This month China’s manufacturing industry grew again, in contrast to the previous month’s contraction. The purchasing managers’ index came in at 50.1 in November, as opposed to 49.2 in October. This is a higher number than was predicted by economists. The index that measures the growth of the service sector remained roughly the same: from 52.4 in October to 52.3 this month. If the index is greater than 50 it indicates growth, lower than 50 indicates contraction.
Turnover in the retail sector in the Netherlands rose faster in October than in the previous month, the CBS announced Tuesday. In October, sales rose by 6.6 percent year-on-year, and sales volumes were 4.8 percent higher. The growth is higher than the previous months: sales rose 4.1 percent in September, 3.3 percent during August, and 2.7 percent in July. Compared to October 2019, retail sales are 14.2 percent higher than in October this year.
The CBS also reported that output prices of Dutch industry were 20.2 percent higher than in October 2020. Last month, the increase was already 17.0 percent. The price level has been rising for nine months in a row. The development of these prices coincides strongly with the development in the price of crude oil. In one year, in particular the price of a barrel of North Sea Brent crude oil has more than doubled.
The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.16% 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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