DM Valuations Monitor Is sterling now “fair” value? Although sterling has fallen a long way since the vote for Brexit, the IMF’s latest forecasts for the UK’s current account balance suggest that there is no fundamental reason for it to bounce back... 21st October 2016 · 1 min read
Europe Economics Update Rise in French unemployment is a worrying sign The recent increase in French unemployment seems unlikely to be reversed rapidly. And while a new government may be elected next year promising job-boosting reforms, its success will be limited by... 18th October 2016 · 1 min read
Europe Data Response German, French & Spanish Industrial Production (Aug.) Sharp rises in industrial production in Germany, France and Spain suggest that industry might contribute positively to euro-zone GDP growth in Q3. 7th October 2016 · 1 min read
Europe Commercial Property Update Paris office rents on course to surpass consensus forecasts In the first half of 2016, prime office rental values in Paris have already matched the full year increase predicted by the IPF consensus forecasts. With take-up strong and a limited supply of quality... 1st September 2016 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Aug) August’s slight rise in the euro-zone Composite PMI suggests that, while the region has so far weathered the UK’s Brexit vote, economic conditions remain fairly subdued. 23rd August 2016 · 1 min read
Europe Commercial Property Update Paris offices shrug off France’s wider economic woes French GDP growth slowed markedly in Q2 and is set to be anaemic over the next few years. But, H1 2016 has seen a surge in office investment activity in La Défense, reflecting growing confidence in... 2nd August 2016 · 1 min read
Europe Economics Update France’s Q2 stagnation likely to be more than a one-off While France’s stagnation in the second quarter was partly down to temporary factors, we doubt that there will be a strong rebound in Q3. Indeed, we think that the underlying pace of growth has now... 1st August 2016 · 1 min read
Europe Data Response French Industrial Production & German Trade (May) May’s decline in French industrial production only partly reversed April’s gain but combined with falls elsewhere leaves euro-zone industry looking weak. And Germany’s trade balance fell from its... 8th July 2016 · 1 min read
Europe Economics Weekly Euro 2016 unlikely to kick off French recovery There are hopes that Euro 2016 will provide a boost to the French economy and perhaps lift national sentiment. But any gains in football-related expenditure will be at least partly offset by falls... 10th June 2016 · 1 min read
Europe Data Response French & Italian Industrial Production (Apr.) April’s increases in French and Italian industrial production support the message from Germany that the sector had a decent month. But growth still looks set to slow in Q2 and over the rest of the... 10th June 2016 · 1 min read
Europe Economics Update French strikes darken the economic outlook This week’s French protests over a watered down labour market law highlight just how hard it will be to reform the economy. This suggests that France’s economic weakness will be prolonged... 17th May 2016 · 1 min read
Europe Economics Update Lack of labour market reform will restrict France’s recovery Although the French economy appeared to make a decent start to the year, surveys published this week supported our view that the recovery’s underlying momentum will remain very weak. And the... 24th March 2016 · 1 min read
Europe Data Response French Industrial Production & German Trade (Jan.) January’s rise in French industrial production supports the message from German data that the sector had a good start to the year. But German exports fell in January, suggesting that softer global... 10th March 2016 · 1 min read
Europe Data Response German, French & Spanish Flash CPI (Feb.) German CPI data revealed that inflation fell back below zero in February and, alongside weak readings for French and Spanish inflation, suggested that the eurozone has re-entered deflation. 26th February 2016 · 1 min read
Europe Data Response French & Italian Industrial Production (Dec.) December’s weak industrial production data from France and Italy showed that the sector is still struggling and add to the risk that euro-zone GDP growth slowed in Q4. 10th February 2016 · 1 min read
Europe Commercial Property Update How strong is the outlook for the logistics occupier market in France? Despite the relatively slow economic growth we expect to see in France in the coming years, structural changes in the retail and logistics markets mean that occupier demand for industrial property... 5th February 2016 · 1 min read
