According to the European Statistical Office Eurostat, unemployment in the EU remained stable at 7.5% in November 2019 compared to the previous month. This is the lowest level since July 2008. The lowest unemployment rate in the EU was measured in the Czech Republic, followed by Germany and Poland. Of all EU Member States, Greece still had the highest unemployment rate.
Yesterday, the British House of Commons approved the legislation necessary for the United Kingdom to leave the European Union. 330 parliamentarians voted for the brexit law and 231 voted against. The law still has to be approved by the House of Lords and also the European Parliament has to give its consent.
The German Federal Statistical Office reported that the production of the German industry increased by 1.1% in November compared to October 2019. Economists expected an increase of 0.8%. In October, industrial production still decreased by 1%. Germany’s industrial production decreased by 2.6%, compared to November 2018.
The 6M Euribor decreased with 1 basis point to -0.33% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.16% 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.
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