Market Information Tuesday 15 November 2022

Eurozone industry produced more in September than a month earlier. Production rose 0.9 percent in September compared to August. On an annual basis,  production in the Eurozone rose 4.9 percent in September.

The Netherlands is importing more and more goods from China. Last year, €48 billion worth of goods entered our country, compared to nearly €40 billion in 2020. Over two third of the total imported goods were immediately re-exported to other countries. In the first eight months of 2022, already €40 billion worth of goods was imported from China. In recent years, the Chinese share of imported goods has grown to about 10%, which roughly corresponds to the share of imported goods from Belgium every year.

While interest rates are rising in the United States and Europe, and many emerging countries are feeling the effects, Indonesia seems to be an exception. Last quarter, the economy grew 5.7% compared to the same period in 2021, and the forecast for the current year is 5.5%. That is a lot higher than the forecast for surrounding countries such as Thailand (3.2%), Japan (1.6%) and Singapore (3.6%). Inflation in Indonesia is relatively low and is expected to reach 4.7% for all of 2022.

The 6M Euribor decreased with 3 basis points to 2.29% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.87% 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.