Europe Economics French & Spanish GDP (Q4) The French economy’s healthy expansion in Q4 rounded off a strong year, while surveys point to an acceleration in growth ahead. Meanwhile, tensions in Catalonia had little impact on Spanish growth. 30th January 2018 · 1 min read
Europe Economics Weekly Is the ECB’s confidence in the inflation outlook warranted? While ECB President Mario Draghi sounded positive on the outlook for inflation at this week’s press conference, he did so with a justified degree of caution. After all, there is still economic slack... 26th January 2018 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Dec.) The rise in the euro-zone Composite PMI capped off a strong year and puts the economy on a very firm footing for the start of 2018. But with the survey’s price indices edging down in December, the ECB... 14th December 2017 · 1 min read
Europe Commercial Property Update Should we be more bullish on French industrial? Solid economic growth, structural changes, as well as tightening availability and limited land for development will support particularly robust rental growth in Paris in the next few years, where we... 8th December 2017 · 1 min read
Europe Data Response French Industrial Production & German Trade (Oct.) The unexpected jump in French industrial production in October was fairly broad-based and shows that the sector made a very healthy start to Q4. Meanwhile, German trade data for the same month were... 8th December 2017 · 1 min read
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 GDP (Q3), CPI (Oct.) & Cons. Spending (Sep.) The French economic recovery continued at a healthy pace in Q3, marking a good start to Emmanuel Macron’s presidential term. Although inflation edged up in October, it remains fairly subdued, which... 31st October 2017 · 1 min read
Europe Commercial Property Update France investment activity trending lower French investment activity appears to have peaked and prime yield falls have slowed markedly. Whilst it’s likely to be true that this reflects a lack of large, prime stock, we expect 2016 to have... 26th October 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 Data Response German Trade, French & Spanish Industrial Production (Jul.) July’s data on German trade, as well as French and Spanish industrial production, provide some early hints that euro-zone GDP growth might slow a touch in Q3. But the continued strength of activity... 8th September 2017 · 1 min read
Europe Data Response German Industrial Production & French Trade (Jul.) July’s weak German industrial production and French trade data add to signs that euro-zone GDP growth will slow in Q3. But we expect the slowdown to be modest, so while the ECB is unlikely to announce... 7th September 2017 · 1 min read
Europe Economics Weekly French outlook bright despite reform worries French consumers are, rather unusually, very upbeat at the moment, with measures of consumer confidence at or close to multi-year highs. In particular, they are much less worried about being made... 1st September 2017 · 1 min read
Europe Economics Update Hard work begins for Macron as 100-day honeymoon ends After 100 days in office, French President Emmanuel Macron has already begun to reform the labour market. But a decline in his approval rating and a darker fiscal outlook will make it difficult for... 21st August 2017 · 1 min read
Europe Data Response French Industrial Production (Jun.) Although French industrial production fell sharply in June, the sector fared better in Q2 than it did in Q1. And the continued strength of the surveys suggests that June’s decline does not mark the... 10th August 2017 · 1 min read
Europe Data Response German & French Trade (Jun.) Although German and French exporters struggled in June, the outlook for trade in both countries remains fairly bright amid strong growth in global demand and, despite its recent appreciation, the... 8th August 2017 · 1 min read
Europe Data Response German Ifo & French INSEE Business Confidence (Jul.) July’s increase in German Ifo business sentiment to a new record high suggests that neither the euro’s rise nor hints of QE tapering have taken the steam out of the economic upturn so far. 25th July 2017 · 1 min read
