Europe Data Response Spanish GDP (Q1 est.) & CPI (April) While Spain’s economic recovery gathered further pace in the first quarter, the large amount of spare capacity left in the economy is sustaining deflationary pressures. 30th April 2015 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank increases stimulus to battle deflation Sweden’s Riksbank stepped up its fight against deflation by more than doubling the size of its government bond purchase programme and reiterating its willingness to make monetary policy even more... 29th April 2015 · 1 min read
Europe Commercial Property Update Increased sentiment set to support further property investment growth Commercial property investment recorded another strong performance in Q1. In annual terms, impressive rises in Belgium, Italy and Spain offset declines in a number of other markets. Encouragingly, the... 29th April 2015 · 1 min read
Europe Data Response German Flash CPI (Apr.) April’s slightly bigger-than-expected rise in German HICP inflation will reinforce hopes that recent price declines were a temporary phenomenon that will have positive effects on the economy. But with... 29th April 2015 · 1 min read
Europe Economics Update French business surveys point to weak economic recovery France’s economic outlook appears particularly uncertain at the moment, with the business surveys painting a mixed picture. But even the most positive of these surveys still points to fairly sluggish... 29th April 2015 · 1 min read
Europe Data Response EC Business & Consumer Survey (Apr.) The European Commission’s monthly Business and Consumer survey for April echoed the message from some other recent surveys that the crisis in Greece might be starting to constrain the euro-zone... 29th April 2015 · 1 min read
Europe Economics Update Swedish Riksbank increases stimulus to battle deflation Sweden’s Riksbank stepped up its fight against deflation by more than doubling the size of its government bond purchase programme and reiterating its willingness to make monetary policy even more... 29th April 2015 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Mar.) March’s euro-zone monetary data suggest that economic growth might pick up in the coming months. But the continued wrangling over Greece’s fiscal situation presents a significant risk to the country’s... 29th April 2015 · 1 min read
Europe Economics Update Why are the markets still so relaxed about a Grexit? Rising expectations of a Greek exit from the euro-zone are still not prompting contagion effects or more general concerns about the euro-zone economy. We fear that the markets are too relaxed. 28th April 2015 · 1 min read
Europe Commercial Property Update Stockholm offices capital growth to reach double figures this year Stockholm offices are forecast to produce solid rent rises in 2015. Coupled with prime yields falling to 4%, this will drive double-digit capital growth this year. 28th April 2015 · 1 min read
Europe Economics Update Are Irish and Spanish housing bubbles reflating? Revivals in Spain’s and Ireland’s housing markets should help to support their wider economic recoveries. While Spain’s housing recovery is likely to be slow, Ireland’s is already going strong. This... 27th April 2015 · 1 min read
Europe Economics Weekly Greek crisis starts to restrain the recovery Friday’s Eurogroup meeting did not appear to result in any further progress towards a solution to the Greek crisis. While Greece has found a bit more money down the back of the sofa (or in state... 24th April 2015 · 1 min read
Europe Data Response German Ifo Survey (Apr.) April’s rise in the Ifo German Business Climate Indicator (BCI) suggests that economic conditions are holding up despite the Greek crisis and comes as a relief after falls in the ZEW and PMI surveys. 24th April 2015 · 1 min read
Commodities Update China & Euro-zone Flash PMIs (Apr.) The continued deterioration in China’s manufacturing sector signalled by early business surveys for April is disappointing, but the prices of key industrial metals have already factored in a lot of... 23rd April 2015 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Apr.) April’s fall in the euro-zone composite PMI suggested that fears over Greece might already be starting to dampen economic growth in the region, offsetting any boost from loose monetary policy and the... 23rd April 2015 · 1 min read
Europe Economics Update Austria’s bank troubles will have euro-zone repercussions The ongoing uncertainty and legal suits over the wind-down of a small Austrian provincial bank might seem like the least of the euro-zone’s current concerns. But the wind-down of Hypo Alpe Adria’s bad... 22nd April 2015 · 1 min read
