Industrial activity in the euro area in October turned out stronger than expected. This was announced by British market researcher Markit based on final figures. Markit’s purchasing managers’ index, which measures industrial activity, stood at 54.8 in October compared to 53.7 in September. This is the highest level since July 2018 and the fourth consecutive month of growth for industry in the euro area. A preliminary estimate reported a level of 54.4. A level of 50 or more indicates growth, including contraction.
The improvement of the Dutch industrial activity came to a virtual standstill in October. This is the result of the second corona wave, according to the Dutch Association of Purchasing Managers (Nevi). Nevi’s purchasing managers index, which measures economic activity, stood at 50.4 compared to 52.5 in September.
US industrial activity in October increased again compared to a month earlier. This continues the recovery since the low point at the beginning of the corona crisis. This was reported by market researcher ISM. The ISM purchasing managers index stood at 59.3 compared to 55.4 in September.
The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.27% 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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