The Dutch economy is performing slightly better than one month earlier. Statistics Netherlands reported this on Wednesday. According to the Economic Timetable of the CBS, 11 of the 13 indicators have now outperformed the long-term trend. In July, 9 indicators outperformed.
The Chinese services sector has seen growth slowing down, while the decline of the industrial sector decreased. This was revealed on Wednesday by figures from the Chinese government. The purchasing managers index for the service sector was 52.6 in August against 53.8 in July. The purchasing managers index for Chinese industry showed Wednesday an increase from 49.0 in July to 49.4 in August. The expectation of economists was 49.2. Markit Economics’ figures for Chinese manufacturing in August are scheduled for Thursday morning.
American consumer confidence has improved in August after three months of decline. This appeared Tuesday from figures of The Conference Board. The index for consumer confidence rose from 95.3 to 103.2. This was much better than the 97.4 predicted by economists. The sub-index for economic expectations for the next six months rose from 65.6 to 75.1. The partial index for the current situation went from 139.7 to 145.4 in August. Concerns about inflation remain high, but have eased somewhat, according to The Conference Board.
The 6M Euribor increased with 10 basis points to 1.08% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.40% 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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