Europe Economics Update French political turmoil adds to near-term economic risks The latest anti-austerity backlash from within the French Government, together with supportive comments from the ECB, offer hope that the euro-zone’s fiscal straightjacket could be loosened in future... 26th August 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 French Industrial Production & German Trade (Jun.) Despite an improvement in June, French industrial data suggest that industry probablydragged on overall euro-zone growth in Q2. Meanwhile, Germany’s latest trade dataindicate that the external sector... 8th August 2014 · 1 min read
Europe Commercial Property Update Will Paris’ occupier demand outperformance last? Parisian office take-up grew by 55%y/y in the second quarter, but fell in three of the top four German cities, including a 45%y/y fall in Frankfurt. Nevertheless, the underlying weakness of the French... 7th August 2014 · 1 min read
Global Markets Update Franco-German divergence spells trouble ahead Although purchasing managers surveys for July, released earlier today, suggest that the economicrecovery in the euro-zone as a whole is regaining momentum, they also still show a large gap betweenthe... 24th July 2014 · 1 min read
Europe Economics Update Subsidence in the French construction sector Construction is set to remain one of the worst performing parts of the French economy. The sector’sproblems are symptomatic of the challenges facing the broader economy. 18th July 2014 · 1 min read
Europe Economics Focus France to fall further behind Germany The recent underperformance of the French economy compared to Germany reflects fundamentalfactors that will drive an even greater wedge between the two economies over time. Thisdivergence will... 17th 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 Commercial Property Update Will France’s large shopping centre pipeline put pressure on rents? France’s large shopping centre pipeline is consistent with the below average level of existing stock. Although it is unlikely to result in a supply overhang, given the weak retail demand fundamentals... 9th 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 PMIs highlight France’s stuttering recovery The French economy is probably faring a little better than June’s dreadful PMIs suggest. But more austerity and weak competitiveness mean that it will continue to weigh on the euro-zone’s recovery. 23rd June 2014 · 1 min read
Europe Commercial Property Update Yield compression to boost Paris industrial property values Paris industrial occupier conditions continue to be challenging. Yet the increasing need for modern stock could still drive rental growth. And, with increased investor appetite for logistics exposure... 12th June 2014 · 1 min read
Europe Data Response French & Italian Ind. Production (Apr.)/ Italian GDP (Q1) Today’s Italian Q1 GDP breakdown and industrial production data suggested that the economy might return to growth in Q2. But France’s latest industrial production figures show that the recovery there... 10th June 2014 · 1 min read
Europe Economics Weekly France's recovery to be snail-paced France’s economy hasn’t picked up much steam since it stagnated in Q1. Although the outlook for the second half of the year is a little brighter, the recovery will remain pretty weak. The resulting... 26th May 2014 · 1 min read
Europe Data Response Euro-zone Flash PMIs (May 14) May’s PMIs suggested that the euro-zone recovery remains lacklustre and highlighted the continued divergence between France and Germany. 22nd May 2014 · 1 min read
