Europe Data Response Euro-zone Trade (Mar.) While the euro-zone trade surplus widened in March, this reflected a drop in the value of imports rather than export strength. Subdued global demand growth and the recent appreciation of the euro... 17th May 2016 · 1 min read
Europe Economics Update Mounting risks bode ill for Italy Like much of the rest of the euro-zone, Italy’s economy got off to a decent start to the year. However,the outlook for growth remains weak and the risks to the recovery are mounting. Eventually... 16th May 2016 · 1 min read
Europe Commercial Property Valuation Monitor Falling property yields draw closer to fair value Property yields ticked down marginally in Q1, but are now 80bps below their 10-year average. Changes in alternative asset pricing – with bond yields falling and dividend yields rising – mean that... 16th May 2016 · 1 min read
Europe Economics Weekly Euro-zone growth will slow from here Despite the downward revision to Q1 euro-zone GDP, the 0.5% quarterly gain still got the year off to a solid start. But there are good reasons to expect growth to be slower in Q2 and beyond. And the... 13th May 2016 · 1 min read
Europe Data Response Euro-zone GDP (Q1 Prov.) While Q1’s 0.5% quarterly gain in euro-zone GDP provides a reasonably solid start to the year, there are good reasons to expect growth to slow in Q2 and beyond. 13th May 2016 · 1 min read
Europe Data Response Euro-zone Industrial Production (Mar.) March’s contraction means that industry looks likely to have accounted for about 0.2%-points of the euro-zone’s 0.6% q/q GDP growth rate in Q1. But the underlying trend in output is weak, and surveys... 12th May 2016 · 1 min read
Europe Commercial Property Update Limited further upside for Swiss office values Lacklustre economic growth this year and next due to the strength of the Swiss franc is likely to drag Swiss office rents down further. But with negative bond yields and interest rates, this is... 12th May 2016 · 1 min read
Europe Economics Update Norges Bank policy unchanged, but rate cut on the way The Norges Bank left its key policy rate unchanged today, but with the economy weak and inflation set to fall this year, we think that further loosening is on the way. 12th May 2016 · 1 min read
Europe Economics Update Swedish inflation outlook dependent on krona strength The rise in Swedish inflation will prove short-lived if inflation expectations stay below 2%. In order to boost such expectations, the Riksbank must ensure that the krona does not appreciate strongly. 12th May 2016 · 1 min read
Nordic & Swiss Economics Update Norges Bank policy unchanged, but rate cut on the way The Norges Bank left its key policy rate unchanged today, but with the economy weak and inflation set to fall this year, we think that further loosening is on the way. 12th May 2016 · 1 min read
Europe Economics Update Greek debt talks won’t provide much relief The compromises reached by Greece and its creditors this week should allow the first bailout review to finally be completed and have prompted a favourable market response. But the first discussions... 11th May 2016 · 1 min read
Europe Economics Update Iceland holds rates but further tightening will be needed Iceland’s central bank kept its interest rates unchanged for the fourth consecutive meeting. But with price pressures set to pick up in the second half of the year, further tightening will be needed. 11th May 2016 · 1 min read
Nordic & Swiss Economics Update Iceland holds rates but further tightening will be needed Iceland’s central bank kept its interest rates unchanged for the fourth consecutive meeting. But with price pressures set to pick up in the second half of the year, further tightening will be needed. 11th May 2016 · 1 min read
Europe Data Response German Industrial Production (Mar.) Despite March’s sharp fall in German industrial production, the sector appears to have contributed strongly to GDP growth in Q1. However, evidence from the business surveys suggests that underlying... 10th May 2016 · 1 min read
Europe Economics Update Will Ireland’s new Government keep the recovery going? The formation of a new Irish government has removed some short-term political uncertainty. And the outlook for the economy over the coming years is fairly bright. That said, the government can do... 9th May 2016 · 1 min read
Global Economics Chart Pack US to regain momentum, euro-zone to slow The US economy looks set to regain some momentum in the second quarter after a weak performance in Q1 as the drags from previous dollar strength and the slump in oil prices continue to fade. But... 6th May 2016 · 1 min read
