Europe Commercial Property Update Spanish industrial rents: manufacturing to fall further behind logistics Steeper falls in manufacturing output than in consumer spending in Spain help to explain the recent underperformance of Spanish manufacturing property rents relative to the logistics sector. And if we... 17th January 2013 · 1 min read
Europe Economics Update Cypriot bail-out struggles continue The Troika and the Cypriot Government have reached a stalemate, with the latter refusing to agree to the terms for a vital bail-out. An agreement should be reached after next month’s election and... 17th January 2013 · 1 min read
Europe Economics Update The euro could rise further - unhelpfully While the euro may well strengthen further in the near term, we still expect it to weaken again later in the year as worries over the currency union resurface. In the meantime, though, the strong... 15th January 2013 · 1 min read
Europe Commercial Property Update Investor's preference for retail over office in Vienna is likely to persist Over the past year or so, investors in Austrian property appear to have switched their preference from the office to the retail sector. Against an uncertain economic outlook, we expect this preference... 15th January 2013 · 1 min read
Europe Data Response Euro-zone Trade Balance (Nov.) & German GDP (2012) The latest euro-zone trade data and the 2012 German GDP figures do nothing to alter the view that the euro-zone economy ended the year on a low note. 15th January 2013 · 1 min read
Europe Data Response Euro-zone Industrial Production (Nov. 12) November’s euro-zone industrial production data provided further strong signs that the recession in the region as a whole intensified in the final quarter of last year. 14th January 2013 · 1 min read
Europe Economics Weekly ECB keeps its head in the sand The ECB’s comments last week dealt a blow to any hopes that it might provide more support to the euro-zone economy. With financial market conditions improving, the Bank no longer seems to be... 14th January 2013 · 1 min read
Europe Chart Pack Tentative signs of improvement Recent months have seen a small, but encouraging, improvement in some euro-zone activity indicators, particularly in the peripheral economies like Greece. However, in most cases, those indicators... 10th January 2013 · 1 min read
Europe Economics Update ECB dampens hopes of further policy action The European Central Bank (ECB) appears content to sit on the sidelines for now and hope that the recent stabilisation of the euro-zone debt crisis continues. Eventually, however, President Draghi’s... 10th January 2013 · 1 min read
Europe Economic Outlook Euro-zone recession to deepen in 2013 While the lull in the euro-zone debt crisis has continued in recent months, the news on the region’s economy has remained distinctly downbeat. Despite some improvement towards the end of last year... 9th January 2013 · 1 min read
Europe Commercial Property Update Euro-zone commercial property faces weak start to the year This morning’s EC survey suggests that euro-zone commercial property markets ended 2012 on a low note. What’s more, past form suggests that the weakening in economic sentiment already seen is... 8th January 2013 · 1 min read
Europe Data Response Euro-zone EC Survey (Dec.), Unemp. & Retail Sales (Nov.) Despite the small rise in economic sentiment in December, the latest batch of eurozone data still presented a decidedly downbeat picture of the state of the currency union’s economy at the end of last... 8th January 2013 · 1 min read
Europe Economics Weekly Euro-zone policymakers face another demanding year Euro-zone policymakers have created a bit of breathing space for themselves in the latter half of 2012, but we think that there are a number of potential stumbling blocks on the horizon which could... 7th January 2013 · 1 min read
Europe Commercial Property Update Copenhagen retail yields to resume upwards drift The surprising recent strength of the Danish consumer sector suggests that prime retail yields in Copenhagen may have peaked. But we think that retail occupier demand will suffer this year as, among... 4th January 2013 · 1 min read
Europe Data Response Euro-zone Flash CPI & Final Composite PMI (Dec. 12) The news that both activity and inflation in the euro-zone remained subdued at the end of last year will increase the pressure on the European Central Bank to provide further policy support ahead of... 4th January 2013 · 1 min read
