Market Information Wednesday 18 November 2019

The Netherlands Bureau for Economic Policy Analysis (CPB) has indicated in its December estimate that economic growth in the Netherlands will decline in 2020. For 2019, growth is expected to be 1.7%, while the CPB estimates 1.3% growth for 2020. The lower growth is largely due to the slowdown in global growth. Within the Netherlands, the issues surrounding nitrogen emissions and PFAS are cited as the cause of declining growth.

The Japanese Ministry of Finance reported that Japanese exports of goods have declined in November 2019 for the tenth month in a row. Exports decreased by 7.9% on an annual basis. Exports of cars and car parts, among other things, fell sharply. Global trade tensions are mentioned as the main reason for the decline.

Figures from the Federal Reserve show that industrial production in the United States increased by 1.1% in November 2019 compared to a month earlier. Economists had anticipated an increase of 0.8%. Capacity utilization in the industry was 77.3% in November 2019, compared to 77.6% in the previous month.

The 6M Euribor is unchanged at -0.34% compared to previous business day. The 10Y Swap is unchanged at 0.11% 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.