Order intake in the German industrial sector fell 0.2% in April from the previous month, while many economists had expected 0.5% growth in factory orders. German industrial companies faced declining domestic demand in April, with a decline of 4.3%. Foreign order intake increased by 2.7% month-on-month, insufficient to offset weak domestic demand.
The European Commission expects to issue the first assessments of the recovery plans submitted by EU Member States in Brussels by mid-June. With a recovery plan, the countries can claim money and loans from the corona recovery program Next Generation EU. The first euros can be spent in July, Valdis Dombrovskis reported last week to the European Commission, responsible for economic affairs.
In the second quarter of this year, 18% of Dutch industrial companies faced a shortage of production resources, according to figures from the Statistics Netherlands (CBS). In the first three months of last year, shortage was just 5%.
The 6M Euribor increased with 1 basis point to -0.51% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.12% 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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