Eurostat reported that the industrial production in the Eurozone decreased by 0.4% in July compared to the previous month, while economists expected, on average, a decrease of 0.1%. In June the industrial production fell by a revised 1.4%. Earlier, Eurostat reported a decrease in production of 1.6% for this month. The Industrial production for the European Union decreased by 0.1% in July, after an increase of 1.4% in June.
The Organisation for Economic Co-operation and Development (OECD) reports that the economic growth of OECD countries decreased slightly in the second quarter of 2019. According to preliminary estimations, the growth decreased from 0.6 % in the first quarter to 0.4% in the second quarter. The economic growth of the G20 also decreased. This growth was 0.8% in the first quarter of 2019 and 0.7% in the second quarter.
Statistics Netherlands reports that retail sales in the Netherlands in July have increased compared to the same month one year earlier. Turnover for the Dutch retailers, corrected for the amount of shopping days in July, increased by 3.4%. The increase was seen in most branches. Only drug stores, clothing stores, domestic technology and consumer electronics saw a decrease in their revenue.
The 6M Euribor is unchanged at -0.41% compared to previous business day. The 10Y Swap is unchanged at -0.13% 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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