Europe Data Response Euro-zone Unemployment (Jul.) & Flash CPI (Aug.) The rise in euro-zone unemployment in July, coupled with the pick-up in inflation in August, supports the view that the downturn in household spending will intensify in the second half of this year. 31st August 2012 · 1 min read
Europe Commercial Property Update Will Danish industrial property continue to underperform? Industrial property in Copenhagen is unlikely to buck the general trend of falling capital values in European markets. But over the next 18 months, and in contrast to the past five years, those falls... 31st August 2012 · 1 min read
ECB Watch Bond purchases on hold, but other measures possible We expect the ECB to disappoint markets this week with its plans for peripheral government bond purchases. President Mario Draghi is likely to state that such purchases will be limited and that they... 30th August 2012 · 1 min read
Europe Data Response Euro-zone EC Survey (Aug.) August’s weaker than expected EC business and consumer surveys provided further signs that the euro-zone is in a broad-based recession. This will add to the pressure on the ECB to come up with more... 30th August 2012 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jul.) The latest monetary data confirm that the ECB’s earlier liquidity operations have yet to boost lending to the private sector, which will add to the pressure on the Bank to do more. As well as buying... 28th August 2012 · 1 min read
Europe Commercial Property Focus Will safe-haven flows prevent a fall in Stockholm office values? Sweden’s strong economic fundamentals and high transparency scores have boosted overseas demand for Stockholm office property and pushed yields down to historically low levels. But we are sceptical... 28th August 2012 · 1 min read
Europe Economics Weekly Is this the real crunch time for Greece? Given the number of “crunch times”, “end-games” and “abysses” that Greece has faced over the last two years, it would be easy to dismiss the latest speculation that the tragedy is about to reach its... 24th August 2012 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Emerging Europe – at a turning point? Norway and Sweden continue to ride out the euro-zone crisis relatively well. But the picture in Emerging Europe is less bright. The Czech and Hungarian economies both contracted in Q2, while the pace... 24th August 2012 · 1 min read
Nordic & Swiss Data Response Norwegian GDP (Q2 12) Q2’s Norwegian GDP data provided further signs that the economy is shrugging off the euro-zone debt crisis. But although Norway is likely to remain one of Europe’s best performers over the coming... 23rd August 2012 · 1 min read
Europe Data Response Norwegian GDP (Q2) Q2’s Norwegian GDP data provided further signs that the economy is shrugging off the euro-zone debt crisis. But although Norway is likely to remain one of Europe’s best performers over the coming... 23rd August 2012 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Aug.) August’s flash euro-zone purchasing managers’ index (PMI) did nothing to challenge the notion that the single currency area is now firmly in recession. 23rd August 2012 · 1 min read
Europe Commercial Property Update What is the outlook for Dutch retail property? The weakness of indicators of consumer activity in the Netherlands suggests that the recent pause in retail rental value growth is unlikely to be a one-off. Even so, the outlook for Dutch retail... 21st August 2012 · 1 min read
Europe Economics Weekly Core’s export resilience won’t last The most surprising element of last week’s Q2 GDP figures was the robustness of exports from France and Germany. Previously strong demand from Asia and the US appears to have been the key, while the... 17th August 2012 · 1 min read
Europe Commercial Property Chart Pack Capital values hold firm in core markets In Q2, the euro-zone economy contracted as peripheral member states recorded sharp falls in GDP. Consistent with that, falls in all-property capital values remain centred on peripheral markets. But if... 15th August 2012 · 1 min read
Europe Commercial Property Update Where will Spanish and Italian property yields peak? Reports that investor interest in Spanish and Italian property has slumped in recent months seem consistent with our view that from current levels, property yields in both markets will see above... 14th August 2012 · 1 min read
Europe Data Response Euro-zone GDP (Q2) & German ZEW (Aug.) The euro-zone economy probably entered recession in Q2. And the troubled peripheral economies saw sharp falls in GDP, hindering their fiscal consolidation efforts and deepening the region’s debt... 14th August 2012 · 1 min read
