Retail sales in the eurozone decreased by 2.0 percent in September 2020 compared to August 2020, according to figures published by the European statistics agency Eurostat on Thursday. Economists had anticipated a decrease of 1.5 percent. On an annual basis, September 2020 saw an increase in retail sales of 2.2 percent compared to September 2019.
According to a new estimate by the European Commission, the economy in the eurozone will contract by 7.8 percent in 2020. For 2021 and 2022, the European Commission expects a growth of 4.2 and 3.0 percent respectively. In the previous forecast in July 2020, the European Commission assumed a contraction of 8.7 percent of the economy in 2020.
Industrial production in Germany increased by 1.6 percent in September 2020 compared to August 2020, according to figures published by Destatis, the German statistical office, on Friday. Economists had anticipated an increase of 2.5 percent. Compared to September 2019, production decreased by 7.3 percent in September 2020.
The 6M Euribor decreased with 1 basis point to -0.52% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.28% 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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