The importance of European Union as US trading partner is increasing again, according to Statistics Netherlands today. The 28 EU member states accounted for 18.5% of the total US import and export during the first nine months of 2015. The share of the EU dropped from 19.5% to 17% between 2009 and 2013. The reason for the relative increase in imports and export is that the trade value with Japan, Canada and Russia has declined.
The French central bank announced yesterday that they expect that the French economic growth will slow down in the fourth quarter of 2015. This economic slowdown is partly a consequence of the terrorist attacks in Paris last month. The economic growth is expected to be 0.3%, compared to a previous estimate of 0.4%.
Dutch retailers are in the top of Europe in terms of predicted sales growth for the next twelve to eighteen months, according to credit rating agency Moody’s. Moody’s expects that the Dutch economy will grow by 2% next year. In particular stores related to home improvement and decoration are expected to profit from the improving Dutch housing market, according to Moody’s.
The 6M Euribor remained unchanged at -0.03%. The 10Y Swap decreased with 1 basis point to 0.92%.
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