The German industry has grown less strongly in February 2016 compared to January 2016. These preliminary figures were published by research firm Markit. The Purchasing Managers Index (PMI) of the German industry declined to 50.2 in February 2016, where it stood at 52.2 in January 2016. A stand above 50 points indicates growth; below 50 indicates contraction. The activity of the US industry also grew less strongly in February compared to January. The US PMI fell from 52.4 to 51.0.
Dutch consumer confidence fell in February 2016 compared to January 2016. The index, published by Statistics Netherlands (CBS), which tracks the consumer confidence fell 5 points to -1. The view on the economic climate worsened in February together with the consumer’s willingness to buy. Consumer confidence is now negative for the first time in almost a year.
Figures published by the Land show that prices of existing houses are 4.1% higher in January 2016 compared to January 2015. The housing market is picking up as a results of the low mortgage rates. Compared with the peak in house prices before the credit crisis in 2008, prices are still 15.3% lower.
The 6M Euribor decreased 1 basispoint to -0.13%. The 10Y Swap decreased 1 basispoint to 0.56%.
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