Euro-zone commercial property recovery hopes dashed by PMIs

This morning’s “flash” release of euro-zone PMI data poured cold water on hopes that Q4’s quarterly economic contraction would be a one-off. Indeed, it looks as though the euro-zone is now in a technical recession, suggesting that occupier demand for commercial property is going to weaken. Hence, our forecast that euro-zone all-property rents will fall by 4% this year looks to be on track.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.