UK Housing Market Data Response Halifax House Prices (Mar.) The third consecutive monthly increase in house prices recorded by Halifax suggests that pricing is proving remarkably resilient to higher mortgage rates. But it is at odds with the consistent fall in... 6th April 2023 · 3 mins read
Europe Data Response German Industrial Production (Feb.) The second consecutive big increase in German industrial production in February all but confirms that GDP returned to growth in Q1. The industrial resilience may continue in the coming months but we... 6th April 2023 · 2 mins read
UK Economics Chart Pack Resilient, but recession still likely Recent data suggest the economy’s resilient end to 2022 was sustained at the start of this year. But while the worst of the falls in real household incomes are in the past, we still think around two... 5th April 2023 · 10 mins read
UK Commercial Property Update London office capital values can’t deny gravity forever London office capital values fell by a relatively modest amount in the second half of last year and monthly data show values stabilised in the first two months of 2023. But that has left London office... 5th April 2023 · 3 mins read
Europe Data Response Euro-zone Final PMIs (Mar.) March’s PMIs suggest that the economy expanded in Q1. They also point to further gains in employment and strong price pressures. With the turmoil in the banking sector having stabilised, this makes us... 5th April 2023 · 2 mins read
Emerging Europe Rapid Response Romania Interest Rate Announcement (Apr.) 4th April 2023 · 2 mins read
Non-Euro Europe Commercial Property Outlook Scandi & Swiss: Shallower downturn, but returns to lag Property values fell sharply in Scandinavia and Switzerland last year, but with valuations still stretched and financing set to remain challenging, we think yields will climb higher. And with economic... 4th April 2023 · 19 mins read
Non-Euro Europe Commercial Property Outlook Emerging Europe: Milder downturn, slower recovery Emerging Europe has seen less steep falls in values than elsewhere so far, but will not be immune in 2023. Higher interest rates and economic weakness mean these markets will have a challenging year... 31st March 2023 · 19 mins read
UK Economics Weekly Banking strains will amplify tightening in credit conditions Even before the turmoil in the banking sector, UK banks were planning on sharply reducing the amount of credit available to households. The recent strains in the banking sector will amplify the... 31st March 2023 · 5 mins read
Europe Economics Weekly Calm after the storm, but inflation still a headwind With the banking sector panic subsiding, attention is returning to the inflation outlook. And as core euro-zone inflation edged up to a new all-time high in March we think policymakers will remain in... 31st March 2023 · 7 mins read
Climate Economics Update Voltaire would despair of the UK’s climate strategy The “ Powering up Britain” plan presented by the UK government this week highlights the benefits and limitations of official involvement in reducing emissions. On the one hand, the plans to reduce the... 31st March 2023 · 4 mins read
Europe Data Response Euro-zone Flash HICP (March) Policymakers at the ECB won’t read too much into the drop in headline inflation in March and will be more concerned that the core rate hit a new record high. So March’s consumer price data will do... 31st March 2023 · 3 mins read
UK Data Response GDP (Q4 Final) The final Q4 2022 GDP data suggested the economy was even more resilient in 2022 than we previously thought, as the government absorbed some of the hit to households from high inflation. But we still... 31st March 2023 · 3 mins read
