Non-Euro Europe Commercial Property Chart Pack Yield falls not derailed by the slowdown in investment Solid economic growth in both Western and Emerging Europe appears to have continued into Q4. This kept expansionary activity amongst occupiers at strong levels. This, in turn, has driven vacancy rates... 9th February 2018 · 1 min read
Europe Data Response German Industrial Production (Dec.) December’s fall in German industrial production came as no surprise after a surge in November and it is very unlikely to mark the start of a downward trend. We still see German GDP rising by about 2.7... 7th February 2018 · 1 min read
Europe Economics Weekly What will the ECB do about rising Bund yields? German Bund yields continued to rise this week, with the 10-year yield hitting a 29-month high. Higher yields are unlikely to have much of a direct effect on the German economy, but by boosting the... 2nd February 2018 · 1 min read
Europe Economics French & Spanish GDP (Q4) The French economy’s healthy expansion in Q4 rounded off a strong year, while surveys point to an acceleration in growth ahead. Meanwhile, tensions in Catalonia had little impact on Spanish growth. 30th January 2018 · 1 min read
Europe Commercial Property Update RICS survey points to sentiment softening The latest RICS global commercial property monitor for Q4 2017 indicates that there has been no significant change to the upbeat mood across European markets compared to Q3. This is perhaps not too... 29th January 2018 · 1 min read
Europe Economics Weekly Is the ECB’s confidence in the inflation outlook warranted? While ECB President Mario Draghi sounded positive on the outlook for inflation at this week’s press conference, he did so with a justified degree of caution. After all, there is still economic slack... 26th January 2018 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Jan.) January’s jump in the euro-zone Composite PMI marked an exceptionally strong start to 2018. But while the data appear to strengthen the case for the ECB to “revisit” its forward guidance early this... 24th January 2018 · 1 min read
Europe Commercial Property Update Has Mainland Europe investment activity peaked? Following another record year for commercial property investment in continental Europe in 2017, we expect investment activity to fall back this year. What’s more, with high interest rates and slower... 22nd January 2018 · 1 min read
Nordic & Swiss Economic Outlook Exchange rates to diverge as Swedish krona rises Prospects for the Nordic economies and Switzerland are strong, but there are divergent outlooks for monetary policy. In Sweden, inflation is already close to the Riksbank’s target and, with capacity... 22nd January 2018 · 1 min read
Europe Economics Weekly How ambitious is the grand coalition’s plan for Germany? The fiscal proposals agreed by Angela Merkel and Martin Schulz as part of their plan to renew Germany’s grand coalition amount to a headline-grabbing 1.5% of annual German GDP and include abolishing... 19th January 2018 · 1 min read
Europe Economic Outlook Sustained upturn need not prompt ECB rate hikes The euro-zone’s impressive upturn looks set to continue apace as reduced political uncertainty, high levels of business confidence, and continued strong policy support allow investment to take off... 18th January 2018 · 1 min read
Europe Economics Weekly Would a “flat tax” give Italy’s economy a boost? Two of the leading contenders to form a government after Italy’s general election on 4th March advocate a radical overhaul of the country’s tax code. Their plans would result in a substantial... 12th January 2018 · 1 min read
Europe Commercial Property Update European property looks increasingly late-cycle Reduced capital raising totals for the second consecutive year and a decrease in the proportion of funds meeting their fund-raising targets hint at pricing concerns amongst investors. 10th January 2018 · 1 min read
Europe Data Response German Industrial Production & Trade (Nov.) November’s surge in German industrial production and the widening of the trade surplus brought welcome reassurance that the economy approached the end of 2017 in very good health. What’s more, the... 9th January 2018 · 1 min read
Europe Economics Weekly Euro’s strength not yet a major concern The main news for the euro-zone economy at the year’s outset has been the further appreciation of the euro. While this might seem like a major headwind to the economy’s upturn, we remain optimistic... 5th January 2018 · 1 min read
Europe Data Response Euro-zone Flash CPI (Dec.) With euro-zone headline inflation falling in December and core inflation still subdued, the ECB will continue to emphasise that interest rate hikes remain a long way off. 5th January 2018 · 1 min read
