RICS Global Commercial Property Monitor Q4 2014
|
|
- Rebecca Kelley
- 8 years ago
- Views:
Transcription
1 Simon Rubinsohn Chief Economist +44 (0) RICS ECONOMICS RICS Global Commercial Property Monitor Q * RICS Occupier Sentiment Index (OSI) is constructed by taking an unweighted average of readings for three series relating to the occupier market measured on a net balance basis; occupier demand, the level of inducements and rent expectations. RICS Investment Sentiment Index (ISI) is constructed by taking an unweighted average of readings for three series relating to the investment market measured on a net balance basis; investment enquiries, capital value expectations and the supply of distressed properties. Property Sentiment Defies Financial Market Turbulence remains robust, while the US shows some of the strongest Q4 momentum and now lead the way in terms of occupier market improvement Sentiment still weak in, while deteriorating even further in The Q RICS Global Commercial Property Monitor shows momentum beginning to shift up a gear in a number of countries, although conditions vary considerably. RICS composite indicators - the Investment Sentiment Index (ISI) and Occupier Sentiment Index (OSI) - confirm that commercial property continues to perform strongly in, in keeping with results posted over much of the past two years. What's more, forward looking indicators are pointing to this trend being sustained, with further meaningful rental and capital value gains anticipated by survey respondents. Although this may appear inconsistent with downbeat macro data, the low interest rate environment and high levels of liquidity are key driving forces behind the robust market trend. Significantly, New Zealand and now exhibit the firmest OSI readings, indicating occupier market conditions in these two countries are now improving at the fastest pace in this quarter s survey. Both economies have grown in excess of 3% over the past year and have achieved rapid rates of job creation, although it should be noted that s upturn started from a considerably lower base. Elsewhere, the US market appears to have strengthened over the past few months. Indeed, tenant demand and investment enquiries are rising significantly, which is in line with GDP reportedly growing at an annualised pace of 5% in Q3 and the rate of unemployment having fallen to its lowest level in over six years. The latest RICS results also show solid momentum in,, and the UK, with each country expected to record firm capital value and rental growth over the coming twelve months. In fact, and registered the sharpest increase in investor demand during Q4 (in net balance terms), relative to all nations covered in the monitor, which signals a strong rebound after the harsh impact of the 2008 global financial crisis in both cases. By way of contrast, the performance of the occupier markets in and Italy remains poor, as weak tenant demand is being accompanied by rising availability of space. Unemployment rates have actually edged up over the past year in both instances which goes someway to explaining the poor backdrop. Consequently, near term rent expectations remain negative. Crucially, however, the investment markets are showing some early signs of improvement, with investment enquiries rising substantially in and at a more moderate rate in Italy. That said, this has yet to fully feed through into capital value expectations which paint a broadly flat picture near term, albeit certain areas of the market may see marginal growth. The performance across most emerging markets was uninspiring during Q4, although respondents in remain optimistic about the year ahead (also reflected in the relative resilience of the stock market). As such, with the exception of, exhibits the strongest twelve month growth projections for rents and capital values compared with all other areas. Meanwhile in, OSI and ISI readings are implying a flat market, with growth in supply outweighing that of demand on both the investment and occupier sides. This trend chimes somewhat with the general slowdown in the rate of Chinese economic expansion in recent quarters. Despite this, small gains in prices and rents are expected over the coming twelve months, although respondents have been scaling back their projections. Indicators continue to highlight deteriorating market conditions in, where both occupier and investment demand remain in decline. Subsequently, capital values and rents are projected to fall across the board during the year ahead, albeit expectations are not quite as negative as previously. The medium term outlook does, however, turn more upbeat as respondents are anticipating commercial property prices and rents to return to growth over the next three years. Feedback from is more troubling; 54% of respondents expressed the view that Rouble depreciation was a threat to business (31% stated it was too early to tell). Moreover, interest rates have been raised to 17%, the economy is now contracting, and the huge fall in oil prices is likely to further exacerbate the economic turmoil. Together, these impediments present a challenging set of circumstances for the commercial property sector, with little respite anticipated in the foreseeable future. To receive a free copy of this report on the day of release, globalproperty@rics.org
2 Occupier Sentiment Index and Investment Sentiment Index Investment Sentiment Index US UK 20 Czech Republic Italy Hong Kong Occupier Sentiment Index Twelve Month Rent and Capital Value Expectations (net balance %) 12 Month Capital Value Expectations UK US 40 Italy 20 Hong Kong Czech Republic Month Rent Expectations
3 Tenant Demand - change with preceding quarter (net balance %) US UK Czech Republic Hong Kong Italy
4 Investment Enquiries - change with the preceding quarter (net balance %) Czech Republic US UK Italy Hong Kong
5 Information RICS Global Commercial Property Monitor RICS Global Commercial Property Monitor is a quarterly guide to the trends in the commercial property investment and occupier markets. The Global Commercial Property Monitor is available from the RICS web site along with other surveys covering the housing market, residential lettings, commercial property, construction activity and the rural land market. For access to city level agents comments and contributor details please view the RICS economics website. Methodology Survey questionnaires were sent out on the 24th November with responses received until 18th December. Respondents were asked to compare conditions over the latest three months with the previous three months. A total of 1062 company responses were received, with 234 from the UK. Responses for were collated in conjunction with the Society of Chartered Surveyors. Responses have been amalgamated across the three real estate sub-sectors (offices, retail and industrial) at a country level, to form a net balance reading for the market as a whole. A positive net balance reading indicates an overall increase, a negative reading indicates an overall decline. RICS Occupier Sentiment Index (OSI) is constructed by taking an unweighted average of readings for three series relating to the occupier market measured on a net balance basis; occupier demand, the level of inducements and rent expectations. RICS Investment Sentiment Index (ISI) is constructed by taking an unweighted average of readings for three series relating to the investment market measured on a net balance basis; investment enquiries, capital value expectations and the supply of investment properties. Contact details This publication has been produced by RICS Economics. For all economic enquiries, including participation in the monitor, please contact: economics@rics.org About RICS RICS is a global professional body. We promote and enforce the highest professional qualification and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards bringing confidence to the markets we serve. The work of our professionals creates a safer world: we are proud of our profession s reputation and we guard it fiercely. Become a member of RICS If you would like to find out more about becoming a member of RICS, please visit Disclaimer This document is intended as a means for debate and discussion and should not be relied on as legal or professional advice. Whilst every reasonable effort has been made to ensure the accuracy of the contents, no warranty is made with regard to that content. Data, information or any other material may not be accurate and there may be other more recent material elsewhere. RICS will have no responsibility for any errors or omissions. RICS recommends you seek professional, legal or technical advice where necessary. RICS cannot accept any liability for any loss or damage suffered by any person as a result of the editorial content, or by any person acting or refraining to act as a result of the material included. RICS UK T +44(0) srubinsohn@rics.org RICS Asia T ricsasia@rics.org RICS Europe T+32(2) ricseurope@rics.org RICS Oceania T +61(2) info@rics.org.au RICS Americas T ricsamericas@rics.org RICS T ricsindia@rics.org RICS Middle East PO Box Dubai United Arab Emirates T: F: ricsuae@rics.org
RICS Global Commercial Property Monitor Q3 2014
Simon Rubinsohn Chief Economist srubinsohn@rics.org +44 (0)207334 3774 RICS ECONOMICS RICS Global Commercial Property Monitor Q3 2014 * RICS Occupier Sentiment Index (OSI) is constructed by taking an unweighted
More informationRICS Global Commercial Property Monitor Q2 2014
Simon Rubinsohn Chief Economist srubinsohn@rics.org +44 (0)207334 3774 RICS ECONOMICS RICS Global Commercial Property Monitor Q2 2014 * RICS Occupier Sentiment Index (OSI) is constructed by taking an unweighted
More informationInvestment builds across Europe while emerging markets remain downbeat
Economics Q4 2015: Global Commercial Property Monitor Investment builds across Europe while emerging markets remain downbeat Investor confidence rises across several European markets with and now frontrunners
More informationRICS Global Commercial Property Survey Q2 2013
Q2 2013 recovery story gathers pace as falters Further improvement in sentiment in both occupier and investment segments of real estate market The mood in the ian property market takes its lead from the
More informationThe World's Best-Selling Stock Market
Economics Q1 2015: Global Commercial Property Monitor Easier credit drives positive real estate sentiment Increasing number of respondents view real estate as expensive But easier credit still expected
More informationRICS Global Commercial Property Survey Q1 2012
Q1 2012 Easing in global strains visible in real estate sector Generally mixed results, but, and see sentiment pick up alongside brighter macro news flow Net balance, % 100 Rental expectations one quarter
More informationRESEARCH DUBAI REAL ESTATE INVESTMENT REPORT INVESTMENT SENTIMENT YIELD PERFORMANCE INTERNATIONAL TARGET MARKETS
RESEARCH DUBAI REAL ESTATE INVESTMENT REPORT 21 INVESTMENT SENTIMENT YIELD PERFORMANCE INTERNATIONAL TARGET MARKETS UAE ECONOMIC PERFORMANCE AND DUBAI REAL ESTATE INVESTMENT OVERVIEW Survey data pointed
More informationMarkit Global Business Outlook Survey
News Release EMBARGOED UNTIL: :1 (UK), 1 March 14 Markit Global Business Outlook Survey Developed world set to lead strengthening global upturn in 14 Global business optimism hits two-year high Improved
More informationMonetary policy assessment of 13 September 2007 SNB aiming to calm the money market
Communications P.O. Box, CH-8022 Zurich Telephone +41 44 631 31 11 Fax +41 44 631 39 10 Zurich, 13 September 2007 Monetary policy assessment of 13 September 2007 SNB aiming to calm the money market The
More informationTransform your world Executive Education: The International Certificate in Leadership for Property Development
Confidence through professional standards RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure.
More informationHow To Get Through The Month Of August
London Market Snapshot October 2015 10/15 Global Macro Overview Global equities experienced their sharpest falls since 2011, with most major markets moving into correction territory (a fall of more than
More informationPREMIUM TRAFFIC MONITOR APRIL 2014 KEY POINTS
PREMIUM TRAFFIC MONITOR APRIL 2014 KEY POINTS Growth in the number of passengers traveling in premium seats on international markets increased by a solid 3.8% in April compared to a year ago, which is
More informationMarkit Global Business Outlook Survey
News Release EMBARGOED UNTIL: 00:01 (UK), 14 July 2014 Markit Global Business Outlook Survey Worldwide business confidence wanes Global optimism slips from two-year high Waning confidence centred on eurozone
More informationCOMMERCIAL LEASE TRENDS FOR 2014
COMMERCIAL LEASE TRENDS FOR 2014 Notes from a Presentation given by N B Maunder Taylor BSc (Hons) MRICS, Partner of Maunder Taylor The following is a written copy of the presentation given by Nicholas
More informationJuly 2014. UK Commercial & Residential Property Markets Review: July 2014 1
July 2014 UK Commercial & Residential Property Markets Review: July 2014 1 UK Commercial & Residential Property Markets Review: July 2014 2 UK COMMERCIAL & RESIDENTIAL PROPERTY MARKETS REVIEW: JULY 2014
More informationDomain House Price Report June Quarter 2015
Domain House Price Report June Quarter 2015 Dr Andrew Wilson Senior Economist for the Domain Group Key findings Sydney market reports remarkable growth over June quarter to reach median house price of
More informationHouse price report. September quarter 2014. Dr Andrew Wilson Senior Economist for the Domain Group
September quarter 2014 Dr Andrew Wilson Senior Economist for the Domain Group Key findings Most capital city housing markets recorded falls in house prices over the September quarter September quarter
More informationManpower Employment Outlook Survey Norway
Manpower Employment Outlook Survey Norway Q2 2015 The Manpower Employment Outlook Survey for the second quarter 2015 was conducted by interviewing a representative sample of 751 employers in Norway. All
More informationThe President s Report to the Board of Directors
The President s Report to the Board of Directors May 5, 2015 CURRENT ECONOMIC DEVELOPMENTS - May 5, 2015 Data released since your last Directors' meeting show that economic growth continued to slow in
More informationStandard Chartered Hong Kong SME Leading Business Index
Standard Chartered Hong Kong SME Leading Business Index Quarter 2, 2015 About the index Sponsored by Standard Chartered Bank (Hong Kong) Limited, the Standard Chartered Hong Kong SME Leading Business Index
More informationBox 3.1: Business Costs of Singapore s Manufacturing and Services Sectors
Economic Survey of Singapore 213 Box 3.1: Business Costs of Singapore s Manufacturing and Services Sectors Business costs in the manufacturing and services sectors have increased after a period of decline
More informationHousing Market Report Q2 2014
SCSI Housing Market Survey Q2 20/08/2014 17:09 Page 1 2 Commentary We would like to welcome you to the first publication of the (SCSI). The SCSI represents the first publication in a quarterly series which
More informationManpower Employment Outlook Survey Singapore Q3 2014. A Manpower Research Report
Manpower Employment Outlook Survey Singapore Q3 14 A Manpower Research Report Contents Q3/14 Singapore Employment Outlook 2 Sector Comparisons Global Employment Outlook 6 International Comparisons - Asia
More informationRETAIL : OFFICE : INDUSTRIAL. UK Commercial Property Market Overview June 2009
RETAIL : OFFICE : INDUSTRIAL UK Commercial Property Market Overview June 2009 MARCH 2009 UK Commercial Property Market Overview June 2009 2 KEY HIGHLIGHTS Total returns fell by 7.1% over Q1 2009 according
More informationPurchasing Managers Index (PMI ) series are monthly economic surveys of carefully selected companies compiled by Markit.
PMI Purchasing Managers Index (PMI ) series are monthly economic surveys of carefully selected companies compiled by Markit. They provide an advance signal of what is really happening in the private sector
More informationPERSONAL RETIREMENT SAVINGS ACCOUNT INVESTMENT REPORT
PENSIONS INVESTMENTS LIFE INSURANCE PERSONAL RETIREMENT SAVINGS ACCOUNT INVESTMENT REPORT FOR PERSONAL RETIREMENT SAVINGS ACCOUNT () PRODUCTS WITH AN ANNUAL FUND MANAGEMENT CHARGE OF 1% - JULY 201 Thank
More informationCommercial Property Newsletter
Commercial Property Newsletter November 2010 Inside: Irish Commercial Property Commentary UK Commercial Property Commentary - Irish Life UK Property Fund Information European Commercial Property Commentary
More informationConsumer Credit Worldwide at year end 2012
Consumer Credit Worldwide at year end 2012 Introduction For the fifth consecutive year, Crédit Agricole Consumer Finance has published the Consumer Credit Overview, its yearly report on the international
More informationglobal ENTERPRISE SURVEY REPORT 2011 asia-pacific
global ENTERPRISE SURVEY REPORT 2011 asia-pacific A UNIQUE AnnuAL insight into the competitiveness of ASIA-PAcific businesses And developments in GLOBALisAtion business with confidence icaew.com/smeresearch
More informationAdjusting to a Changing Economic World. Good afternoon, ladies and gentlemen. It s a pleasure to be with you here in Montréal today.
Remarks by David Dodge Governor of the Bank of Canada to the Board of Trade of Metropolitan Montreal Montréal, Quebec 11 February 2004 Adjusting to a Changing Economic World Good afternoon, ladies and
More informationThe following text represents the notes on which Mr. Parry based his remarks. 1998: Issues in Monetary Policymaking
Phoenix Society of Financial Analysts and Arizona State University Business School ASU, Memorial Union - Ventana Room April 24, 1998, 12:30 PM Robert T. Parry, President, FRBSF The following text represents
More informationQ3 2015. Cairo Real Estate Market Overview
Cairo Real Estate Market Overview Cairo Market Summary All sectors of the Cairo real estate market exhibited positive performance and improved sentiment during, with the office market signaling the most
More informationManpower Employment Outlook Survey Ireland
Manpower Employment Outlook Survey Ireland Q1 215 Country Name Employment Outlook The Manpower Employment Outlook Survey for the first quarter 215 was conducted by interviewing a representative sample
More informationAgents summary of business conditions
Agents summary of business conditions Q Activity had generally grown solidly on a year earlier, with contacts attributing increased demand to rises in real incomes and credit availability. Growth among
More informationAUTUMN 2014. Property Investor Confidence Index Nordic Region
AUTUMN 2014 Property Investor Confidence Index Nordic Region Summary 2 DECEMBER 2014 CONTENTS Introduction 4 Demand for Space 5-7 Yield Outlook Financing Possibilities 10 Acquisition/Disposal Plans 11
More informationSchroder Property Multi-let industrial estates: more than just your average manufacturer
Schroder Property Multi-let industrial estates: more than just your average manufacturer July 201 For professional investors and advisers only Introduction Eleanor Jukes, Senior Property Research Analyst
More informationInsurance Market Outlook
Munich Re Economic Research May 2014 Premium growth is again slowly gathering momentum After a rather restrained 2013 (according to partly preliminary data), we expect growth in global primary insurance
More informationUK commercial property provides investors with strongest returns in 2014 Global Equity levels at record high
NOT FOR BROADCAST OR PUBLICATION BEFORE 00.01 HRS THURSDAY 27 th NOVEMBER 2014 Lloyds Bank Private Banking Assetwatch report tracks the value of nine asset groups. The asset classes are UK Shares, Global
More informationRecovery in UK property to gain momentum. Recovery in UK property market to gain momentum. Research & Strategy. June 2013. Economic growth recovering
Research & Strategy Recovery in UK property to gain momentum June 13 Recovery in UK property market to gain momentum This hasn t been a typical recession and it won t be a typical recovery. Nevertheless
More information2012 First Quarter Equity Market Review
Investment Insights 2012 First Quarter Equity Market Review By William Riegel, Head of Equity Investments After a volatile year in 2011, equity markets grew more confident in the first quarter of 2012.
More informationTHE ARLA REVIEW & INDEX
THE ARLA REVIEW & INDEX for Residential Investment FOURTH Quarter 2014 Fourth Quarter 2014 Compared with three months ago, the average weighted rental return for houses is up from 5.0% to 5.1%, its second
More informationDwelling prices, total. Apartment prices. House prices. Net wages
Macro Research Macro Research - The Estonian Economy 22 September, 215 The Estonian Economy Newsletter Risks at the housing market Growth of house prices one of the fastest in Europe House prices have
More informationAspen Group Records Strong 2008 Financial Result
Aspen Group Limited ABN 50 004 160 927 Aspen Property Trust ARSN 104 807 767 Level 8, Septimus Roe Square 256 Adelaide Terrace, Perth Western Australia, 6000 Telephone: 08 9220 8400 Facsimile: 08 9220
More informationDTZ Foresight UK Fair Value Q2 2011 Widening yield gap raises scores
DTZ Foresight UK Fair Value Q2 Widening yield gap raises scores 23 August Contents Overview 1 Fair Value Index 2 UK market classifications 4 UK versus global forecasts 5 Office market forecasts 6 Retail
More informationAs long as interest rate hikes remain gradual and the economic recovery continues apace, we expect the real estate market to remain wellsupported
September 1 Why rate hikes shouldn t yield trouble for UK real estate UK interest rates are expected to rise gradually over the next three years, in tandem with the economic recovery. Prime property shows
More informationMALAYSIA COMMERCIAL REAL ESTATE INVESTMENT SENTIMENT SURVEY 2016
MALAYSIA COMMERCIAL REAL ESTATE INVESTMENT SENTIMENT SURVEY 2016 Some Words for the Fire Monkey. 2015 has been a year of revelations! From generous contributions to the ringgit slide, cheap oil in barrels
More informationEconomic Conditions Snapshot, December 2013
McKinsey Global Survey results Economic Conditions Snapshot, December 03 Executives economic expectations have reached a high for the year, though they expect only mild improvements in 04 and anticipate
More informationThe National Business Survey National Report November 2009 Results
The National Business Survey National Report November 2009 Results 1 Executive Summary (1) 2 NBS results from November 2009 demonstrate the continued challenging conditions faced by businesses in England
More informationSpotlight Key Themes for UK Real Estate in 2015
Savills World Research Commercial, Residential & Rural Spotlight Key Themes for UK Real Estate in 2015 savills.co.uk/research Spotlight Key Themes for UK Real Estate 2015 THE UK REAL ESTATE MARKET IN 2015
More informationSpain s Real Estate and Construction Markets. Think Tank of Deutsche Bank Group
Spain s Real Estate and Construction Markets Think Tank of Deutsche Bank Group 1 2 3 4 Overall Macroeconomic Environment Real Estate Markets Construction Activity Concluding Remarks 1 Overall Macroeconomic
More information2011 Small Business Resilient - TD Economics
OBSERVATION TD Economics Small Business Resilient Even in Turbulent Waters Highlights Small business is an important part of the Canadian economy. Despite economic turbulence, the small business sector
More informationIndustry sentiment. Financial Services Survey. www.pwc.co.uk/financialservicessurvey
www.pwc.co.uk/financialservicessurvey CBI/PwC quarterly survey measuring trends and providing insight from the industry Industry sentiment Financial Services Survey Issue number 87 June 2011 The 87th CBI/PwC
More informationAgents summary of business conditions
Agents summary of business conditions February Consumer demand had continued to grow at a moderate pace. Housing market activity had remained subdued relative to levels in H. Investment intentions for
More informationEuropean office rental struggle amidst subdued demand
The Jones Lang LaSalle Office Property Clock - Q2 2012 European office rental struggle amidst subdued demand The European rental index records a second successive modest fall (-0.2%) The European vacancy
More informationCurrent Issues Note 27 Central London office market through the recession By Yeukai Muchenje and Nick Ennis
Current Issues Note 27 By Yeukai Muchenje and Nick Ennis copyright Greater London Authority November 2010 Published by Greater London Authority City Hall The Queen s Walk London SE1 2AA www.london.gov.uk
More informationEurozone. EY Eurozone Forecast September 2013
Eurozone EY Eurozone Forecast September 213 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook for Finland
More informationEXPERIAN FOOTFALL: FASHION CONVERSION BENCHMARKING REPORT: 2014
EXPERIAN FOOTFALL: FASHION CONVERSION BENCHMARKING REPORT: 2014 An overall look into fashion conversion performance across different countries, sectors and categories. OVERVIEW The fashion conversion benchmark
More informationOutlook for European Real Estate in 2013. Mark Charlton, Head of Research & Forecasting
Outlook for European Real Estate in 2013 Mark Charlton, Head of Research & Forecasting Tuesday 20 th November 2012 Europe - uncertainty continues to buffet sentiment Oct 06 Oct 07 Oct 08 Oct 09 Oct 10
More informationHow To Understand The Turkish Economy
BRSA Bank Only Macro Outlook Q1 GDP growth at 3.2%, mostly backed by net exports. Budget deficit was TRY 6.7 billion in H1 12, one third of Latest GDP figure is supportive of the soft landing the government
More informationRenminbi Depreciation and the Hong Kong Economy
Thomas Shik Acting Chief Economist thomasshik@hangseng.com Renminbi Depreciation and the Hong Kong Economy If the recent weakness of the renminbi persists, it is likely to have a positive direct impact
More informationQ3 2014. Cairo Real Estate Market Overview
Cairo Real Estate Market Overview Cairo Market Summary The third quarter of 2014 saw further political stability as the regime proceeded with implementing its roadmap. Following the reduction of energy
More informationOutlook for Australian Property Markets 2010-2012. Perth
Outlook for Australian Property Markets 2010-2012 Perth Outlook for Australian Property Markets 2010-2012 Perth residential Population growth expected to remain at above average levels through to 2012
More informationCommBank Accounting Market Pulse. Conducted by Beaton Research + Consulting November 2014
CommBank Accounting Market Pulse. Conducted by Beaton Research + Consulting November 2014 Contents Increasing confidence underpinned by strong economic outlook 2 Australian economic outlook 3 November
More informationUnless otherwise stated, references to 2007 are made in relation to the first half of the year.
Standard Chartered PLC Pre-close Trading Update 26 June 2008 Standard Chartered PLC will be holding discussions with analysts and investors ahead of its close period for the half year ending 30 June 2008.
More informationIs US consumer spending finally about to wilt?
January 8 Is US consumer spending finally about to wilt? Key trends Moderate growth in consumer spending has continued to cushion the US economy against an otherwise deeper slowdown, underpinned in turn
More informationQ2 2015. Dubai Real Estate Market Overview
Q2 2015 Dubai Real Estate Market Overview Dubai Market Summary Dubai s real estate market saw little change in the second quarter, with the slowdown in performance across all asset classes continuing,
More informationThe RICS and Macdonald & Company UK Rewards & Attitudes Survey 2015. Executive Summary and Key Findings
The RICS and Macdonald & Company UK Rewards & Attitudes Survey 2015 Executive Summary and Key Findings 2015 EXECUTIVE SUMMARY 2 www.macdonaldandcompany.com/salary-survey Foreword 2015 has been a strong
More informationSUPPLY, DEMAND, ENERGY AND LOCATION: THE FOUR PILLARS TO SUCCESS
SUPPLY, DEMAND, ENERGY AND LOCATION: THE FOUR PILLARS TO SUCCESS DC RADAR The second edition of the Arcadis European Data Centre Radar, produced in conjunction with ixconsulting, is based upon extensive
More informationAgents summary of business conditions
Agents summary of business conditions April Consumer demand had continued to grow moderately. Housing market transactions had picked up modestly since the start of the year, but were lower than a year
More informationX. INTERNATIONAL ECONOMIC DEVELOPMENT 1/
1/ X. INTERNATIONAL ECONOMIC DEVELOPMENT 1/ 10.1 Overview of World Economy Latest indicators are increasingly suggesting that the significant contraction in economic activity has come to an end, notably
More informationWORLDWIDE RETAIL ECOMMERCE SALES: EMARKETER S UPDATED ESTIMATES AND FORECAST THROUGH 2019
WORLDWIDE RETAIL ECOMMERCE SALES: EMARKETER S UPDATED ESTIMATES AND FORECAST THROUGH 2019 Worldwide retail sales including in-store and internet purchases will surpass $22 trillion in 2015, up 5.6% from
More informationCommercial Property Market - 2011
Occupier Survey 2011 Unrivalled views on commercial property This is the tenth Strutt & Parker Occupier Survey which tracks the views of Occupiers of commercial property and related topical issues. Our
More informationSUPPLY, DEMAND, ENERGY AND LOCATION: THE FOUR PILLARS TO SUCCESS
SUPPLY, DEMAND, ENERGY AND LOCATION: THE FOUR PILLARS TO SUCCESS DC RADAR The second edition of the Arcadis European Data Centre Radar, produced in conjunction with ixconsulting, is based upon extensive
More informationEuropean debt crisis hits UK international trade
JUNE 0 European debt crisis hits UK international trade Inflation threat and weak pound concern UK businesses trading internationally Seven in 0 exporters are concerned that inflation will affect their
More informationAgents summary of business conditions
Agents summary of business conditions 6 Q The annual rate of activity growth had remained moderate. Turnover growth had eased further in the business services sector, partly reflecting some delays in clients
More informationGauging Current Conditions: The Economic Outlook and Its Impact on Workers Compensation
August 2014 Gauging Current Conditions: The Economic Outlook and Its Impact on Workers Compensation The exhibits below are updated to reflect the current economic outlook for factors that typically impact
More informationUnderstanding Fixed Income
Understanding Fixed Income 2014 AMP Capital Investors Limited ABN 59 001 777 591 AFSL 232497 Understanding Fixed Income About fixed income at AMP Capital Our global presence helps us deliver outstanding
More informationSERVCORP LIMITED ABN 97 089 222 506 APPENDIX 4E. Preliminary Final Report for the financial year ended 30 June 2009
SERVCORP LIMITED APPENDIX 4E Preliminary Final Report for the financial year ended The information in this document should be read in conjunction with the 2009 and any public announcements made during
More informationKingfisher plc, Europe and Asia s leading home improvement retail group, today announces its Q3 trading update for the 13 weeks ended 1 November 2008
Thursday 27 November 2008 Kingfisher plc, Europe and Asia s leading home improvement retail group, today announces its Q3 trading update for the 13 weeks ended 1 November 2008 Group Financial Summary (Continuing
More informationWIN/Gallup International s annual global End of Year survey shows that happiness is on the rise
Embargoed until 00:01 Greenwich Mean Time on Tuesday 30 th December 2014 WIN/Gallup International s annual global End of Year survey shows that happiness is on the rise WIN/Gallup International, the world
More informationThe Bibby Barometer of Small business PAGE 1. Stress levels rise, but Australia s small business owners remain optimistic
The Bibby Barometer of Small Business Insight into the biggest concerns of small business owners SEPTEMBER 2011 highlights Business stress More than half of small business proprietors are more stressed
More informationDTZ Foresight Europe Fair Value Q1 2012 Germany and UK holding firm
Germany and UK holding firm 29 May 2012 Contents Fair value highlights 2 Economic context 3 Market classifications 4 Office market forecasts 5 Retail market forecasts 6 Industrial market forecasts 7 Authors
More informationJoint Economic Forecast Spring 2013. German Economy Recovering Long-Term Approach Needed to Economic Policy
Joint Economic Forecast Spring 2013 German Economy Recovering Long-Term Approach Needed to Economic Policy Press version Embargo until: Thursday, 18 April 2013, 11.00 a.m. CEST Joint Economic Forecast
More informationPREMIUM TRAFFIC MONITOR MAY 2015 KEY POINTS
PREMIUM TRAFFIC MONITOR MAY 2015 KEY POINTS Passenger travel on international markets rose 6.2% in May compared to a year ago, accelerating on the 3.8% increase in April. Economy class travel grew at a
More informationSino Belgian Business Survey 2014. Results. Comparing Apples to Apples
Sino Belgian Business Survey 2014 Results Comparing Apples to Apples www.moorestephens.be PRECISE. PROVEN. PERFORMANCE. Contents Page 1. Executive Summary 2 2. Survey Demographics 3 3. Growth and Margins
More informationCarat forecasts growth of 5.0% for 2012 and 5.3% in 2013 with digital advertising overtaking newspapers sooner than expected
23 August 2012 Carat forecasts growth of 5.0% for 2012 and 5.3% in 2013 with digital advertising overtaking newspapers sooner than expected Carat, the world s leading independent media communications agency,
More informationServcorp Limited Analyst Presentation
Servcorp Limited Analyst Presentation Alf Moufarrige, CEO Thomas Wallace, CFO Thursday 25 February, 2010 Six Months ended 31 December 2009 1 Operational Highlights H1 2010 Mature floor NPBT of $12.05 million
More informationFastest rent rises on record
STRICTLY UNDER EMBARGO UNTIL 00:01 FRIDAY 17 th JULY 2015 June 2015 Fastest rent rises on record Annual rent rises hit 5.6% across England and Wales the fastest increase since records began in 2009 Rents
More information2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013
2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013 U.S. stock market performance in 2012 * +12.59% total return +6.35%
More informationWeiqiao Textile Announces its 2015 Interim Results
Weiqiao Textile Announces its 2015 Interim Results Seize new opportunities in new normal development phase Continued leadership against the backdrop of industry changes Financial Summary Revenue was approximately
More informationTrade Confidence Survey Australia:1H 2015
Trade Confidence Survey Australia:1H 2015 About the Survey The HSBC Trade Confidence Survey gauges business sentiment and expectations on trade activity and business growth over a six month time horizon.
More informationGlobal Real Estate Outlook
Global Real Estate Outlook August 2014 The Hierarchy of Economic Performance, 2014-2015 China Indonesia India Poland South Korea Turkey Australia Mexico United Kingdom Sweden United States Canada South
More informationPerspective. Economic and Market. Does a 2% 10-year U.S. Bond Yield Make Sense When...
James W. Paulsen, Ph.D. Perspective Bringing you national and global economic trends for more than 30 years Economic and Market January 27, 2015 Does a 2% 10-year U.S. Bond Yield Make Sense When... For
More informationwww.coastalsecuri es.com 1 800 489 3232
WEEKLY ECONOMIC COMMENTARY WEEK OF OCTOBER 30, 2015 The Federal Reserve s policy meeting caused a bit of a stir in the financial markets this week. To be sure, no one expected the Fed to take any overt
More informationPeter Elston: Investment Letter
Issue 3: July 2015 Peter Elston: Investment Letter For the love of charts... This document is intended for professional investors only I like charts. This month I take a look at MSCI s major global sectors
More informationUS HOUSING MARKET MONTHLY
US HOUSING MARKET MONTHLY th Oct. Editor: Ed Stansfield New build sales finally making some headway Overview: The drop in mortgage rates towards the end of September has given mortgage applications a boost,
More informationStandard Chartered today releases its Interim Management Statement for the third quarter of 2015.
Standard Chartered PLC Interim Management Statement 3 November 2015 Standard Chartered today releases its Interim Management Statement for the third quarter of 2015. Bill Winters, Group Chief Executive,
More informationMain Economic & Financial Indicators Russian Federation
Main Economic & Financial Indicators Russian Federation 02 NOVEMBER 201 NAOKO ISHIHARA ECONOMIST ECONOMIC RESEARCH OFFICE (LONDON) T +44-(0)20-777-2179 E naoko.ishihara@uk.mufg.jp Overview The Bank of
More informationINFLATION REPORT PRESS CONFERENCE. Thursday 4 th February 2016. Opening remarks by the Governor
INFLATION REPORT PRESS CONFERENCE Thursday 4 th February 2016 Opening remarks by the Governor Good afternoon. At its meeting yesterday, the Monetary Policy Committee (MPC) voted 9-0 to maintain Bank Rate
More information