Market Information Friday 30 July 2021

The growth of the US economy in the second quarter fell short of forecasts. The gross domestic product (GDP) increased by 6.5% year-on-year in the past quarter, according to preliminary figures from the U.S. Department of Commerce. Economists, in a survey by Bloomberg, had expected an economic growth in the second quarter of 8.4% on an annual basis. The lower growth may be explained by problems in the supply chain of companies. For example, the industry worldwide is still struggling with a shortage of computer chips.

Output prices of the Dutch manufacturing industry were on average 12.6% higher in June 2021, compared to June 2020, as reported by Statistics Netherlands on Friday. In May 2021, the year-on-year price increase was 13.2%.

In the past quarter rental prices have increased in the Netherlands, according to figures from broker association NVM and Vastgoedmanagement Nederland. The average price per square meter of base rent increased in the second quarter on an annual basis by 5.2% for residential properties and 6.3% for flats. In a number of municipalities rental prices actually stabilized. Particularly in the Amsterdam region (-4.3%), which also includes Amstelveen and Almere (both -6.9%). Also in Arnhem (-2.9%) prices declined. Rents of existing buildings increased less rapidly than those of new buildings.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap is unchanged at -0.06% 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.