likely to get. Activity indicators in the... 8th July 2014 · 1 min read
Europe Economics Update Little relief in sight for Italian households May’s rise in Italy’s unemployment rate highlights the dire economic situation of households. And with inflation now slowing sharply, the country’s public debt ratio risks rising inexorably higher. 1st July 2014 · 1 min read
Europe Economics Focus Can Italy really stop its debt rising? Contrary to official forecasts, Italy’s huge public debt is unlikely to fall over the coming years. Given the size of the economy, this will leave not only Italy in a very precarious position, but... 25th June 2014 · 1 min read
Europe Economics Weekly Peripheral industry on its feet but not ready to run Industrial production is now expanding faster in the euro-zone’s periphery than in the core. While this reflects progress made towards restructuring in the peripheral economies, industry still faces... 16th June 2014 · 1 min read
