Inflation in the OECD area increased to 3.8% on a yearly basis in May. In April, consumer prices increased by 3.3%. Energy prices increased by a substantial 18.6% in May. This is the strongest increase since September 2008. In April this year, energy prices also increased by 16.3%.
Activity in the service sector in the eurozone increased significantly in June, according to final figures from Markit’s. The index that measures the activity of the service sector in the currency union, reached 58.3 in June against 55.2 in May. A preliminary estimate for June showed an index of 58.0. An index greater than 50 indicates growth, while less than 50 indicates contraction.
Activity in the Chinese service sector showed little growth in June. Markit’s index measuring the activity of the country’s service sector stood at 50.3 in June compared to 55.1 in May. This is the lowest level since April 2020.
The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.10% 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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