As it has in each of the past two years, the U.S. economy has started off strongly in 2013. Real GDP grew at a 2.5% annual rate in the first quarter. Payroll employment increased by an average of 221,000 jobs per month from November 2012 to February 2013. However, signs of a slowdown began to emerge in March. Job growth slowed to 88,000 jobs, manufacturing production fell, and retail sales declined by 0.4%
The pace of job growth in the U.S. has begun to ramp up. In February 2013, employers added 236,000 jobs to their payrolls, the third time in the last four months that employment growth has exceeded 200,000.
A C&W Corporate Finance report analysing how lending ambitions have changed since Q1 2012 and reviewing the key trends which are shaping the European commercial real estate lending market this year.