Europe Economic Outlook The crisis continues Recent events in Italy, Cyprus and Portugal have put a dent in hopes that the three-year crisis in the euro-zone is finally drawing to a close. Meanwhile, previous tentative signs that the broader... 10th April 2013 · 1 min read
Europe Economics Update Are Greek economic prospects really improving? Recent news from Greece has provided tentative signs that the economic situation there is improving. But we still think that the economy will remain in recession for longer than the Troika expects and... 10th April 2013 · 1 min read
Europe Commercial Property Update How will FX rates influence Nordic and Swiss property values? The currency driven boost to total returns in euro terms in Nordic and Swiss property markets seen over the past three years might have a little further to go. At some point, though, we would expect... 9th April 2013 · 1 min read
Europe Data Response German Industrial Production (Feb. 13) February’s German industrial production figures suggest that the economy’s engine of growth is still just about ticking over, but only very slowly. 8th April 2013 · 1 min read
Europe Economics Weekly Is the ECB about to unveil another bazooka? Despite ECB President Mario Draghi’s assurance last week that the Bank “stands ready to act”, he gave very little indication of what support it might offer. An imminent interest rate cut is possible... 8th April 2013 · 1 min read
Europe Commercial Property Update When will euro-zone logistics rental values find a floor? The combination of Q4’s 0.6%q/q fall in euro-zone GDP and the weakness of the latest activity data suggest that, in the short term, falls in region-wide logistics rents are more likely to accelerate... 5th April 2013 · 1 min read
Europe Economics Update ECB "ready to act", but running out of options After leaving interest rates on hold today, ECB President Draghi acknowledged the downturn in the economic outlook and stated that the Bank stood ready to act in future. However, he provided little... 4th April 2013 · 1 min read
Europe Economics Update How big a threat is a Slovenia bail-out? Slovenia is indeed different from Cyprus, as its government has been at pains to point out, but the country may nonetheless struggle to overcome its banking crisis without outside help. That said, any... 4th April 2013 · 1 min read
Europe Commercial Property Update French commercial property outlook darkens The latest survey evidence suggests that the French recession deepened in the first quarter. For now, while low economic sentiment seems to be dampening growth in French real estate equity prices... 4th April 2013 · 1 min read
Europe Chart Pack Recovery already losing steam Recent activity indicators suggest that the euro-zone economy had started to lose some of its momentum even before the recent escalation of the crisis in Cyprus. Admittedly, most survey indicators are... 3rd April 2013 · 1 min read
Europe Data Response Euro-zone Flash CPI (Mar. 13) While headline euro-zone inflation fell again in March, there were some signs of a rise in core price pressures. But these are likely to prove temporary. 3rd April 2013 · 1 min read
Europe Economics Update Can Italy shrug off its political deadlock? The recent news from Italy suggests that it could still be some time before a new government is in place. While there is little sign, for now at least, that this has damaged business and consumer... 2nd April 2013 · 1 min read
Europe Data Response Euro-zone Unemployment (Feb.) & Manufacturing PMI (Mar.) The further rise in euro-zone unemployment in February, coupled with the low level of March’s manufacturing PMI, confirmed the underlying weakness of the economy. 2nd April 2013 · 1 min read
Europe Economics Weekly Market calm provides limited comfort The relative calmness of the financial markets during the Cyprus episode and after the Italian election might be seen as an indication that the worst of the euro-zone crisis is now behind us. But it... 1st April 2013 · 1 min read
ECB Watch A softer tone but no action The crisis in Cyprus, together with the continued deterioration in indicators of euro-zone economic activity, should lead the ECB to strike a more supportive tone at this month’s press conference. But... 28th March 2013 · 1 min read
Europe Commercial Property Update Increased use of rental incentives to set back office rent recovery An increase in rent-free periods on typical office leases in some European markets helps to explain why headline rents have recently been less responsive to changing occupier demand conditions than... 28th March 2013 · 1 min read
