The National Bureau of Statistics of China stated that the economic growth in China has decreased to 6.2% in the second quarter of 2019. This is the lowest growth rate since 1992. Economists also expected a growth rate of 6.2%. In the first quarter of 2019, the Chinese economy grew by 6.4%. The low growth rate is mainly caused by the trade war with the United States.
Chinese policy makers have recently implemented measures to stimulate the economy. Figures from the National Bureau of Statistics of China show that industrial production has increased by 6.3% in June 2019 on a year-on-year basis. Economists expected a growth figure 5.2%. In addition, retail sales increased by 9.8% on a year-on-year basis in June, compared to an expected growth of 8.5%.
Statistics Netherlands (CBS) announced that the export of goods increased by 1.5% in May 2019 compared to the same month in the previous year. Imports increased by 3.0% in the same timeframe. According to the CBS, the conditions are less favourable for exports in July 2019 than in May.
The 6M Euribor is unchanged at -0.34% compared to previous business day. The 10Y Swap decreased with 4 basis points to 0.20% 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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