Statistics Netherlands (CBS) has reported in a second estimate that the Dutch economy grew by 0.4% in the second quarter of 2019 compared to the previous quarter. In the first estimate, the growth was 0.5%. The most notable change compared to the first estimate is that the trade balance has been adjusted downwards. The growth was largely caused by domestic consumption and investments in fixed assets. On an annual basis, growth was 1.8% in the second estimate, compared to 2.0% in the first estimate.
Preliminary figures from the European Commission show that consumer confidence in the eurozone became less negative in September 2019. The index that measures confidence rose from -7.1 in August 2019 to -6.5 in September. Economists had expected an average of -7.0.
This week new trade talks between the US and China are planned. Last Friday, a Chinese trade delegation left Washington earlier than expected. The Chinese Minister of Commerce issued a statement that last week constructive talks had taken place. Donald Trump said, however, that he will only settle for a full trade deal with China, and that China will have to do more than buy more US agricultural products.
The 6M Euribor is unchanged at -0.37% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.12% 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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