Europe Economics Update The beginning of the end for the euro? The continued failure of European policymakers to agree on a new package to support Greece and the growing signs that larger economies like Spain and Italy are being dragged further into the crisis... 13th July 2011 · 1 min read
Europe Commercial Property Update Office yields in Milan likely to fall behind core euro-zone markets Despite concerns about its solvency, financial markets are still giving the Italian economy the benefit of the doubt. For now, property investors are treating Milan’s office market in a similar... 2nd July 2011 · 1 min read
Europe Data Response Italian & Portuguese GDP (Breakdown, Q4) The Italian and Portuguese Q4 GDP expenditure breakdowns add to evidence that the divergence in economic growth between the northern and southern euro-zone economies is unlikely to narrow... 11th March 2011 · 1 min read
Europe Commercial Property Focus Investment case for the Italian retail market remains weak Italy’s historic position as one of the euro-zone’s most expensive retail markets might suggest that the recent stability of Italian retail yields, while yields in other euro-zone markets have fallen... 8th February 2011 · 1 min read
Europe Economics Update Italian industrial sector defying gravity Recent news from Italy suggests that the industrial recovery is going from strength to strength. Nonetheless, we doubt that this marks the start of an Italian renaissance. Indeed, there are several... 11th October 2010 · 1 min read
Europe Data Response Italian GDP (Q2), Italian & French Industrial Production (Jul.) Q2’s Italian GDP figures confirmed that Italy continued to expand at a pretty healthy pace last quarter. But we think that the recovery may already have run its course and that there is a strong... 10th September 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 Italy: the best of a bad bunch? The Q2 2010 RICS global commercial property survey points to a divergence in commercial property performance between Italy and the rest of the so-called “PIIGS”. That is consistent with our view that... 26th July 2010 · 1 min read
Europe Economics Focus Is Italy Europe’s ticking time-bomb? Perennially weak growth and a mountain of government debt mean that the Italian public finances are a potential time-bomb waiting to explode. Indeed, we think the size of the Governments debts will... 5th July 2010 · 1 min read
Europe Data Response Italian GDP (Q1), Italian & French Industrial Production (Apr.) Q1’s GDP figures confirmed that, for now at least, Italy is expanding at a reasonably healthy pace. But with signs that the euro-zone fiscal crisis is damaging business and consumer confidence, growth... 10th June 2010 · 1 min read
Europe Data Response Germany Trade/France & Italy Industrial Production (Mar.) The latest data from the three main economies suggest that the region ended Q1 on a high note. But while the economic recovery may gain momentum in the short term, a prolonged period of fiscal... 10th May 2010 · 1 min read
Europe Economics Update Can Italy stay beneath the markets’ radar? Despite having the highest level of government debt in the euro-zone, Italy has so far been largely untouched by the growing contagion effects of the Greek fiscal crisis. But there is no room for... 6th May 2010 · 1 min read
Europe Data Response Italian GDP (Q4), Italian & French Industrial Production (Jan.) Q4’s Italian GDP figures were pretty dreadful. With domestic demand still very fragil and a fundamental lack of competitiveness hampering the external sector, Italy looks set to stage a slow and... 10th March 2010 · 1 min read
Europe Commercial Property Update Increased supply will weigh on Italian office rental values Although office rental values in Italy have held up reasonably well over the past eighteen months, a slow recovery in the economy and a rise in development completions suggest that this will not last... 18th February 2010 · 1 min read
Europe Commercial Property Update Italy’s exit from recession does not spell end to occupier downturn The breakdown of Italy’s Q3 GDP data provided some good news for its retail and industrial property markets. However, the full effects of the drop in output over the past 12-18 months have yet to be... 10th December 2009 · 1 min read
