Europe Data Response Euro-zone Retail Sales (Aug.) & Final PMIs (Sep.) August’s increase in euro-zone retail sales provided a positive sign for consumer spending. But with September’s PMIs revised down in the final estimates, there is more evidence that the euro-zone... 3rd October 2014 · 1 min read
Europe Economics Update Why haven’t euro-zone exports recovered more strongly? The persistent weakness of euro-zone exports seems to have reflected the high level of the euro, tradelinks with Emerging Europe and cost and regulatory pressures on the region’s exporters. While... 3rd October 2014 · 1 min read
Europe Economics Update ECB’s Draghi suggests QE is on its way President Mario Draghi hinted strongly that a deterioration in the inflation outlook in the coming months would result in the ECB taking bolder, unconventional policy action, leaving the door wide... 2nd October 2014 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Sep.) Smaller budget deficits were seen in most of the peripheral economies in August, but France’s fiscal position continued to deteriorate. 2nd October 2014 · 1 min read
Europe Chart Pack Economic weakness spreads to Germany The latest survey indicators seem to have confirmed that the euro-zone’s feeble recovery has already passed its peak. September’s fall in the composite PMI, for example, left it consistent with a... 1st October 2014 · 1 min read
Europe Data Response Euro-zone Flash CPI (Sep.) & Unemployment (Aug.) September’s fall in euro-zone inflation to a whisker above zero and August’s weak labour market data will add to the pressure on the ECB to signal further policy support at its meeting this Thursday. 30th September 2014 · 1 min read
Europe Data Response Euro-zone EC Survey (Sep.) September’s EC Business and Consumer Survey added to the evidence that the eurozoneeconomy struggled to pick up in Q3, after stagnating in Q2. 29th September 2014 · 1 min read
Europe Economics Weekly Euro's drop doesn't let ECB off the hook The continued depreciation of the euro exchange rate points to much-needed increases in export growth and imported inflation in the coming months. But this does not eliminate the risk of deflation and... 26th September 2014 · 1 min read
ECB Watch Preparing the ground for QE The ECB now seems to be taking deflation risks more seriously, implementing surprise interest rate cuts in September and leaving the door wide open to quantitative easing. With the economy apparently... 25th September 2014 · 1 min read
Europe Commercial Property Update What impact will weak economic growth have on Italian retail rents? The relationship between retail sales growth and prime high street rental growth in Italy has broken down in recent years as occupier demand has been driven mainly by luxury retailers. Accordingly, we... 25th September 2014 · 1 min read
Europe Economics Focus Finland set to lag behind Nordic neighbours Finland’s dismal post-crisis economic performance is at odds with the ongoing recoveries of its Nordic neighbours. Although these countries share many characteristics, Finland’s economic decline has... 25th September 2014 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Aug.) Although August’s euro-zone monetary data showed further signs of improvement, lending is still contracting and, given the low uptake at the ECB’s first TLTRO last week, there is little sign that this... 25th September 2014 · 1 min read
Nordic & Swiss Economics Focus Finland set to lag behind Nordic neighbours Finland’s dismal post-crisis economic performance is at odds with the ongoing recoveries of its Nordic neighbours. Although these countries share many characteristics, Finland’s economic decline has... 25th September 2014 · 1 min read
Global Economics Update Global growth set to strengthen in Q3 A composite of the flash manufacturing PMIs released so far suggests that the pace of global growthaccelerated in the third quarter, despite more signs of weakness in the euro-zone and Japan. 24th September 2014 · 1 min read
Europe Commercial Property Update Which sector offers the best prospects in the Netherlands? Given an environment of relatively muted economic growth in the Netherlands and its main trading partners, we think that office property returns have more potential to deliver a positive surprise than... 24th September 2014 · 1 min read
Europe Data Response German Ifo Survey (Sep.) September’s Ifo survey brought further worrying signs that the recovery in the German economy is grinding to a halt and underlined the need for both monetary and fiscal policy to provide further... 24th September 2014 · 1 min read
