Market Information Thursday 15 August 2019

Eurostat stated that the economy of the eurozone has grown by 0.2% in the second quarter of 2019 compared to the first quarter, in line with economists’ expectations. On a year-on-year basis, economic growth was 1.1%. Economic growth in the European Union was 0.2% on a quarter-on-quarter basis and 1.3% on a year-on-year basis.

Figures from Eurostat show that industrial production in the eurozone has decreased by 1.6% in June 2019 compared to May. Economists expected a decrease of 1.5%. In May, industrial production increased by 0.8%. Industrial production in the European Union decreased by 1.5%, compared to a growth of 0.9% in the previous month.

Statistics Netherlands (CBS) stated that the Dutch economy grew by 0.5% in the second quarter of 2019 compared to the first quarter. Among others, drivers of growth were increased investment and consumer expenditures. On a year-on-year basis, economic growth was 1.8%, compared to 1.7% in the first quarter. In addition, the CBS reported that exports were 1.6% higher in June 2019 than the year before, while imports were 3.2% higher.

The German federal statistics bureau stated that the German economy shrunk by 0.1% in the second quarter of 2019 on a quarterly basis, compared to a growth of 0.4% in the first quarter. This is in line with economists’ expectations. On a year-on-year basis, the size of the German economy remained the same, compared to a growth of 0.6% in the first quarter.

The 6M Euribor is unchanged at -0.40% compared to previous business day. The 10Y Swap decreased with 7 basis points to -0.22% 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.