Chinese industrial output rose more than in the first two months of this year than in December, but is still slightly disappointing. This was revealed by government figures on Wednesday. Output rose 2.4% year-on-year. Economists had expected an increase of 2.8%. This was higher than in December, when output rose 1.3%. On a monthly basis, February saw a 0.12% rise in output, after a 0.06% rise in December.
Producer prices in the United States fell slightly in February. This was reported by the US Department of Labour on Wednesday. Producer prices fell 0.1% on a monthly basis, after rising 0.3% in January. Earlier, the January increase was 0.7%. Energy prices declined with 0.2% last month. Economists had forecast a 0.3% rise in prices for February. Excluding volatile prices of trade services, food and energy, US producer prices rose 0.2% in February. In January, these core prices already rose 0.5%. Expectations were for a 0.4% rise. On an annualised basis, producer prices rose 4.6% in February and core prices 4.4%. In January, these were 5.7 and 4.4% respectively.
Eurozone manufacturing output increased in January. This was revealed by Eurostat figures on Wednesday. Output rose 0.7% in January compared to December. On a year-on-year basis, output in the eurozone rose 0.9% in January. Economists consulted expected a month-on-month increase of 0.5% and on an annual basis an increase of 0.6%.
The 6M Euribor decreased with 34 basis points to 3.04% compared to previous business day. The 10Y Swap decreased with 10 basis points to 2.94% 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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