On Tuesday, Eurostat reported that the eurozone economy contracted in the first quarter of 2020. Gross domestic product (GDP) declined by 3.6 percent in the first quarter of 2020, compared to the fourth quarter of 2019. Compared to the first quarter of 2019, GDP for the eurozone declined by 3.1 percent in the first quarter of this year, the strongest decline reported since the third quarter of 2009.
Statistics Netherlands (CBS) reports that the production of the Dutch industry is 11 percent lower in April 2020 compared to April 2019. The decline is the strongest since 2009. From March to April 2020, production decreased by 8.1 per cent. Of the eight largest business sectors within the industry, the decline in the production of the transport equipment industry was the largest, mainly due to the fact that car factories were closed in April. Production was lower for all business sectors, except for the machinery and pharmaceutical industry, compared to April 2019.
The National Bureau of Statistics in China has announced that the producer prices decreased with 3.7 % in May compared to a decrease of 3.1 % in April. Economists expected a decrease of 3.3 %. The consumer price index rose 2.4 % in May from a year earlier, after a 3.3 % increase in April.
The 6M Euribor is unchanged at -0.20% compared to previous business day. The 10Y Swap increased with 3 basis points to -0.02% 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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