Links

Each row is a KPI and each column an economic indicator. A box shows how closely their changes moved together, with the number of pairs (n) it is based on. Where a Link cannot be shown, the box says “Not shown”. Each KPI appears in its main view; click a box to open the full Link on the KPI page.

-1: opposite ways0: no pattern+1: same way

Colour: ochre means the two tended to rise and fall together; blue means one tended to rise when the other fell. The deeper the colour, the closer the match. This shows that they move together, not that one causes the other or predicts it.

KPI	10-year Bund yield	Euribor 3 months	Loan rate, non-financial corporations	Consumer price index	Real GDP	Unemployment rate	Construction price index	OECD business confidence
Commercial property price index Commercial property price index, commercial overall, Germany (annual)	-0.52n = 12	-0.44n = 12	-0.36n = 12	-0.69n = 12	0.25n = 12	-0.32n = 12	-0.29n = 12	0.5n = 12
Rent index (new lettings) Rent index (new lettings), office, Germany (annual)	0.21n = 21	0.14n = 21	0.23n = 14	0.18n = 21	-0.09n = 21	-0.05n = 21	0.54n = 21	-0.16n = 21
Initial yield Initial yield, office and retail combined, 7 major cities	0.11n = 30	-0.13n = 30	0.5n = 14	0.45n = 30	-0.56n = 30	0.35n = 30	0.01n = 30	-0.46n = 30
Office vacancy rate Office vacancy rate, 7 major cities	0.02n = 30	-0.31n = 30	0.42n = 14		-0.55n = 30	0.65n = 30	-0.07n = 30	-0.32n = 30
Transaction volume index Transaction volume index, commercial overall, Germany	-0.26n = 17	-0.19n = 17	-0.38n = 13	-0.22n = 17	0.64n = 17	-0.28n = 17	-0.25n = 17	0.51n = 17
Construction (permits, completions) Building permits: office and administrative buildings, Germany	-0.18n = 17	0.01n = 17	-0.37n = 14	-0.16n = 17	0.29n = 17	-0.39n = 17	0.1n = 17	0.55n = 17