Market Information Thursday 13 August 2020

Eurozone manufacturing production continued to increase in June 2020, after the first increase in May. The increase is mainly caused by the further relaxation of the lockdown measures. Based on figures from the European statistics agency Eurostat, production increased by 9.1% in June, compared to May. Production was still significantly lower compared to June 2019, a year-on-year decrease of 12.0%.

Statistics Netherlands (CBS) reports that 204 companies, excluding one-man companies, went bankrupt in July, slightly lower (27) than in June 2020. Of all industries, the trade sector encountered the largest number of bankruptcies. CBS states that the corona crisis has not yet resulted in a bankruptcy peak, which is partly due to the fact that many companies operate during the crisis period with financial support of the Dutch government.

Tomorrow, Statistics Netherlands will also publish the first growth figures of the Dutch economy in the second quarter. Rabobank analysts expect a contraction of about 9.0%, ING Bank estimates a contraction of 10.0% to 11.0%.

The 6M Euribor decreased with 1 basis point to -0.43% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.19% 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.