Europe Economics Focus How would a euro break-up affect the core? A euro-zone break-up would see the re-instated domestic currencies of the region’s core economies appreciate sharply. Without appropriate policy action, the resulting damage to exports would more than... 20th November 2012 · 1 min read
Europe Economics Focus How the core economies managed before the euro The common perception that the euro-zone’s core economies are inherently dependent on exports and would struggle to grow outside the single currency is misplaced. They all achieved pretty strong... 12th November 2012 · 1 min read
Europe Data Response German Industrial Production (Sep. 12) September’s German industrial production figures poured cold water on recent talk of a recovery in the euro-zone’s biggest economy. 7th November 2012 · 1 min read
Europe Commercial Property Update Will German property rents be immune to the downturn? Recent business surveys do nothing to undermine our forecast that Germany will lapse back into recession next year. Admittedly, that recession should be mild. But that is unlikely to prevent... 1st November 2012 · 1 min read
Europe Data Response Euro-zone Composite PMI & German Ifo Survey (Oct.) October’s euro-zone PMI and German Ifo surveys continued to paint a pretty dismal picture of growth prospects in the region as a whole and confirmed that Germany is also suffering. 24th October 2012 · 1 min read
Europe Economic Outlook A lull in the storm Expectations of stronger policy support from the European Central Bank have prompted a period of relative calm in the euro-zone. But previous lulls have not lasted for very long. There are still few... 16th October 2012 · 1 min read
Europe Data Response German ZEW Survey (Oct.), EZ Trade & Final CPI (Aug./Sep.) October’s rise in the German ZEW index suggests that the prospect of ECB bond purchases has continued to ease investors’ fears for the economy. And August’s trade data suggest that the euro-zone as a... 16th October 2012 · 1 min read
Europe Data Response German Industrial Production & Trade (Aug.) August’s German industrial production and trade figures suggest that, unlike most of the rest of the euro-zone, the economy is probably avoiding a recession for now. 8th October 2012 · 1 min read
Europe Commercial Property Update Cheap relative rents driving Frankfurt retail occupier appeal Recent evidence shows that the Frankfurt retail market is seeing very strong occupier demand. But this demand seems to be driven more by the low level of Frankfurt retail rents relative to the... 27th September 2012 · 1 min read
Europe Data Response German Ifo Survey (Sep. 12) September’s fall in the German Ifo business survey is a reminder that even the euro-zone’s strongest economies are suffering from a severe economic downturn. 24th September 2012 · 1 min read
Europe Commercial Property Focus In which German city is the office rental outlook best? Over the next five years we think that, with regard to the outlook for rental values, the composition of its occupier base and its low level of rental values means that, on average, Frankfurt is... 20th September 2012 · 1 min read
Europe Data Response German ZEW Survey (Sep. 12) September’s rise in ZEW investor sentiment was broadly encouraging, but the index remains consistent with a sharp deterioration in German economic activity. We still see GDP falling by about 1.0% next... 18th September 2012 · 1 min read
Europe Data Response German Industrial Production & Trade (Jul.) July’s German industrial production and trade figures suggest that the economy made a good start to the third quarter despite falling demand elsewhere in the euro-zone. 7th September 2012 · 1 min read
Europe Data Response German Industrial Production (Jun.) June’s industrial production figures did little to reduce the danger that the German economy tipped into recession in the second quarter. 8th August 2012 · 1 min read
Europe Data Response German Ifo Survey (Jul.) July’s Ifo index will add to the growing concerns over the health of the German economy and the outlook for the country’s credit rating. 25th July 2012 · 1 min read
