The federal statistical office of Germany, Destatis, announced that the German industrial production decreased by 0.6% in July with respect to one month earlier, after a decrease of 1.5% in June. This differs from the average expectation of economists, as an increase of 0.4% was expected. On annual basis, the industrial production decreased by 4.2% in July.
The American payslip processor ADP has announced that employment in the private sector in the United States has grown above expectation in August. According to ADP, 195,000 jobs were created while economists expected an increase of 148,000 jobs. In July, an additional 142,000 jobs were created.
The US Department of Labor announced that labor productivity in the United States, excluding the agricultural sector, increased by 2.3% in the second quarter of 2019. Economists expected an increase of 2.2%. The unit labor cost rose by 2.6% last quarter.
The 6M Euribor increased with 1 basis point to -0.44% compared to previous business day. The 10Y Swap increased with 9 basis points to -0.16% 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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