China has surpassed the United States as Europe’s largest trading partner. According to figures from the statistical office Eurostat, trade between the EU and China last year amounted to EUR 586 billion. Between the US and Europe this amounted to EUR 555 billion. Imports from and exports to the US decreased by 13.2% and 8.2% respectively. In contrast, imports from and exports to China increased by 5.6% and 2.2% respectively.
Based on preliminary figures from Eurostat, industrial production in the eurozone in December 2020 decreased 1,6% compared to November. Stricter measures against the coronavirus in many countries hampered the industry.
Employment in the Netherlands decreased slightly in the last quarter of last year. According to the Central Bureau of Statistics (CBS), the total number of jobs in the Netherlands declined by 14,000 in the fourth quarter compared to the third quarter. In the third quarter, the labour market partially recovered with 165,000 jobs after a record drop in the second quarter of 297,000 jobs.
The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap increased with 3 basis points to -0.06% 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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