Europe Rapid Response Euro-zone National HICP (September 2026) Data released for Germany, France, Italy and Spain point to an increase in euro-zone headline inflation from 3.2% in August to 3.7% in September. They also suggest that the indirect effects of higher... 30th September 2026 · 2 mins read
Europe Commercial Property Outlook Higher yields to weigh on property values in the near term Higher interest rates brought about by the ongoing energy shock are likely to push up prime property yields and hit capital values in the coming quarters, though rental growth should remain resilient... 29th September 2026 · 24 mins read
Europe Rapid Response EC Economic Sentiment Indicator (September) The euro-zone’s Economic Sentiment Indicator fell slightly in September but was still at a level consistent with steady growth. With price pressures in services reasonably well contained we still... 29th September 2026 · 2 mins read
Europe Economics Weekly Further diesel shock on the way? President Trump’s proposed ban on diesel exports has the potential to cause another diesel shock in Europe in the coming weeks – pushing prices up by as much as another 50%. While we suspect any ban... 25th September 2026 · 6 mins read
Europe Economics Update Election worries will keep pressure on French bonds Global bond markets have taken a big hit in recent months, but French government bonds have been singled out. We think this makes sense given the widening fiscal deficit and the growing risks around... 24th September 2026 · 3 mins read
Europe Commercial Property Update Further rises in property yields are on the way A higher path for interest rates means we now expect euro-zone all-property yields to rise by 15-20bps over the next 6-12 months. The risk of increases appears greatest in Paris, where the property-to... 24th September 2026 · 3 mins read
Europe Economic Outlook Investors expecting too many hikes from the ECB The euro-zone economy is likely to continue growing at around its trend rate of 1% over the next year or two. Among the largest countries, Germany, France and Italy will grow at a modest pace while... 24th September 2026 · 25 mins read
Europe Rapid Response Germany Ifo Business Climate Index (September) 24th September 2026 · 2 mins read
Europe Rapid Response Euro-zone Flash PMIs (September 2026) September’s big improvement in the euro-zone’s composite PMI supports our view that despite the weakness in the official activity data in July, GDP will increase in Q3. The output price PMIs rose too... 23rd September 2026 · 2 mins read
Europe Rapid Response Euro-zone Consumer Confidence (September 2026) September’s decline in consumer confidence shows that households’ moods have soured as energy prices have risen. But as long as oil and natural gas prices don’t rise a lot further, we think household... 22nd September 2026 · 2 mins read
Europe Commercial Property Update Productivity gains not yet accompanied by weaker office demand Despite productivity gains that could reduce the need for office space, markets with a high share of information and communication jobs have generally seen stronger office take-up over the past year... 22nd September 2026 · 3 mins read
Europe Economics Weekly A tale of two shocks Events this week highlighted two of the biggest challenges facing Europe's economy: the energy shock and the China shock. We expect euro-zone GDP to keep rising over the coming quarters despite higher... 18th September 2026 · 6 mins read
Europe Economics Update Euro-zone inflation to hit 4% by December We forecast headline inflation in the euro-zone to jump from 3.2% in August to 3.8% in September. And we think that increases in energy, food and core inflation will push it up to 4% by December. But... 17th September 2026 · 3 mins read
Europe Economics Focus China Shock hitting euro-zone harder than most regions China Shock 2.0 will be a structural drag on euro-zone growth for the rest of this decade. Consumers will benefit from cheaper and increasingly sophisticated Chinese imports but manufacturers are... 16th September 2026 · 12 mins read
Europe Rapid Response Euro-zone Industrial Production (July 2026) After euro-zone industrial production edged down in July, we expect the sector to continue to struggle as the increase in EU natural gas prices gradually feeds through to industrial gas and... 16th September 2026 · 2 mins read
Europe Economics Update AI having a small impact on EZ productivity growth Growth in output and productivity in the euro-zone’s information and communication sector is very strong by historical standards, no doubt reflecting the impact of AI. However, so far there is no... 15th September 2026 · 3 mins read
