European Leading Indicators | Growth forecasts, total returns & real estate sentiment

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:

• Oxford Economics forecasts Eurozone real GDP growth at 0.9% in 2026, with Spain likely to remain the strongest performer among the major Eurozone economies. From 2027, Germany is projected to outpace its peers as fiscal stimulus is expected to take effect.
  
  
• European commercial real estate returns have stabilised, marking a shift from the volatility seen since mid-2023. The latest MSCI Europe Quarterly All Property annualised total return stood at +6.35% at the end of Q3, led by Retail (+8.0%) and Industrial (+7.66%), followed by Residential (+6.28%), Hotels (+5.24%) and Offices (+3.55%).
  
  
• INREV’s Consensus Indicator for European non-listed real estate rose to 59.4 in December, its highest level since tracking began in 2023. Readings above 50 signal growth, with the financing and investment liquidity sub-indicators strongest at 70.1 and 61.4, pointing to increasingly positive sentiment.