Europe Economics Update EZ housebuilding subdued, civil engineering growing There is likely to be an increase in civil engineering activity in the euro-zone this year as Germany’s government boosts infrastructure spending. However, we think that this boost will be smaller... 19th February 2026 · 2 mins read
Global Commercial Property Update Supply cuts won’t spark immediate logistics recovery Global new industrial supply has been contracting rapidly, hitting its lowest level in a decade as developers pull back. However, we expect demand to fall short of supply again this year, delaying a... 18th February 2026 · 3 mins read
Long Run Economic Outlook US and Asia to lead the AI decade Global growth will slow in the long run as population growth weakens and the scope for emerging market catch-up narrows, but there will be bright spots. We are increasingly confident that advances in... 18th February 2026 · 1 hr, 9 mins read
Global Economics Focus US still tops AI index, but China surges up the rankings We have updated our proprietary AI Economic Impact Index, which ranks major economies according to their ability to realise the long-run benefits of AI. The US still leads. The Asian tigers and UK... 17th February 2026 · 16 mins read
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q1 2026) Commercial property valuations held steady in Q4, with falling equity dividend yields offsetting rising government bond yields. Looking ahead, falls in western European government bond yields this... 17th February 2026 · 0 mins read
Commodities Weekly EU carbon market rocked by politics; volatile “safe havens” EU carbon prices fell sharply this week on the back of calls by political and industry leaders to water down the EU Emissions Trading System. As we’ve highlighted before, this is a risk that could... 13th February 2026 · 4 mins read
Europe Economics Weekly Bundesbank embracing joint borrowing? Comments by Bundesbank President Joachim Nagel this week suggest the German central bank has abandoned its long-standing opposition to EU joint borrowing. But while we might see some more jointly... 13th February 2026 · 7 mins read
Europe Economics Update Euro-zone productivity to remain slow Data released this morning confirm that euro-zone productivity growth remained sluggish last year. While productivity is already benefitting from AI in the US, we expect it to stay slow in the euro... 13th February 2026 · 2 mins read
Europe Commercial Property Update Softer data point to weaker retail revival in the euro-zone The data for euro-zone retail rents have been notably weaker since mid-2025. Given this and the fragile economic backdrop, we think that any retail recovery over the next year or more will now be... 12th February 2026 · 3 mins read
Capital Daily Norway no canary in the European sovereign bond coal mine Today’s slump in government bonds in Norway isn’t likely to set the tone for the rest of Europe. 10th February 2026 · 4 mins read
Europe Commercial Property Update Q4 RICS survey highlights weakness in German and French markets The Q4 RICS survey pointed to a largely stable euro-zone commercial property market at the end of last year. However, there were marked differences between prime and secondary assets as well as within... 10th February 2026 · 2 mins read
Europe Economics Update Consensus overcautious on Spanish consumers While the consensus expects economic growth in Spain to slow in 2026, we think that strong consumption will keep the economy growing at a similar pace to the 2.8% recorded last year. 9th February 2026 · 3 mins read
Europe Chart Pack Europe Chart Pack (Feb. 2026) We expect euro-zone GDP growth to be fairly sluggish in the coming years. Germany’s fiscal stimulus should provide only a temporary and fairly modest boost, and we don’t think it will do much to raise... 9th February 2026 · 1 min read
Europe Economics Weekly Christine Lagarde’s wishful thinking on AI This week’s inflation data and ECB decision were in line with expectations. In this Weekly we take a look at Christine Lagarde’s claim that there is a significant AI-related pick-up in investment in... 6th February 2026 · 5 mins read
Europe Rapid Response German Industrial Production (December) The slump in German industrial production in December pours cold water on the hopes of an industrial recovery. And though the recent pick-up in industrial orders suggests the outlook for the start of... 6th February 2026 · 2 mins read
Capital Daily Weighing up the implications of today’s MPC and ECB meetings A dovish UK MPC meeting prompted big falls in both short-dated Gilt yields and sterling today, whereas there wasn’t so much reaction in the markets to the ECB’s gathering. We think there is scope for... 5th February 2026 · 4 mins read
