Market Information Tuesday 1 August 2023

According to preliminary figures from Eurostat on Monday, it appears that inflation in the eurozone further decreased in July. Prices increased by 5.3% on an annual basis last month. In June, this figure was 5.5%, and in May, the increase was 6.1%. The core inflation in July stood at 5.5% on an annual basis, the same as the previous month.

The Dutch industry remained under pressure in July, despite an increase in the purchasing managers’ index. This was revealed by Nevi’s figures on Tuesday. The index increased from 43.8 in June to 45.3 in July, which according to Nevi still indicates a significant deterioration of business conditions in the Dutch industry.

On Monday, preliminary figures from Eurostat revealed that the economy in the eurozone grew slightly faster than expected in the second quarter. The gross domestic product (GDP) of the European economy increased by 0.3% compared to the previous quarter. Economists had anticipated a growth of 0.2% before the data was released.

The 6M Euribor decreased with 1 basis point to 3.96% compared to previous business day. The 10Y Swap decreased with 1 basis point to 3.07% 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.