Market Information Friday 8 September 2023

Labor costs in the United States increased more than expected in the second quarter of this year. This was revealed on Thursday by the US Bureau of Labor Statistics. Labor costs in the US increased by 2.2% on a quarterly basis in the second quarter. Earlier readings showed a 1.6% quarterly increase. Hourly wages increase by 5.7% quarter-on-quarter and labor productivity increase by 3.5% quarter-on-quarter in the second quarter.

The Eurozone economy grew less than expected in the second quarter. This was revealed on Thursday by final figures from Eurostat. In the second quarter, the gross domestic product of the European economy increased by 0.1% versus the first quarter. Previously growth figures of 0.3% were reported for the second quarter. On an annual basis, the Eurozone economy grew by 0.5%.

The Dutch industry produced less in July than in the previous month. This was revealed on Friday by Statistics Netherlands. The average daily output of the Dutch industry in July was 8.3% lower than in July 2022. Production of the Dutch industry has been falling for seven months in a row. On a monthly basis, production decreasing by 0.6% in July.

The 6M Euribor decreased with 1 basis point to 3.93% compared to previous business day. The 10Y Swap decreased with 4 basis points to 3.16% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.