European Leading Indicators | A number of central banks in Europe make cuts ahead of the Fed
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Here we look at the European leading indicators in the world of economics.
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Key insights:
Faster rate cuts are predicted in Europe
Last week, Sweden’s Riksbank joined its European counterparts including the Swiss, Czech and Hungarian central banks and cut its interest rate by 25bps. The ECB is expected to follow suit in June ahead of the Fed. The prospect of faster rate cuts could position Europe as an increasingly attractive destination for global investors.
Tourism and hospitality-related sectors saw a recovery from the 2020 trough
The tourism and hospitality sectors in the Eurozone experienced a robust resurgence in 2023, with accommodation and food services bouncing back by 84% from a trough in 2020, nearly reaching pre-pandemic levels. The recovery has fuelled increased investor interest in the hotel sector.
Cross-border capital targets logistics and hotels in Q1 2024
In Q1 2024, cross-border investment into European CRE nearly reached €12bn, with logistics and hotels emerging as the top sectors. On the back of improving growth in the hospitality industry, the European hotel sector could have the best year for cross-border capital since 2018, according to our Active Capital research.
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