Europe Data Response Euro-zone Unemployment (May), Final Manuf. PMI (Jun.) While the euro-zone unemployment rate was unchanged in May, survey indicators point to strong employment gains ahead. Nevertheless, the high degree of slack in some countries suggests that it will be... 3rd July 2017 · 1 min read
Nordic & Swiss Data Response Manufacturing PMIs (Jun.) The Nordic and Swiss PMIs strengthened in June, pointing to faster manufacturing growth. The Swedish survey suggests that inflation will fall, probably reflecting energy effects. But we still expect... 3rd July 2017 · 1 min read
Europe Economics Weekly What is the ECB trying to tell us? ECB President Draghi’s speech earlier this week prompted investors to re-assess the outlook for monetary policy. They now seem to expect the Bank to raise interest rates around the middle of next year... 30th June 2017 · 1 min read
Commodities Update What does a stronger Europe mean for commodities? It now appears likely that the European economy will record the strongest growth in nearly a decade in 2017. While Europe cannot compete with China or the US in terms of the likely impact on... 9th June 2017 · 1 min read
Non-Euro Europe Commercial Property Outlook Short-term prospects improve, but clouds gathering In the last few months, economic growth prospects have improved across Europe, boding well for rental growth and pointing to sharper falls in property yields in the next 12-18 months. But the improved... 2nd June 2017 · 1 min read
Europe Commercial Property Valuation Monitor Growing number of overvalued markets in all sectors Higher government bond yields and further falls in commercial property yields in Q1 mean that property valuations have begun to look increasingly stretched. Whereas 23% of the markets we cover looked... 24th May 2017 · 1 min read
Europe Data Response Euro-zone Flash PMIs & German Ifo (May) The strength of both the euro-zone Composite PMI and the German Ifo in May provide further evidence that the economic recovery gained pace in Q2. 23rd May 2017 · 1 min read
Europe Commercial Property Chart Pack Property markets continue to chug along nicely Investment in euro-zone commercial property rose by 11% y/y in Q1, boosted by a surge in activity in Germany and Spain. And with yields falling, and capital values rising, at close to the rates seen... 12th May 2017 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Rental growth concentrated in a handful of markets Economic performance has typically improved in the last few months, but this has only translated into rental growth in a few locations. Sentiment in Norway and Russia saw notable improvements... 12th May 2017 · 1 min read
Europe Commercial Property Update Jump in Milan office rents unlikely to be sustained Prime office rents in Milan recorded their biggest quarterly gain since 2008 in Q1, with a lack of quality space a key driver. But with completions starting to rise, we don’t expect this to be... 4th May 2017 · 1 min read
Europe Commercial Property Update Investment rises, but concerns about pricing grow Investment activity in Mainland Europe started the year strongly and demand looks similarly robust so far in Q2. And as occupier fundamentals continue to strengthen, we expect valuations will become... 3rd May 2017 · 1 min read
Europe Economics Weekly Bank Lending Survey provides more good news for ECB This week’s Bank Lending Survey brought more good news for the ECB. Lending conditions have continued to improve, and growth in the demand for credit points to a continued decent recovery in... 28th April 2017 · 1 min read
Europe Commercial Property Update Could office vacancy in German cities be about to diverge? With limited development pipelines, office markets in Frankfurt and Hamburg look set to tighten further over the next three years. However, rising completions in Berlin could see vacancy start to rise... 29th March 2017 · 1 min read
Energy Update Europe’s oil demand should continue to grow in 2017 Robust economic growth in Europe’s key economies should support oil demand this year. Indeed, a pickup in global economic growth is likely to help to absorb the excess oil supplies in the market which... 28th March 2017 · 1 min read
Europe Commercial Property Update Slow office rental growth in Milan set to continue The Italian economy has started the year on a strong footing. But GDP and employment growth are expected to slow this year. Combined with a rise in completions, that will act as a brake on the pace of... 23rd March 2017 · 1 min read
Europe Economics Weekly What is the state of play as election season kicks off? Dutch Prime Minister Mark Rutte described last week’s election as the “quarter finals to beat the wrong sort of populism”. The forthcoming French presidential election will be the semi-final, and the... 17th March 2017 · 1 min read
