Europe Data Response Euro-zone GDP (Q2 Prov.) Euro-zone GDP growth lost some pace in the second quarter, with a renewed divergence between healthy growth in Germany and stagnation in France. 14th August 2015 · 1 min read
Europe Data Response Greek GDP (Q2, Prov.) Q2’s Greek GDP figures brought some rare good news. But they relate to an entirely different economy than the one currently being strangled by capital controls. 13th August 2015 · 1 min read
Europe Data Response Swedish Consumer Prices (Jul.) The rebound in Sweden’s headline inflation rate in July might suggest that the Riksbank won’t loosen monetary policy further at its next meeting. But the bigger picture is that inflation is still... 13th August 2015 · 1 min read
Europe Data Response French CPI (Jul.) Although the renewed fall in French inflation in July largely reflected the decline inthe price of oil, the data nonetheless confirmed that price pressures remain very subdued in the euro-zone’s... 13th August 2015 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Jul. 15) The rebound in Sweden’s headline inflation rate in July might suggest that the Riksbank won’t loosen monetary policy further at its next meeting. But the bigger picture is that inflation is still... 13th August 2015 · 1 min read
Europe Data Response Euro-zone Industrial Production (Jun.) June’s fall in industrial production rounded off a very weak quarter for the sector and strongly suggested that industry will have contributed to a slowdown in quarterly GDP growth in Q2. 12th August 2015 · 1 min read
Europe Economics Update Greek bailout built on fantasy forecasts While Greece appears finally to be on the verge of receiving a third bailout, the extremely optimisticeconomic & fiscal projections underlying the plan suggest that it might not last for very long. 11th August 2015 · 1 min read
Europe Data Response German ZEW (Aug.) August’s fall in ZEW investor sentiment suggests that, despite Greece moving closer to a deal with its creditors, investors are increasingly worried about Germany’s recovery. 11th August 2015 · 1 min read
Europe Commercial Property Update Slower pace of euro-zone yield compression set to be maintained Euro-zone all-property yields fell by just 3bps in the second quarter, their slowest quarterly decline since 2013. We believe this is likely to mark the start of a period in which yields now edge down... 10th August 2015 · 1 min read
Europe Economics Weekly Can the Spanish economy keep its place in the sun? Spain is set to remain the fastest growing of the major euro-zone economies for the next few quarters. But while the economy’s fundamentals have improved, the recent impressive growth rates also rest... 7th August 2015 · 1 min read
Europe Data Response German, French & Spanish Industrial Production (Jun.) June’s industrial production from the euro-zone’s major economies suggested that next week’s figures on GDP growth in the currency union will reveal a slowdown from the already modest growth rates... 7th August 2015 · 1 min read
Europe Commercial Property Chart Pack Yield compression takes a breather in Q2 Euro-zone commercial property investment recorded another strong quarter in Q2. Nevertheless, the rate of yield compression slowed sharply, with aggregate euro-zone all property yields declining by... 6th August 2015 · 1 min read
Europe Economics Focus Why hasn’t the German recovery taken off? Hopes that Germany would drive a strong euro-zone recovery have faded as subdued demand for its exports has offset the boost from a weaker euro. This trend is set to continue. And as the consumer... 6th August 2015 · 1 min read
Europe Chart Pack Labour market recovery stalls While the euro-zone economy has continued to weather the ongoing Greek crisis reasonably well, one potentially worrying recent development is the apparent slowdown in the labour market recovery. Not... 5th August 2015 · 1 min read
Europe Data Response Euro-zone Retail Sales (Jun.) & Final PMIs (Jul.) The sharp drop in euro-zone retail sales in June suggests that consumer spending growth slowed in Q2. But July’s final Composite PMI implies that the wider economy maintained a steady pace of... 5th August 2015 · 1 min read
Europe Economics Update Italy’s recovery and reforms show no signs of boosting jobs The Italian economy’s tentative return to growth and recent structural reforms are unlikely to feed into a meaningful labour market recovery for some time yet. So frustrations with Mr Renzi’s... 4th August 2015 · 1 min read
