In October 2015, the volume of world trade decreased by 0.5%. This is a decrease compared to September where an increase of 0.8% was recorded, the Netherlands Bureau for Economic policy Analysis (CPB) reports in their world trade monitor. The industrial production showed a growth of 0.1% compared to September.
The public deficit amounts 1.7% of the gross domestic product (GDP) over the period October 2014 till October 2015, according to Statistics Netherlands (CBS). The government spent EUR 11.4 billion more than they received. The public deficit should not exceed 3% of the GDP, according to the European Union criteria.
Over 90% of the Dutch will have more purchasing power in 2016 than in 2015, reports the Ministry of Social Affairs to the Lower House. Purchasing power will grow on average by 1.6%, which is 0.4% more than was expected in September. This increase is mainly due to the downward revision of inflation expectations by the CPB. Workers are expected to benefit the most with an average increase in purchasing power of 3%.
The 6M Euribor remained unchanged at -0.44%. The 10Y Swap increased with 1 basis point to 0.99%.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: email@example.com.
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