Europe Data Response German, French and Spanish Industrial Production (Nov.) November’s country data on industrial production and trade suggest that the euro-zone’s major economies have continued to stagnate at best, increasing the threat of a prolonged bout of deflation in... 9th January 2015 · 1 min read
Europe Commercial Property Outlook Further yield compression to boost capital values Further monetary easing from the ECB is unlikely to be decisive enough to put the euro-zone on a stronger growth trajectory, implying that the outlook for occupier markets is subdued. Nevertheless... 4th December 2014 · 1 min read
Europe Data Response German GDP (Q3) & French Business Confidence (Nov.) The second release of Q3 German GDP confirmed that the economy expanded by a meagre 0.1%. The breakdown offered some hope, with consumer spending and exports rising strongly, but surveys suggest that... 25th November 2014 · 1 min read
Europe Data Response Euro-zone GDP (Q3 Prov.) The small expansion in the euro-zone economy in Q3 has not diminished the need for both the European Central Bank (ECB) and national governments to respond to the persistent risk of deflation in the... 14th November 2014 · 1 min read
Europe Data Response German & French GDP (Q3) Q3’s near stagnation of the German economy confirmed that economic weakness has spread to the core of the single currency area. While France performed marginally better, it seems that the euro-zone... 14th November 2014 · 1 min read
Europe Data Response German & French Industrial Production (Sep.) September’s disappointing rebound in German industrial production increased the risks that both the German and euro-zone economies contracted in Q3 and added to the pressure on the ECB and German... 7th November 2014 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Oct.) All peripheral economies narrowed their budget deficits in September but France and Italy submitted draft budgets that flouted EU fiscal rules. 3rd November 2014 · 1 min read
Europe Data Response Euro-zone EC Survey (Oct.) October’s EC Business and Consumer Survey suggests that the euro-zone economy got off to a weak start in Q4, after broadly stagnating in Q3. 30th October 2014 · 1 min read
Europe Economics Update French fiscal slippage could promote more pragmatic policy The French Government’s submission today of a budget that flouts the European Commission’s fiscal rules will be a key test of EU authorities’ resolve. We expect a compromise to be reached that forces... 15th October 2014 · 1 min read
Europe Economic Outlook Stalled recovery adds to pressure on policymakers The European economic recovery has weakened, with the euro-zone now at risk of recession and countries outside the region feeling the effects on their exports. While the euro-zone’s peripheral... 13th October 2014 · 1 min read
Europe Economics Update Vote of confidence to offer limited hope for France The French Government looks set to win a vote of confidence tomorrow, allowing it to pursue long-overdue business friendly reforms. But it could take many years for the reforms to bear fruit and... 15th September 2014 · 1 min read
Europe Economics Update French political turmoil adds to near-term economic risks The latest anti-austerity backlash from within the French Government, together with supportive comments from the ECB, offer hope that the euro-zone’s fiscal straightjacket could be loosened in future... 26th August 2014 · 1 min read
Europe Economics Weekly Stalled recovery intensifies pressure on the ECB The euro-zone’s economic recovery came to a complete halt in the second quarter at what shouldhave been a very early stage. There were some temporary factors at play which suggest thatgrowth should... 18th August 2014 · 1 min read
Europe Data Response Euro-zone GDP (Q2 Prov.) The stagnation of the euro-zone economy in the second quarter further underlinedthe need for the European Central Bank (ECB) to take bolder policy action to addressthe continued weakness of the... 14th August 2014 · 1 min read
Europe Data Response French Industrial Production & German Trade (Jun.) Despite an improvement in June, French industrial data suggest that industry probablydragged on overall euro-zone growth in Q2. Meanwhile, Germany’s latest trade dataindicate that the external sector... 8th August 2014 · 1 min read
Europe Commercial Property Update Will Paris’ occupier demand outperformance last? Parisian office take-up grew by 55%y/y in the second quarter, but fell in three of the top four German cities, including a 45%y/y fall in Frankfurt. Nevertheless, the underlying weakness of the French... 7th August 2014 · 1 min read
