Based on provisional figures from Statistics Netherlands, the Dutch economy grew by 0.4% in the fourth quarter of 2019 compared to a quarter earlier and in line with the previous three quarters. Growth in the fourth quarter was attributed to domestic consumption, investment and the trade balance. The growth rate for the full year 2019 was 1.7%.
Statistics Netherlands reported that the Dutch retail trade revenues increased with 3.4% in 2019 compared to 2018. The sales volume in 2019 was approximately 2.5% higher than in 2018. A turnover increase was achieved both at food stores (1.3%) as non-food stores (2.9%). Online revenues were 17% higher 17% in 2019 than in 2018.
Destatis reported that inflation in Germany has risen from 1.5% on an annual basis in December 2019 to 1.7% on an annual basis in January 2020. This brought inflation to the highest level in nine months. Based on the European harmonized measurement method, inflation was 1.6% on an annual basis in January, compared to 1.5% in December.
The 6M Euribor is unchanged at -0.35% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.02% 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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