Nordic & Swiss Data Response Swedish Consumer Prices (June 16) The Riksbank minutes confirm a readiness to act if conditions deteriorate in the wake of the UK’s Brexit vote. But there are signs of diminishing appetite for further measures from some members. 12th July 2016 · 1 min read
Europe Economics Update The Netherlands will be hit harder than most by Brexit The Dutch economy is more vulnerable than most to a downturn in the UK. In turn, the negative labour market impact could boost support for eurosceptic parties ahead of next year’s elections. 11th July 2016 · 1 min read
Europe Economics Weekly Is there a way to avert a full-blown banking crisis? There is no easy solution to the euro-zone’s banking problems, but the risks of doing nothing are too large for policymakers to simply sit on their hands. We think that policymakers will find a way to... 8th July 2016 · 1 min read
Europe Data Response French Industrial Production & German Trade (May) May’s decline in French industrial production only partly reversed April’s gain but combined with falls elsewhere leaves euro-zone industry looking weak. And Germany’s trade balance fell from its... 8th July 2016 · 1 min read
Europe Commercial Property Update Nordic transaction levels on course to beat 2015 After a solid start to the year, Nordic transaction volumes now need only to equal those from the same period last year to set a new annual record. With concerns over UK pricing in the wake of the... 7th July 2016 · 1 min read
Europe Data Response German Industrial Production (May) May’s sharp fall in German industrial production adds to the evidence that GDPgrowth in the region’s largest economy slowed sharply in Q2. And the recoverylooks likely to ease further in the second... 7th July 2016 · 1 min read
Europe Chart Pack Growth starting to slow June’s survey data confirmed that GDP growth in Q2 is very unlikely to have matched Q1’s 0.6% quarterly expansion, with both the EC Survey and the PMI appearing consistent with around a 0.3% rise... 6th July 2016 · 1 min read
Europe Economics Update Riksbank pushes back rate rise expectations Sweden’s Riksbank has pushed back its expectations for a rate rise. Although the negative impact of previous falls in energy prices on inflation is fading and domestic inflationary pressures are... 6th July 2016 · 1 min read
Europe Commercial Property Update German industrial yields to fall despite looking relatively expensive Economic uncertainty and lower business and consumer confidence resulting from Brexit are likely to weigh on German GDP growth over the coming 18 months, leading to slower industrial rental growth... 6th July 2016 · 1 min read
Nordic & Swiss Economics Update Riksbank pushes back rate rise expectations Sweden’s Riksbank has pushed back its expectations for a rate rise. Although the negative impact of previous falls in energy prices on inflation is fading and domestic inflationary pressures are... 6th July 2016 · 1 min read
Europe Data Response Euro-zone Retail Sales (May) & Final PMIs (June) May’s euro-zone retail sales data point to a slowdown in consumer spending growth, and thus GDP growth, in Q2. And despite a small upward revision from the flash release, June’s Composite PMI also... 5th July 2016 · 1 min read
Energy Update Coal supply to fall further this year, but so should demand The rally in coal prices over the past month has boosted investor sentiment. Admittedly, production in China, the US and Indonesia has finally started to fall. But prices have now risen to levels... 5th July 2016 · 1 min read
Europe Economics Update Germany won’t suffer most from Brexit vote While German exporters are particularly vulnerable to weaker demand from the UK following the Brexit vote, the economy is also well-placed to benefit from any relocation of financial services or... 5th July 2016 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (June) Portugal and Greece seem have made some good headway towards repairing their public finances so far this year, in contrast with Italy and Spain which are both struggling to make any improvement... 4th July 2016 · 1 min read
Europe Commercial Property Update Brexit impact will be ultimately positive for euro-zone prime property The commercial construction PMI fell to its lowest level since mid-2009 in June. This highlights the extent to which the uncertainty around the EU referendum was weighing on developers’ activity. The... 4th July 2016 · 1 min read
Europe Commercial Property Update What scope do European cities have to profit from any Brexit job shifts? The UK’s vote to leave the EU has increased the risk of financial sector jobs moving from London to cities such as Dublin, Frankfurt or Paris. Given existing vacancy levels and near-term pipelines... 1st July 2016 · 1 min read
