Europe Economics Focus Has Ireland really found the escape route? Ireland has been widely hailed as a “poster boy” for the euro-zone’s austerity driven crisis response. But the major challenges still facing the economy undermine the view that the country has forged... 5th August 2013 · 1 min read
Europe Economics Update Denmark to drag itself out of property slump The Danish property market, at the heart of the country’s long slump, is on the mend. This suggests that the economy is finally turning a corner, but the recovery in both house prices and the wider... 5th August 2013 · 1 min read
Europe Data Response Euro-zone Final PMIs (Jul.) & Retail Sales (Jun.) July’s final PMI surveys improved the chances that the euro-zone is about to move out of recession. But the continued weakness of consumer activity adds to the doubts over the likely strength and... 5th August 2013 · 1 min read
Europe Economics Weekly Draghi muddies the waters President Draghi failed to convincingly improve the ECB’s transparency last week. He added some detail to last month’s pledge that interest rates would “remain at present or lower levels for an... 5th August 2013 · 1 min read
Nordic & Swiss Economics Update Denmark to drag itself out of property slump The Danish property market, at the heart of the country’s long slump, is on the mend. This suggests that the economy is finally turning a corner, but the recovery in both house prices and the wider... 5th August 2013 · 1 min read
Europe Economics Update ECB does little to improve transparency A slow but steady removal of monetary stimulus in the US over the next few years is likely to have important implications for a wide variety of financial market instruments. It should buoy the dollar... 1st August 2013 · 1 min read
Europe Chart Pack Monetary weakness casts doubts over recovery Survey-based euro-zone activity indicators like the composite PMI have continued to strengthen in recent months, raising the prospect that the currency union’s economy may finally emerge from its near... 31st July 2013 · 1 min read
Europe Data Response Euro-zone Flash CPI (Jul.) & Unemployment (Jun.) The latest news on euro-zone unemployment and inflation injected a slight note of caution after the recent run of better news from the region. 31st July 2013 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jul.) The latest figures on the public finances show that Italy and Portugal are struggling to reduce their budget deficits, but Ireland, Greece and Spain are faring rather better. 30th July 2013 · 1 min read
Europe Data Response Euro-zone EC Survey (Jul.) July’s EC survey added to evidence that the downturn in the euro-zone is easing, but it certainly did not point to a strong recovery. 30th July 2013 · 1 min read
Europe Commercial Property Update When will office rents in Milan and Paris turn the corner? In contrast to most euro-zone markets, the downturn in Milan and Paris office rental values was extended in the second quarter. The comparatively high level of rents in each market, the rising trend... 30th July 2013 · 1 min read
Europe Data Response Swedish GDP (Q2 13) Credit growth slowed last month, a sign that the cash crunch delivered some of what policymakers were hoping for. But credit is still expanding more than twice as fast as economic output, which means... 30th July 2013 · 1 min read
Nordic & Swiss Data Response Swedish GDP (Q2 13) The fall in Swedish GDP in Q2, which mainly reflected a sharp slowdown in household spending, supports our long-held view that the consensus expectation for a steady acceleration in economic growth... 30th July 2013 · 1 min read
Europe Economics Weekly The ECB’s monetary pillar is still very weak Last week’s euro-zone data revealed a further pick-up in some measures of real economic activity, with the composite PMI for July raising the prospect that the region’s two-year recession could come... 29th July 2013 · 1 min read
Europe Commercial Property Chart Pack Property yields still holding their ground Despite recent signs that the euro-zone recession is easing, the tone of the latest occupier market data remains soft and there has been no observable upward shift in investment market activity. Even... 26th July 2013 · 1 min read
ECB Watch Moving towards a rate cut? With indicators of economic activity improving slightly, the ECB is unlikely to cut interest rates this month. Meanwhile, divisions within the Governing Council might prevent it from clarifying last... 25th July 2013 · 1 min read
