Europe Economics Update ECB finally facing facts President Draghi’s comments at Jackson Hole supported our long-held view that the ECB will take theplunge into full-blown quantitative easing, probably around the turn of the year. 26th August 2014 · 1 min read
Global Economics Update Global economy too reliant on the US Preliminary business surveys for August, which were published by Markit today, suggest that growthcontinues to be sluggish in Japan and the euro-zone and that China’s economy is slowing. In contrast... 21st August 2014 · 1 min read
Europe Commercial Property Update Weak economic data suggest euro-zone rental upturn not imminent Recent, disappointing euro-zone economic data reaffirm our view that a meaningful, demand-driven commercial property rental upturn is not yet on the horizon. Given a looming floor for yields, this... 21st August 2014 · 1 min read
Europe Data Response Euro-zone Trade (Jun.) June’s euro-zone trade data provided yet further evidence that the external sectorremains too weak to make up for the region’s feeble domestic recovery. 18th 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 Euro-zone Industrial Production (Jun.) June’s euro-zone industrial production data confirmed that industry’s recovery has faltered and suggested that the sector may have dragged on GDP growth in Q2. 13th August 2014 · 1 min read
Europe Data Response Euro-zone Retail Sales (Jun.) & Final PMIs (Jul.) June’s rise in euro-zone retail sales points to a further modest increase inconsumer spending in the second quarter. But more timely indicators, such astoday’s final PMI figures, suggest that the... 5th August 2014 · 1 min read
Europe Economics Weekly Credit conditions easing, but still very tight The ECB’s latest Bank Lending Survey (BLS) added to the evidence that improving conditions in the euro-zone’s financial sector are finally feeding into the real economy. But it will be a while before... 4th August 2014 · 1 min read
Europe Commercial Property Chart Pack Capital values boosted by yield compression Economic indicators paint a mixed picture of the euro-zone recovery. On the one hand, the situation in the peripheral economies is improving. But at the same time, growth in the core economies appears... 1st August 2014 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jul.) Although progress remains slow in many countries, the latest euro-zone fiscal data provided moreevidence that peripheral governments are gradually strengthening their fiscal positions. 1st August 2014 · 1 min read
Europe Data Response Euro-zone Flash CPI (Jul.) & Unemployment (Jun.) July’s flash euro-zone consumer prices data underlined the continued weaknessof price pressures in the currency union and supported our view that the ECB hasmore work to do to tackle the risk of... 31st July 2014 · 1 min read
Europe Economics Update Euro’s fall provides glimmer of hope, but more needed The euro finally appears to be succumbing to the downward pressure implied by the divergentprospects for monetary policy in the US and euro-zone. But bigger declines are likely to be needed tokick... 30th July 2014 · 1 min read
Europe Data Response Euro-zone EC Survey & ECB Bank Lending Survey (Jul.) July’s tiny rise in the EC’s Economic Sentiment Indicator (ESI) suggests that the eurozonerecovery is unlikely to strengthen much in Q3. 30th July 2014 · 1 min read
Global Economics Update Low inflation a threat to fiscal policy in the euro-zone and Japan Continued very low inflation is likely to have anegative impact on debt ratios in both Japan andthe euro-zone during the coming years. Insouthern euro-zone countries real interest rateswill probably... 28th July 2014 · 1 min read
Europe Economics Weekly Euro-zone consumers still not ready to spend freely Despite a slight fall in July, euro-zone consumer confidence remains at a high level. But this hasyet to be reflected in a significant rise in spending growth. This might be because consumers’optimism... 28th July 2014 · 1 min read
