Prices of consumer goods and services increased by 1.1% in September 2020 compared to September 2019, based on figures of Statistics Netherlands (CBS). In August 2020 inflation was still 0.7% on an annual basis, the lowest level since November 2016. The price development of clothing in particular has an upward effect on inflation. In addition to the consumer price index (CPI), Statistics Netherlands also calculates the European harmonized consumer price index (HICP). Consumer goods and services prices in the Netherlands increased by 1.0% in September 2020, according to the HICP.
German manufacturing output decreased slightly against expectations in August 2020, based on figures from the German Federal Statistical Office. This brings the industry’s earlier recovery to a halt. Production decreased by 0.2% on a monthly basis in August, economists had expected an increase of 1.5%.
British negotiators are ready to end talks with the European Union about a new trade deal if no agreement is reached next week. This was confirmed by a spokesman for British Prime Minister Boris Johnson. It has been agreed that head lines of an agreement should be presented before October 15. Negotiators from the EU state that they will not make concessions under pressure from the British.
The 6M Euribor increased with 1 basis point to -0.48% compared to previous business day. The 10Y Swap increased with 1 basis point to -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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