Based on figures from Statistics Netherlands (CBS), producers in the Dutch industry were positive this month for the first time since March last year. The producer confidence index reached 0.6, in December it was still minus 0.4. Producers mainly became more positive about the activity they expect and the order book of their companies.
The economic recovery in the United States is weakening due to the rising number of corona infections. The Federal Reserve (Fed) reported this on Wednesday. The Fed kept interest rates and the bond purchased program unchanged. According to the Fed, the pace of recovery in economic activity and employment has slowed in recent months, especially in the sectors hit hardest by the pandemic.
Minister Wopke Hoekstra has informed the Dutch Parliament that Dutch government debt will increase further due to additional expenditure to battle the corona crisis. This year Dutch government debt will probably exceed the limit that the euro countries have agreed with each other; 60% of the gross domestic product. Besides funds that are needed to support businesses, new funds has been set aside for compensation and improvement measures as a result of the issues at the Dutch tax authorities. He emphasized that the new expenditure figures are a rough estimate, and not a new calculation by the The Netherlands Bureau for Economic Policy Analysis (CPB).
The 6M Euribor decreased with 1 basis point to -0.53% compared to previous business day. The 10Y Swap is unchanged at -0.21% 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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