Europe Commercial Property Update Dublin’s office pipeline unlikely to lead to oversupply After several years of virtually no development, Dublin office space is set to rise by around 12% of current stock over the next few years. However, in the absence of a sharp slowdown in occupier... 29th July 2016 · 1 min read
Europe Data Response Euro-zone Preliminary Flash GDP (Q2) & Flash CPI (July) The “preliminary flash” estimate of euro-zone GDP confirmed the message from national data that the economy slowed in Q2. We think that this slowdown in growth is a sign of things to come. 29th July 2016 · 1 min read
Europe Data Response Swedish GDP (Q2, 1st Estimate) The first estimate of Sweden’s GDP in Q2 was much weaker than expected, and the release also revealed a downward revision to growth in what was an already-soft Q1. 29th July 2016 · 1 min read
Europe Economics Focus How big a threat are Italy’s banks? Italian banks are in trouble and there are no quick fixes for their problems. We think that policymakers will provide support to lenders this year, but this is unlikely to resolve banks’ underlying... 28th July 2016 · 1 min read
Europe Data Response German Flash CPI (Jul.) July’s rise in German inflation further into positive territory is likely to be followed by continued increases in the coming months. But even in Germany, we do not think that inflation is on track to... 28th July 2016 · 1 min read
Europe Data Response EC Business & Consumer Survey (July) July’s rise in the euro-zone Economic Sentiment Indicator suggests that businesses and consumers have so far largely shrugged off the negative economic implications of the UK’s Brexit vote. 28th July 2016 · 1 min read
Europe Economics Update Don’t over-interpret Greece’s glimmers of hope Recent news about Greece, including a planned return to bond issuance in 2017, may suggest that it is finally heading out of the woods. But we have been here before and with the debt burden still huge... 28th July 2016 · 1 min read
Europe Commercial Property Update Stockholm offices represent good value despite historically low yields Stockholm office valuations have improved since the end of the first quarter. Additionally, set against relatively mediocre rental growth in many European office markets, Stockholm’s solid growth... 28th July 2016 · 1 min read
Europe Commercial Property Update Sentiment towards Irish property takes a hit, while Hungary shines Investment sentiment toward European commercial property generally remains upbeat according to the RICS Q2 global commercial property survey. While confidence in Hungary jumped again, sentiment has... 27th July 2016 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (June) June’s data suggest that euro-zone money and credit growth are still too weak to provide much support to the economy. While the full effects of ECB stimulus introduced in June are yet to be felt, we... 27th July 2016 · 1 min read
Nordic & Swiss Data Response Swedish GDP (Q2 16, 1st Estimate) The first estimate of Sweden’s GDP in Q2 was much weaker than expected, and the release also revealed a downward revision to growth in what was an already-soft Q1. 27th July 2016 · 1 min read
Europe Economics Update Belgium among most exposed to Brexit fallout A weaker outlook for the external sector on the back of the UK’s Brexit vote will hit Belgium’s open economy harder than most. And with consumers looking poorly placed to take up the slack, the... 26th July 2016 · 1 min read
Europe Commercial Property Update How does Brexit affect our European commercial property forecasts? A prolonged period of looser monetary policy in the wake of Brexit will mean that prime European commercial property capital values will surpass our previous forecasts, despite weaker rental growth. 25th July 2016 · 1 min read
Europe Economics Weekly Early Brexit signals provide some comfort Last week’s euro-zone and country level data releases started to lift some of the heavy fog on the initial impact of the UK’s vote to leave the EU on the currency union’s economy. The early signs are... 22nd July 2016 · 1 min read
Europe Data Response Euro-zone Flash PMIs (July) July’s slight fall in the euro-zone Composite PMI suggests that the real economy has generally shrugged off the financial market volatility that followed the UK’s Brexit vote, but remains sluggish. 22nd July 2016 · 1 min read
Europe Economics Update ECB set to act in September After leaving policy on hold today, the ECB also stopped short of promising imminent policy easing. But President Draghi reiterated that the Bank is ready to act and we believe that it will up the... 21st July 2016 · 1 min read
