Europe Data Response Euro-zone GDP (Q2 Prov.) Euro-zone GDP growth lost some pace in the second quarter, with a renewed divergence between healthy growth in Germany and stagnation in France. 14th August 2015 · 1 min read
Europe Data Response Euro-zone Industrial Production (Jun.) June’s fall in industrial production rounded off a very weak quarter for the sector and strongly suggested that industry will have contributed to a slowdown in quarterly GDP growth in Q2. 12th August 2015 · 1 min read
Europe Economics Update Greek bailout built on fantasy forecasts While Greece appears finally to be on the verge of receiving a third bailout, the extremely optimisticeconomic & fiscal projections underlying the plan suggest that it might not last for very long. 11th August 2015 · 1 min read
Europe Commercial Property Update Slower pace of euro-zone yield compression set to be maintained Euro-zone all-property yields fell by just 3bps in the second quarter, their slowest quarterly decline since 2013. We believe this is likely to mark the start of a period in which yields now edge down... 10th August 2015 · 1 min read
Europe Economics Weekly Can the Spanish economy keep its place in the sun? Spain is set to remain the fastest growing of the major euro-zone economies for the next few quarters. But while the economy’s fundamentals have improved, the recent impressive growth rates also rest... 7th August 2015 · 1 min read
Europe Economics Focus Why hasn’t the German recovery taken off? Hopes that Germany would drive a strong euro-zone recovery have faded as subdued demand for its exports has offset the boost from a weaker euro. This trend is set to continue. And as the consumer... 6th August 2015 · 1 min read
Europe Data Response Euro-zone Retail Sales (Jun.) & Final PMIs (Jul.) The sharp drop in euro-zone retail sales in June suggests that consumer spending growth slowed in Q2. But July’s final Composite PMI implies that the wider economy maintained a steady pace of... 5th August 2015 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jul.) The peripheral economies continued to make fiscal progress in June. But halfway through the year, most have much more work to do if they are to meet their 2015 budget targets. The economic... 3rd August 2015 · 1 min read
Europe Data Response Euro-zone Flash CPI (Jul.) & Unemployment (Jun.) Euro-zone inflation was well below target in July and renewed rises in unemployment suggest that disinflationary forces remain strong. 31st July 2015 · 1 min read
Europe Data Response EC Business & Consumer Survey (Jul.) The European Commission’s monthly Business and Consumer Survey for July provided some reassurance that the euro-zone economic recovery has retained some momentum in the third quarter. But growth... 30th July 2015 · 1 min read
Europe Economics Update Are imbalances still a problem in the euro-zone? Euro-zone current account imbalances have narrowed since the financial crisis, and there are good reasons to think that they will not return to pre-crisis levels for some time. But policymakers’... 29th July 2015 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jun.) June’s euro-zone monetary data point to a continued economic recovery, although they suggest that growth will not gather much more pace. 27th July 2015 · 1 min read
Europe Economics Weekly Weak growth hindering euro-zone’s fiscal progress Greece last week passed the necessary reforms to start negotiations with its creditors on a third bailout. But with the country back in recession, it will struggle to meet the creditors’ fiscal goals... 24th July 2015 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Jul.) July’s renewed fall in the euro-zone composite PMI offers some early support to our view that the fragile recovery will slow in the second half of the year. 24th July 2015 · 1 min read
Commodities Update China, Japan & Euro-zone Flash PMIs (Jul.) Today’s weak PMI reading from China will reinforce the negative sentiment towards commodities, notably industrial commodities, but demand should still pick up on further policy easing. Meanwhile... 24th July 2015 · 1 min read
Precious Metals Update What are global auto sales telling us about PGM demand? Despite slowing auto sales in China, we believe autocatalyst demand for platinum and palladium will increase by at least 3% in 2015, helping to underpin our positive view on the prices of both metals... 23rd July 2015 · 1 min read
