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ECB corporate lending data not impressive

  • Regular
  • Economy
  • 1 month ago
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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