Market Information Tuesday 19 November 2019

According to Netherlands Bureau for Economic Policy Analysis (CPB), the Dutch economic growth will decrease to 1.1 percent per year in 2022 TO 2025. Furthermore, consumer spending will not grow in this period. This is mainly due to ageing of the population. The labour force will decrease while health costs will increase, which affects the growth rate and consumer spending.

The German economy will remain weak in the final quarter of this year, according to the Bundesbank. The central bank does not expect a recession, but that growth will stagnate. The German economy is suffering under the decreasing demand for cars and the trade war between China and the US.

According to statistics Netherlands (CBS), the sales of the Dutch industry in the third quarter are 6.3 percent lower than in the third quarter of 2018. The last quarter was the third quarter in a row in which the sales in the industry sector have decreased. Sales within the Netherlands decreased by 3.9 percent, while exports of the industry sector decrease by 7.6 percent.

The 6M Euribor is unchanged at -0.33% compared to previous business day. The 10Y Swap is unchanged at 0.08% 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.