Europe Economics Update Greek fiscal squeeze taking its toll on the economy Recent news has confirmed that the Greek central government is meeting its ambitious deficit reduction goals, adding to evidence that it will receive its second tranche of euro-zone and IMF funds in... 12th August 2010 · 1 min read
Europe Data Response Euro-zone Industrial Production (Jun.) Despite a small drop in production in June, the industrial sector remains the eurozone’s main engine of growth. But there remain stark divergences in industrial performance within the region. 12th August 2010 · 1 min read
Europe Economics Focus Could a weaker euro save the euro-zone? A sharp drop in the euro exchange rate might seem like the answer to all of the currency unions problems. But while it might boost the core economies exports, it would do little to help the troubled... 11th August 2010 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Investment market upturn to fade in H2 2010 (Aug 10) Investment market activity strengthened in the second quarter across the UK, Scandinavia and Emerging Europe with the result that initial yields fell a little further in a number of office, retail and... 10th August 2010 · 1 min read
Europe Economics Update Rise in German imports is not as good as it seems The recent surge in German imports has brought hope that the recovery there is starting to benefit the rest of the world. But Germany is still running a very large trade surplus and the persistent... 10th August 2010 · 1 min read
Europe Economics Weekly Is there any hope for euro-zone consumers? On the whole, the news on the euro-zone was fairly good again last week. Industrial figures from Germany confirmed that Q2 was a very good quarter and the final release of July’s euro-zone PMI surveys... 9th August 2010 · 1 min read
Europe Economics Update Political turmoil unlikely to threaten Italy's public finances Since Italy has already put in place measures to reduce its budget deficit over the next couple of years, the current political uncertainties do not pose a major risk to the near-term outlook for the... 9th August 2010 · 1 min read
Europe Data Response German Industrial Production (Jun.) & Italian GDP (Q2) German industrial production data and GDP estimates from Italy and Spain confirm that the euro-zone recovery gained pace in Q2, with Germany far in the lead despite June’s small fall in production. 6th August 2010 · 1 min read
Europe Commercial Property Update Are Paris retail yields too low? Compared to offices, history suggests that retail property yields in Paris are too low. The weak outlook for consumer spending and the stronger outlook for office rental value growth point to the same... 5th August 2010 · 1 min read
Europe Economics Update Cautious ECB to maintain policy support The ECB maintained a cautious stance towards the economic outlook at August’s press conference, despite recent surprisingly positive news. With the pick-up in growth likely to prove temporary, policy... 5th August 2010 · 1 min read
Europe Chart Pack Euro-zone takes the lead... for now July’s improvement in the euro-zone composite PMI was an encouraging sign that the economic recovery has continued and marked a stark contrast with falls in similar indicators in the US and UK. With... 4th August 2010 · 1 min read
Europe Data Response Euro-zone PPI (Jun.)/Spanish Unemp. & Con. Conf. (Jul.) The continued strength of euro-zone producer price inflation, coupled with the recent increase in CPI inflation, may prompt concerns that inflationary pressures are building. But we still expect CPI... 3rd August 2010 · 1 min read
Europe Economics Weekly Peripheral concerns still central On the face of it at least, last week brought good news as economic sentiment rose further in July and there were tentative signs that strains in the banking sector could be easing. But with credit... 2nd August 2010 · 1 min read
Europe Data Response Euro-zone Flash CPI (Jul.) & Unemployment (Jun.) July’s increase in euro-zone inflation probably reflected developments in energy and food prices, while core inflation remained low. The still high rate of unemployment in the region points to further... 30th July 2010 · 1 min read
ECB Watch A more positive tone, but tighter policy is distant The ECB’s decision to tighten future lending criteria and the fact that its bond purchases have ground to a near halt suggest that the Bank is again phasing out its unconventional policy support. The... 29th July 2010 · 1 min read
Europe Commercial Property Chart Pack Euro-zone investment market recovery under pressure (Jun 10) The gradual recovery in European commercial property investment volumes extended into Q2 2010. As a result, with the exception of Greece, property yields were either stable or fell slightly in all... 29th July 2010 · 1 min read
