Europe Data Response German & Spanish Industrial Production (Aug.) August’s sharp falls in German and Spanish industrial production suggest that weakness in emerging economies may have caused their GDP growth to slow in Q3. 7th October 2015 · 1 min read
Europe Economics Update Catalan cloud could rain on Spain This weekend’s regional election could put Catalonia on a course towards secession, casting a cloudover Spain’s recovery and galvanising other independent-minded regions of the euro-zone 22nd September 2015 · 1 min read
Europe Commercial Property Update Should property investors be worried about the elections in Spain? Both the regional election in Catalonia later this month, and the general election in December, represent a risk for property investors in Spain. Yet there are a number of reasons to believe that the... 17th 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 Spanish GDP (Q2 2nd est.) The strong expansion in Spain’s economy in Q2 was powered by domestic demand. But this partly reflected the effects of lower oil prices and looser fiscal policy ahead of the general election. As these... 27th August 2015 · 1 min read
Europe Economics Focus How fast can Spain grow? The relief rally in Chinese equities prompted by additional policy stimulus has turned global sentiment around, but a sustained recovery in commodity prices will probably require hard evidence that... 18th August 2015 · 1 min read
Europe Economics Weekly Can the Spanish economy keep its place in the sun? Spain is set to remain the fastest growing of the major euro-zone economies for the next few quarters. But while the economy’s fundamentals have improved, the recent impressive growth rates also rest... 7th August 2015 · 1 min read
Europe Data Response German, French & Spanish Industrial Production (Jun.) June’s industrial production from the euro-zone’s major economies suggested that next week’s figures on GDP growth in the currency union will reveal a slowdown from the already modest growth rates... 7th August 2015 · 1 min read
Europe Data Response Spanish GDP (Q2 est.) & HICP (Jul.) While Spain’s economic recovery gathered more pace in the second quarter, the large amount of spare capacity is still sustaining deflationary pressures in the economy. 30th July 2015 · 1 min read
Europe Economics Weekly Weak growth hindering euro-zone’s fiscal progress Greece last week passed the necessary reforms to start negotiations with its creditors on a third bailout. But with the country back in recession, it will struggle to meet the creditors’ fiscal goals... 24th July 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 Economics Update Spanish households face tougher years ahead Spanish households will struggle to maintain their recent impressive rates of spending growth. And with households facing years of stagnant wages and high unemployment, opposition to further economic... 17th July 2015 · 1 min read
Europe Commercial Property Update Further yield hardening means peripheral markets will be vulnerable Greece’s future in the euro-zone is still far from secure, and upcoming general elections in Portugal, Spain and Ireland could lead to significant political changes. Nevertheless, given that property... 16th July 2015 · 1 min read
Europe Economics Update Spain’s external adjustment has further to run While Spanish exports continue to perform well, imports are also surging as domestic demand recovers. Without further competitiveness gains, Spain’s current account risks falling back into deficit. 19th June 2015 · 1 min read
Europe Economics Update Spain’s trio of economic tailwinds to fade Spain has benefitted from a trio of temporary tailwinds over the last year: the weaker euro, falling oil prices and a pause in fiscal austerity. So official forecasts may be wrong to assume that the... 8th June 2015 · 1 min read
Europe Economics Weekly Strong growth won’t halt rise in Spain’s debt ratio Spain’s economy continues to go from strength to strength and could well grow by more than 3% this year. But with the large amount of spare capacity set to keep inflation negative or low, and growing... 29th May 2015 · 1 min read
