Japan’s annualized inflation rate came in at 2.5% in May. This was revealed by figures published this morning. Inflation in April was also 2.5%. Core inflation, excluding food prices and volatile energy prices, in May was 0.8%. On a monthly basis, consumer prices in Japan rose 0.2% in May.
The Dutch economy still showed growth in the first quarter of 2022. This was revealed this morning by figures from a second estimate by Statistics Netherlands. In the earlier publication of the figures, growth was estimated at 0.0%. In the current second estimate the growth rate is 0.4% on a quarterly basis. The adjustment is due to new, more comprehensive data for the first quarter of 2022 and the availability of new annual figures for 2020 and 2021.
The Eurozone economy grew at a slower pace in June than in May. The index for the service sector came to 52.8 in June compared to 56.1 in May. The index for manufacturing fell to 52.0 in June from 54.6 in May. The composite index fell from 54.8 to 51.9, its lowest reading in 16 months. Analysts point to high inflation and low consumer and producer confidence as reasons for the reduced growth.
The 6M Euribor is unchanged at 0.29% compared to previous business day. The 10Y Swap decreased with 21 basis points to 2.21% 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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