Europe Data Response German Industrial Production (Jul.) July’s drop in German industrial production may have partly reflected temporary factors, but it provides a very weak base for GDP in Q3. The industrial sector should resume its expansion in the coming... 7th September 2016 · 1 min read
Nordic & Swiss Economics Update Real rates in Sweden set to fall to 40-year low With the Riksbank on hold, rising inflation means that real interest rates in Sweden are set to drop to a 40-year low. Such an accommodative stance seems unnecessary given the sound economic outlook... 7th September 2016 · 1 min read
Europe Data Response Euro-zone GDP Breakdown (Q2) Today’s final estimate of Q2 GDP confirmed that the slowdown in growth from the first quarter was largely due to household spending. Over the rest of the year, we think that consumer spending will... 6th September 2016 · 1 min read
Europe Data Response Swiss GDP (Q2) & CPI (Aug.) Q2’s healthy rise in Swiss GDP suggests that the economy was coping well with the franc’s continued strength, but the increase was flattered by temporary factors. And while CPI inflation edged up in... 6th September 2016 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q2) & CPI (Aug.) Q2’s healthy rise in Swiss GDP suggests that the economy was coping well with the franc’s continued strength, but the increase was flattered by temporary factors. And while CPI inflation edged up in... 6th September 2016 · 1 min read
Europe Economics Update Risk of Spain missing its deficit targets is building As Mariano Rajoy would benefit most from another election, his opponents may yet let him form a government. But with the public finances deteriorating and the deadline for the 2017 budget to be... 5th September 2016 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Aug.) Euro-zone government finances at the start of the third quarter of 2016 were much more of a mixed bag than the reasonably impressive figures from the first half of the year. Worryingly, the data... 5th September 2016 · 1 min read
Europe Data Response Euro-zone Retail Sales (Jul.) & Final PMIs (Aug.) Euro-zone retail sales started Q3 strongly but growth is set to slow in the coming months. Indeed, the downward revision to August’s euro-zone Composite PMI hints at the challenges facing the economy... 5th September 2016 · 1 min read
Europe Economics Weekly What are equity prices telling us about GDP? Euro-zone equity prices have risen so far in Q3, painting a more optimistic picture of the economy’s performance than the consumer and business surveys. However, there are two reasons why we think... 2nd September 2016 · 1 min read
Europe Commercial Property Update Slowdown in Spain won’t derail industrial rental growth Despite a slowdown in Spain’s economic recovery, growth is still expected to be healthy, providing a positive backdrop for industrial rental growth in Barcelona and Madrid. And with industrial pricing... 2nd September 2016 · 1 min read
ECB Watch ECB may extend QE programme again Recent news on the economy has reduced the pressure on the European Central Bank (ECB) to provide further policy stimulus at its forthcoming policy meeting on 8th September. But the weakness of price... 1st September 2016 · 1 min read
Europe Commercial Property Update Paris office rents on course to surpass consensus forecasts In the first half of 2016, prime office rental values in Paris have already matched the full year increase predicted by the IPF consensus forecasts. With take-up strong and a limited supply of quality... 1st September 2016 · 1 min read
Europe Data Response Euro-zone Flash CPI (Aug.) & Unemployment (Jul.) The unchanged headline inflation rate in August highlights the fact that price pressures in the euro-zone remain weak and boosts the case for more monetary easing from the ECB. 31st August 2016 · 1 min read
Europe Data Response Norwegian GDP (Q2) The hit to Norway’s GDP growth from lower oil prices appears to be fading. Nevertheless, with growth still fairly slow and inflation set to fall sharply, we still expect the Norges Bank to loosen... 31st August 2016 · 1 min read
Europe Data Response Danish GDP (Q2 16) In Q2 Danish GDP growth was worryingly dependent on external demand and a drop in imports, while survey indicators suggest that the economy will struggle to grow over the coming months. 31st August 2016 · 1 min read
Nordic & Swiss Data Response Danish GDP (Q2 16) In Q2 Danish GDP growth was worryingly dependent on external demand and a drop in imports, while survey indicators suggest that the economy will struggle to grow over the coming months. 31st August 2016 · 1 min read
