This week inflation figures will be published. This afternoon the (provisional) inflation rate of the Netherlands will be published and on Tuesday the inflation figures of France and the Eurozone will be announced. Furthermore, on Wednesday the unemployment figures of the Eurozone will be published. A day later OPEC will meet and figures will be published on oil stocks in the United States (US). Finally, on Friday, the trade deficit of Germany and the job growth and unemployment rate in the U.S. will be reported.
Output prices of the Dutch manufacturing industry rose sharply in April this year. This was reported by Statistics Netherlands (CBS) this morning. On an annual basis, prices have increased by an average of 29%. This is the largest increase since the beginning of this measurement in 1981. The unprecedented increase is mainly due to increased costs for energy and transportation. In March, the year-on-year increase was already 26%. On a monthly basis, prices rose 4.1% in April 2022.
The confidence of Dutch manufacturers in the industrial sector fell slightly in May 2022. The confidence index went from 10.8 in April to 9.9 in May. This is evident from figures released by CBS this morning. The average score over the past 20 years is 1.0. In April 2020, manufacturer confidence reached a low point with a score of -28.7. After that, confidence steadily climbed again and has remained relatively stable around 11.0 since June 2021.
The 6M Euribor is unchanged at -0.06% compared to previous business day. The 10Y Swap decreased with 3 basis points to 1.73% 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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