Industrial production in German unexpectedly dropped in January, ending eight consecutive months of growth. According to the German Federal Statistical Office, overall industrial production declined 2.5% in January compared to December. This was mainly due to a 12% decline in output in the construction sector. Construction work was affected by the winter weather.
In the Netherlands, more than 140,000 businesses were closed down last year, according to the Central Bureau of Statistics (CBS). This was over 20% more than in 2019. Bankruptcies are not included in this figure. 470 restaurants closed down by their owners during the corona crisis in 2020, roughly 10% more than in 2019. Also 450 cafeterias, lunchrooms, snack bars or ice cream parlours closed their doors permanently.
The European Banking Authority (EBA) has temporarily taken its email system offline after being hacked to prevent further malpractice. Hackers infiltrated the European banking regulator through a breach in a Microsoft email platform. Microsoft suspects computer hackers employed by China.
The 6M Euribor increased with 1 basis point to -0.51% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.05% 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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