Europe Commercial Property Update What will happen to submarket rents after COVID-19? With more hybrid working post-pandemic, the view is that office rents will be under pressure for many years. This raises questions about which locations could be more resilient and if rents in central... 8th September 2021 · 3 mins read
Europe Economics Weekly Business surveys point to continued recovery The business surveys for August published this week provided some reassurance that the euro-zone economy is continuing to grow at a decent pace. And the decline in the forward-looking components is... 27th August 2021 · 8 mins read
Europe Data Response Euro-zone Flash PMIs (Aug.) August’s PMIs suggest that growth slowed only slightly despite persistent supply problems and activity approaching more normal levels. They also imply that price pressures are no longer intensifying... 23rd August 2021 · 3 mins read
Europe Economics Weekly Delta variant not yet putting brakes on recovery The timeliest data show little evidence that concerns about the Delta variant are causing economic activity to fall outright. But with output getting closer to normal levels and the virus situation... 20th August 2021 · 6 mins read
Europe Commercial Property Chart Pack Tentative signs of a turning point for property All-property capital values rose for the third consecutive quarter in Q2, leaving them less than 1% below their pre-virus level. The improvement was driven by a decline in all-property yields, though... 18th August 2021 · 9 mins read
Europe Commercial Property Update Luxury won’t shield Paris retailers from e-commerce We expect prime retail rents in both Lyon and Paris to struggle to make up lost ground this year, and even after a return to growth next year, the pace of increases will be subdued. 16th August 2021 · 3 mins read
Europe Commercial Property A primer on European residential property Less favourable demand fundamentals and less scope for yield compression mean that European residential returns are likely to be lower in the coming years than over the previous decade. An analysis of... 27th July 2021 · 17 mins read
Europe Economic Outlook Strong rebound and temporary rise in inflation The euro-zone is on the way to an almost full recovery. We expect Germany to regain its pre-pandemic level of activity later this year and the tourist-dependent southern countries to do so next year... 16th July 2021 · 33 mins read
Energy Update Oil demand to rise, but it won’t stop prices falling Global oil demand looks to have held up much better so far in 2021 than during 2020, despite a resurgence of COVID infections in many parts of the world. We expect strong oil demand growth to continue... 17th June 2021 · 4 mins read
Europe Data Response Euro-zone Final PMIs (May) The PMIs are consistent with the euro-zone’s economic recovery gathering pace in May. Price pressures in the manufacturing sector are intensifying, but we still think that higher inflation will be... 3rd June 2021 · 2 mins read
Global Economics Update Will vaccine hesitancy prevent economies reopening? 28th May 2021 · 3 mins read
Europe Economics Weekly Drop back in bond yields takes pressure off ECB The fall in sovereign bond yields over the past week may make things a little easier for the ECB Governing Council when it meets on 10 th June. We think it is likely to replace its commitment to make... 28th May 2021 · 8 mins read
Europe Data Response France Flash CPI (Jan.) The surprisingly big jump in France’s headline inflation rate in January was primarily driven by a surge in manufactured goods inflation as winter sales were postponed by two weeks. This will be... 2nd February 2021 · 2 mins read
Europe Data Response France, Spain & Austria GDP (Q4) Tough restrictions imposed in France and Austria last autumn to curb the spread of COVID-19 caused both countries’ GDP to fall in Q4. Spain’s laxer approach meant its economy actually grew. But for... 29th January 2021 · 2 mins read
Europe Economics Update France’s slow vaccine rollout won’t prevent recovery France’s tight restrictions are set to be in place for at least another month or two, so GDP will not recover strongly during Q1. However, although the slow start to the vaccine rollout poses a... 13th January 2021 · 3 mins read
Europe Economics Update Smaller hit to French GDP from Lockdown 2.0 A survey of firms from France’s central bank and high frequency mobility for last week suggest that the new national lockdown will have a smaller impact on France’s GDP than the first, perhaps of... 9th November 2020 · 2 mins read
