Europe Economics Update Does the euro-zone cycle lag behind that in the US? The euro-zone’s relative resilience has prompted some optimism lately, but note that the region’s business cycle typically lags behind that of the US. Euro-zone growth will almost certainly follow... 24th August 2010 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Aug.) August’s fall in the euro-zone composite PMI suggests that the recovery is now beginning to slow alongside those of other major economies. But the index points to pretty strong GDP growth for the time... 23rd August 2010 · 1 min read
Europe Economics Weekly Export recovery to slow before long Recent encouraging news on the euro-zone has prompted us to revise up our 2010 GDP growth forecast from 1.0% to 1.5%. But the recovery is still heavily reliant on German exporters and the outlook for... 23rd August 2010 · 1 min read
Europe Economics Update Two-speed euro-zone still on shaky ground Q2’s GDP figures highlighted huge divergences within the euro-zone. We have revised up our growth forecast for this year, but this is entirely down to a better performance by Germany. And with... 17th August 2010 · 1 min read
Europe Commercial Property Update GDP data flatter the euro-zone occupier market outlook The surprisingly strong rise in euro-zone GDP in Q2 2010 is probably less supportive for occupier markets than it appears at first sight. For a start, the region remains vulnerable to a slowdown in... 13th August 2010 · 1 min read
Europe Data Response Euro-zone GDP (Q2) Q2’s GDP figures confirm that the euro-zone performed surprisingly well, both by its own and international standards. But the recovery remains dependent on exports from the core economies, which look... 13th 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
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 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 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
Europe Data Response Euro-zone EC Survey (Jul.) July’s improvement in the EC consumer and business surveys adds to the evidence that the euro-zone is performing surprisingly well. But divergences between the region’s economies are widening. 29th July 2010 · 1 min read
