Europe Data Response German, French & Spanish Industrial Production (Aug.) Sharp rises in industrial production in Germany, France and Spain suggest that industry might contribute positively to euro-zone GDP growth in Q3. 7th October 2016 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Sep.) There have been further signs of fiscal slippage in the peripheral economies this month. Germany is also planning a tax cut, but this does not mark a dramatic change in its fiscal stance. It intends... 7th October 2016 · 1 min read
Nordic & Swiss Economics Update Icelandic interest rates to be left unchanged until mid-2017 The uncertainty surrounding capital account liberalisation suggests that the Central Bank of Iceland will keep interest rates unchanged for a while longer. But with inflationary pressures set to build... 5th October 2016 · 1 min read
Europe Economics Update Icelandic interest rates to be left unchanged until mid-2017 The uncertainty surrounding capital account liberalisation suggests that the Central Bank of Icelandwill keep interest rates unchanged for a while longer. But with inflationary pressures set to build... 5th October 2016 · 1 min read
Europe Data Response Euro-zone Retail Sales (Aug.) & Final PMIs (Sep. 16) August’s data suggest that euro-zone retail sales growth picked up in Q3, whileSeptember’s Composite PMI implies that growth in the wider economy slowedonly slightly. But headline inflation will soon... 5th October 2016 · 1 min read
Europe Chart Pack Mixed message about euro-zone growth Recent activity indicators have provided mixed messages about euro-zone growth. The Composite PMI fell to an 18-month low in September, whereas the EC’s Economic Sentiment Indicator (ESI) reached a... 4th October 2016 · 1 min read
Europe Economics Weekly Is euro-zone growth picking up or slowing? The euro-zone’s two main activity surveys have given conflicting evidence about the state of the economy at the end of the third quarter, with the Composite PMI apparently pointing to slowing GDP... 30th September 2016 · 1 min read
Europe Data Response Euro-zone Flash CPI (Sep.) & Unemployment (Aug.) Headline inflation in the euro-zone has started to pick up as the effects of previous falls in energy prices fade. But with a large amount of slack in the labour market, underlying price pressures... 30th September 2016 · 1 min read
Europe Commercial Property Update Large Brussels pipeline to allow Antwerp retail rents to get ahead A subdued outlook for consumption and a large pipeline of new retail developments will mean that rental values in Brussels stagnate next year. But for the first time in at least 15 years, limited new... 30th September 2016 · 1 min read
Europe Data Response Spanish economy could suffer from political chaos The consequences of a third election in Spain would be worse than those of earlier votes. And with Catalonia renewing its push for independence, politics represent a clear risk to the economic outlook... 29th September 2016 · 1 min read
Europe Data Response German Flash CPI (Sep.) September’s rise in German inflation to +0.5% suggests that euro-zone inflation rose to a 23-month high in the same month. But in Germany at least, the rise reflected energy effects while underlying... 29th September 2016 · 1 min read
Europe Data Response EC Business & Consumer Survey (Sep.) While the EC Business and Consumer Survey revealed a rise in sentiment in September, it still suggests that growth remains moderate and inflation expectations are weak. 29th September 2016 · 1 min read
Europe Economics Update Deutsche Bank’s troubles unlikely to spark wider crisis Today’s relatively positive news about Deutsche Bank adds to the evidence that it is not the next Lehman Brothers for the global financial system and that its troubles are unlikely to trigger a German... 28th September 2016 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Aug.) August’s money and credit data suggest that the euro-zone economy has continued to grow at a decent pace in Q3. Nevertheless, the data suggest that inflation will remain well below the ECB’s target. 27th September 2016 · 1 min read
Europe Economics Update Italy’s constitutional referendum poses economic risks The Government confirmed today that the constitutional reform referendum will take place on 4thDecember. We think that a rejection of the reforms is a major risk to the economic outlook. 26th September 2016 · 1 min read
Europe Data Response German Ifo Survey (Sep.) September’s rebound in the German Ifo Business Climate Indicator (BCI) offered hope that the economy remains in good health after the more negative signs from other surveys and hard data. 26th September 2016 · 1 min read
