
European Leading Indicators | ECB continues to cut interest rates
18 September 2024
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Here we look at the European leading indicators in the world of economics.
for in-depth analysis into commodities, trade, equities and more with a focus on Europe.
Key insights:
The ECB continues its easing cycle
The ECB lowered the deposit facility rate by 25bps at its September meeting to 3.5% in response to Eurozone inflation easing to 2.2% in August from 2.6% in July. This follows a similar rate cut by Sweden鈥檚 Riksbank last month and may help unlock investment activity. Forecasters expect one additional ECB rate cut this year.
The Inrev Consensus Indicator continues to rise in September
The Inrev Consensus Indicator for September rose to 55.8, up from 53.6 in June, marking the third consecutive quarter of improvement. This steady rise points to an ongoing recovery in the non-listed European real estate markets.
Q3 could see a further quarterly improvement in investment activity
Q3 2024 Eurozone investment could surpass the Q2 level, with volumes to date, including under contract and pending deals, reaching 鈧�24.2 billion, up from 鈧�22.4 billion in Q2. Although overall volumes remain relatively modest, this could signal the start of a turning point.
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