Market Information Wednesday 19 October 2022

Industrial production in the United States rose faster than expected in September. This was reported by the Federal Reserve on Tuesday. Industrial production, including output from factories, mining and utilities, rose 0.4% on a monthly basis. A 0.1% increase had been expected, after a 0.1% fall in August. Earlier, a 0.2% decline was reported for the month. Capacity utilisation rose 0.2 percentage points to 80.3% in September.

Germany’s ZEW index for economic sentiment picked up more than expected in October, but remains well below zero. This was revealed on Tuesday by figures from the German research institute. The ZEW expectations index picked up from -61.9 in September to a negative reading of 59.2 this month. A deterioration to -65.0 had been forecast by economists. About the current situation, respondents actually became slightly more negative. This index fell to a reading of 72.2 negative in October from 60.5 negative a month earlier.

Producer prices in the UK rose slightly less in September again. This was revealed on Wednesday by figures from the UK statistics office ONS. On a year-on-year basis, prices rose 20.0% after a 20.9% plus in August and 22.7% in July. On a monthly basis, the price level rose 0.4% after a 0.9% decline in August.

The 6M Euribor is unchanged at 2.03% compared to previous business day. The 10Y Swap decreased with 5 basis points to 3.19% 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.