2022-09-07-莱坊-European_Logistics_Dashboard_Q2_2022_5页_893kb

European Logistics Capital Markets Dashboard Q2 2022 Summary

Eurozone GDP expanded by 0.7% q/q in 2022 Q2, exceeding expectations despite country-specific variations. Spain, Italy, and France saw higher growth due to tourism, while Germany stagnated from weaker industrial activity.

European industrial investment totaled €11.6 billion in Q2 2022, 18% above the 5-year average, with UK, Germany, and Sweden as top destinations. Cross-border investment accounted for €6.4 billion, 25% above the prior average.

Prime industrial yields remained moderate, easing marginally despite new debt pressures. Online retail increased market share, driven by pandemic habits, but logistics demand slowed amid inflation and other factors.

Euro area inflation reached 8.9% in July, fueled by global cost-push pressures. The ECB raised rates by 50bps, with expectations for further increases through 2022.

Labour markets showed tightness, with unemployment at record lows, but hiring intentions softened. Forecasted wage growth is moderate, while real wages are tempered by high inflation.

Air freight volumes decreased significantly, and manufacturing PMI dropped below 50, indicating slowing industrial activity. Global economic forecasts also moderated for the US, projected at 2.3% growth for 2022.