The purchasing managers index that measures activity in Europe’s services sector decreased to 50.5 in August 2020, from 54.7 in July 2020. Economists had expected an index of 50.1. An index greater than 50 indicates growth, while less than 50 indicates contraction.
Figures reported by Eurostat showed on Thursday that retail sales in the eurozone decreased by 1.3 percent in July 2020 compared to June 2020. Economists had expected an increase of 1.2 percent. In May 2020 and June 2020, retail sales increased by 20.6 percent and 5.3 percent respectively on a monthly basis. On an annual basis, retail sales were up 0.4 percent in July 2020 from July 2019.
German factory orders increased by 2.8 percent in July 2020 compared to June 2020. This follows from figures published by statistics agency Destatis on Friday. Economists had expected an increase of 5.0 percent. On an annual basis, factory orders decreased 7.3 percent in July 2020 compared to July 2019.
The 6M Euribor decreased with 1 basis point to -0.45% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.22% 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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