Slowing demand from Germany’s trading partners in the euro zone continues to be the main drag on industrial output - reflected in the mixed performance of the export accounts. January posted growth both m/m and y/y but the corresponding February indicators fell back into the negative territory. Nevertheless, with the outlook brighter for H2 2013 and while there is additional relief stemming from domestic consumption this should help to stabilise industrial production growth for the year. The occupational and investment markets were robust during Q1, with pockets of selective rental growth and stable yields.
Source : Cushman & Wakefield