In the fourth quarter of 2020, the Dutch economy contracted by 0.1 percent on a quarterly basis. This follows from a second estimate by Statistics Netherlands on Friday. The reported contraction is in line with the first estimate. According to Statistics Netherlands, the contraction is mainly caused by a decline in household consumption, while increased investments have dampened the contraction.
Final figures from the US Department of Commerce show that the American economy grew by 4.3 percent in the fourth quarter of 2020 compared to the third quarter of 2020. In an earlier estimate the reported growth was 4.1 percent, which was in line with economists’ expectations. In the third quarter of 2020, the American economy grew by 33.4 percent on a quarterly basis.
Figures from the US Department of Labor show that 684,000 Americans filed for an initial jobless claim in the week ending March 20, 2021. This is a decrease compared to the week before, when 781,000 applications were submitted. Economists had expected 735,000 new initial jobless claims in advance.
The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.01% 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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