Market Information Friday 5 March 2021

Employment rates in the EU have declined due to the coronacrisis. According to the European Commission, an average of 72.2 percent of the workforce had a job in the third quarter of last year, compared to an average of 73.1 percent in 2019. The European Commission proposes in a Social Action Plan that by 2030, at least 78 percent of EU citizens between the ages of 20 and 64 must be employed. At least 60 percent of the adult population will have to attend a course or training every year by then. And in ten years’ time, the number of people living in poverty or socially excluded in the EU must be reduced by 15 million.

Transport and logistics can count on growth of 2.5 percent this year, marking the end of the crisis for the sector. The recovery follows a contraction in the transport sector of 4 percent last year. The improvement will start as of summer 2021, ABN AMRO economists predict in a new forecast.

Retail sales in the eurozone declined sharply in January due to the strict lockdown measures in many European countries. According to the European statistics agency Eurostat, retail sales in the euro area declined by 5.9 percent compared to December. Retailers in the non-food sector struggled, with sales declining by 12 percent.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap is unchanged at 0.02% 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.