Europe Data Response Spanish GDP Breakdown (Q1) The second release of Spanish GDP confirmed that quarterly growth edged up in Q1 despite a slowdown in consumer spending. While we expect growth to slow in the coming quarters, Spain is still set to... 25th 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 Data Response France, Spain & Austria GDP (Q1, 1st est.) Provisional Q1 GDP data for France, Spain and Austria suggest that euro-zone economic growth accelerated at the start of 2017. And the slower growth in France in Q1 should prove temporary. 28th April 2017 · 1 min read
Europe Data Response German & Spanish CPI (Apr.) April’s increases in harmonised CPI inflation in Germany and Spain suggest that the euro-zone rate rose back to the ECB’s target of close to 2%. But the increase partly reflected the timing of Easter... 27th April 2017 · 1 min read
Europe Economic Outlook Outlook has brightened despite political risk The euro-zone has continued to perform very well and we now expect growth to be stronger than the consensus forecast this year and next. Inflation has been lower than we had assumed, meaning that... 19th April 2017 · 1 min read
Europe Commercial Property Update Are investors right to look past Spanish property? Investor appetite for commercial property in Spain appears to be fading. But with valuations still some way from looking stretched, and a positive outlook for rents, we believe that prime property... 5th April 2017 · 1 min read
Europe Data Response Ger. & Spa. Retail Sales, French Cons. Spending (Feb.) Today’s expenditure data gave mixed messages on the health of the euro-zone’s consumer sector. While higher inflation does not appear to have hit German consumer spending in Q1, spending growth may... 31st March 2017 · 1 min read
Europe Data Response German, Spanish & Belgian Flash CPI (Mar.) March’s declines in headline consumer price inflation in Germany, Spain and Belgium reflected some temporary factors. But the big picture is still that underlying inflation throughout the euro-zone... 30th March 2017 · 1 min read
Europe Economics Update Spanish growth to slow regardless of politics Spain’s political situation is fragile and we cannot rule out a snap election being called this year. But regardless of the politics, deteriorating economic fundamentals mean that economic growth will... 21st March 2017 · 1 min read
Europe Data Response German & Spanish Industrial Production, French Trade (Jan.) January’s rise in German industrial production reversed December’s fall and provided a solid start to Q1. But so far, hard data on Germany and elsewhere in the euro-zone suggest that growth will not... 8th March 2017 · 1 min read
Europe Economics Weekly Euro-zone PMIs consistent with stronger growth Last week’s PMI survey brought some more good news for the euro-zone economy. Accordingly, due to expectations of stronger growth in Q1, we have revised up our GDP forecast for 2017. While the survey... 24th February 2017 · 1 min read
Europe Commercial Property Update Growth in prime Spanish office rents to slow further A slowdown in Spanish economic activity and rising office developments are set to weigh on prime office rental growth in Barcelona and Madrid over the coming years. Nonetheless, growth in both cities... 30th January 2017 · 1 min read
Europe Economic Outlook Euro-zone back in the spotlight in 2017 The European economies have continued to fare relatively well, with euro-zone growth in particular supported by a weaker currency and low inflation. However, a temporary surge in inflation this year... 17th January 2017 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Dec.) November’s data brought further signs of public finances improving in the euro-zone’s periphery. But the Greek bail-out deal is at risk of collapse, and the Italian banking sector remains in a parlous... 11th January 2017 · 1 min read
Europe Chart Pack Surveys and hard data point to Q4 GDP growth pick-up Recent hard data for the euro-zone have generally been encouraging. Despite falling in November, the level of retail sales remains fairly high after a strong rise in October. And while industrial... 9th January 2017 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Nov.) In October, signs of fiscal slippage eased somewhat in the euro zone’s periphery. But the Greek bailout deal remains at risk of collapse and the growing likelihood of a bail-out for Italian banks... 13th December 2016 · 1 min read
