Consumer prices in the Netherlands rose substantially in May, but less strongly than in the preceding month. This was shown Thursday by figures from the Central Bureau of Statistics (CBS). Last month, the price level rose by 8.8% on an annual basis, after an inflation of 9.6% in April. The decrease in inflation was mainly caused by the price development of energy. In May energy was 105% more expensive than a year earlier, in April it was 136% more expensive.
The economy in the eurozone grew slightly faster than expected in the first quarter. This became clear Wednesday from the final figures of the statistical office of the Eurostat. The gross domestic product (GDP) increased by 0.6% on a quarterly basis, while a growth of 0.3% was expected. On an annual basis, the eurozone economy grew by 5.4% last quarter.
The stocks of crude oil in the United States increased last week. This was revealed on Wednesday by figures from the American energy agency EIA. In the week ending 3 June, crude oil stocks increased by 2.0 million barrels to 416.8 million. Gasoline stocks decreased by 0.8 million barrels to 218.2 million barrels. Fuel oil and diesel stocks increased by 2.6 million barrels to 109.0 million. Refinery capacity utilisation was 94.2% compared to 92.6% a week earlier.
The 6M Euribor increased with 2 basis points to 0.03% compared to previous business day. The 10Y Swap increased with 5 basis points to 2.06% 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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