Dutch consumers spent 9.4% more in April than in the same month last year. Figures from Statistics Netherlands (CBS) show that this is the largest growth in household consumption recorded since World War II. In February and March, consumption decreased by respectively 11.6% and 0.4% on a yearly basis.
The price for a barrel of crude oil closed higher on Monday once again. A July-future for a barrel of crude oil closed 2.8% higher at USD 73.66 on the New York Mercantile Exchange. It closed at the highest point in 32 months. Last week the crude oil price also closed 1% higher.
Prices of Dutch homes showed the largest increase in May since April 2001. Figures from CBS and the Land Registry show that prices increased 12.9% on a yearly basis in May after an increase of 11.5% in April. Prices reached a bottom in June 2013. Compared to that bottom point, prices are 66.8% higher in May.
The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.11% 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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