ECB corporate lending data not impressive
- 6 months ago
European Central Bank data released earlier today indicates to a slow growth in corporate lending.
This may just be the dawn of a depreciating economy in the horizon.
There is an increase in loans to companies by 3.9% YOY in October however that is the slowest pace since May regardless of the highs of September at 4.3%.
Households credit grew to a mere 3.2% from last month’s 3.1%.
Source: Smart Trend Team