In its quarterly economic report, Rabobank expects that domestic spending continues to grow in 2016 as a result of the improving employment and rising consumer confidence. However, the bank warns that the growth of exports and international uncertainties pose a risk for the Dutch economy. The Dutch economy is expected to grow with 2% this year.
Yesterday, Chinese stock markets rose by more than 4%, the largest increase since November 2015 despite the fact that Moody’s downgraded its outlook for China from ‘stable’ to ‘negative’.
In January 2016, output prices of the Dutch manufacturing industry were 4.1% lower than the output prices of a year earlier, according to Statistics Netherlands (CBS). In December 2015, output prices were 5% lower compared to December 2014. The CBS notes that the fall in prices has slowed down in recent months. The prices in the petroleum industry continue to decline. Excluding the oil industry, the fall of output prices of the Dutch manufacturing industry is 1.5% in comparison to December 2014.
The 6M Euribor decreased 1 basispoint to -0.14%. The 10Y Swap increased 6 basispoints to 0.61%.
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