Europe Data Response Euro-zone Trade (Oct.) & Final CPI (Nov.) October’s euro-zone goods trade data revealed a further slowdown in export growth, adding to the evidence that the boost from the weaker euro is fading. We suspect that the trade surplus will narrow... 16th December 2015 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Dec.) December’s small fall in the euro-zone Composite PMI left it still pointing to steady but modest growth in the region. But the Paris attacks have taken a toll on France, leaving the economy close to... 16th December 2015 · 1 min read
Europe Commercial Property Update Spanish property values set to grow strongly in 2016 The loose monetary policy environment will help to underpin investor sentiment toward Spain in 2016, keeping property yields low despite an increasingly uncertain political backdrop. And with ample... 15th December 2015 · 1 min read
Europe Data Response German ZEW (Dec.) December’s solid rise in German ZEW investor expectations suggests that the economy is faring pretty well, but it still points to a slight slowdown in growth. 15th December 2015 · 1 min read
Europe Economics Update Sweden’s Riksbank holds but will have to do more in 2016 The ECB’s timidity and strong domestic demand has allowed Sweden’s Riksbank to leave monetary policy unchanged today. But with headline inflation in Sweden still close to zero and policy likely to be... 15th December 2015 · 1 min read
Nordic & Swiss Economics Update Sweden’s Riksbank holds but will have to do more in 2016 The ECB’s timidity and strong domestic demand has allowed Sweden’s Riksbank to leave monetary policy unchanged today. But with headline inflation in Sweden still close to zero and policy likely to be... 15th December 2015 · 1 min read
Europe Data Response Euro-zone Industrial Production (Oct.) October’s rise in euro-zone industrial production provides an early indication that the sector will have had a solid Q4, adding to evidence that the region’s recovery may have regained some pace at... 14th December 2015 · 1 min read
Europe Economics Weekly Weak German exports dent hopes for 2016 Contrary to hopes that a weaker euro and accommodative monetary policy would be particularly beneficial to Germany’s supposedly super-competitive export sector, the latest data have brought signs that... 11th December 2015 · 1 min read
Europe Commercial Property Update Dublin industrial total returns set to overtake office and retail The outlook for Dublin industrial rental growth is supported by the fact that supply conditions are tighter than the 15% vacancy rate alone might suggest. And with ample scope for yield compression as... 10th December 2015 · 1 min read
Europe Data Response Ireland GDP (Q3) Ireland’s impressive recovery continued in Q3. And with the conditions in place for continued rapid growth, it is set to remain the euro-zone’s fastest-growing economy. 10th December 2015 · 1 min read
Europe Data Response Swedish, Danish & Norwegian Consumer Prices (Nov.) November’s consumer prices data showed a continued divergence between the subdued rates of inflation in Sweden and Denmark and stronger price pressures in Norway, reflecting the recent depreciation of... 10th December 2015 · 1 min read
Europe Data Response French CPI (Nov.) & Industrial Production (Oct.) The renewed fall in France’s headline inflation rate in November highlights the absence of price pressures in the region’s second-largest economy. The weakness of the economy, underscored by the... 10th December 2015 · 1 min read
Europe Economics Update Respite for the SNB, but fight against franc is not over With the ECB’s cautious action last week reducing upward pressure on the franc against the euro, the Swiss National Bank (SNB) was able to leave policy on hold as expected today. But we still think... 10th December 2015 · 1 min read
Nordic & Swiss Data Response Swedish, Danish & Norwegian Consumer Prices (Nov. 15) November’s consumer prices data showed a continued divergence between the subdued rates of inflation in Sweden and Denmark and stronger price pressures in Norway, reflecting the recent depreciation of... 10th December 2015 · 1 min read
Nordic & Swiss Economics Update Respite for the SNB, but fight against franc is not over With the ECB’s cautious action last week reducing upward pressure on the franc against the euro, the Swiss National Bank (SNB) was able to leave policy on hold as expected today. But we still think... 10th December 2015 · 1 min read
Europe Economics Update Will the Fed & oil prices bail out the ECB? The recent further fall in oil prices and imminent commencement of monetary tightening in the US are unlikely to compensate for the ECB’s disappointingly timid action at last week’s policy meeting. 9th December 2015 · 1 min read
