Various macroeconomic indicators show that the Chinese economy has slowed down again in August. Industrial output increased by 4.4%, lower than economists’ expectations of 5.2%. This is the lowest growth figure since 2002. Retail sales increased by 7.5%, while economists expected a growth of 7.9%. According to experts, the disappointing figures indicate that the monetary stimulus policy is not sufficient yet.
Figures published by Eurostat show that the job vacancy rate of the eurozone has remained stable in the second quarter at 2.3%. The services sector had the most job vacancies at 2.6%, while the vacancy rate in industry and construction was 2.0%
Istat has announced that inflation in Italy has remained stable in August. The inflation rate was 0.4% on a year-on-year basis. Economists expected an inflation rate of 0.5%. On a monthly basis, inflation was 0.4%, also lower than the forecast of 0.5%. Using the harmonized European measure, inflation was 0.5% on a year-on-year basis, in line with economists’ expectations.
The 6M Euribor increased with 3 basis points to -0.38% compared to previous business day. The 10Y Swap decreased with 5 basis points to -0.05% 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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