26533
Lending Growth
World Economy

Lending Growth

Lending to eurozone households and corporations picked up slightly in August but a broader measure of money circulating in the eurozone dropped, European Central Bank data showed on Friday, Reuters reported. Lending growth to households incresed to 1% in August from 0.9% a month earlier while lending growth to non-financial corporations rose to 0.4% in August from 0.3% in July, the ECB said. Sparse lending to companies had dogged the struggling eurozone economy although the picture has been improving since late 2014 and policy setters said the bloc is recovering, albeit slowly. Although more recent figures indicated a solid pick up in lending, the ECB earlier this month said it revised its lending data down based on a new methodology. Indeed, July household lending growth was originally reported at 1.9% before a cut back to 0.95 while non-financial corporate lending was originally seen growing at 0.9% before a cut to 0.3%.

Short URL : https://goo.gl/IRGd1R
  1. https://goo.gl/DPqXBl
  • https://goo.gl/A4DVTs

You can also read ...

World GDP is expected to advance 3.5% in 2017—its best year since 2011—and 3.7% in 2018.
Nearly 10 years after the financial crisis brought the global...
Supporters of EU-Mercosur Free-Trade Pact Push for Deal
Supporters of a free trade pact between the EU and the...
The OECD believes that tax evasions cost governments around the world as much as $240 billion a year in lost revenue.
They have revolutionized the way people live, but are US tech...
Kuwait Needs $100b Over 5 Years to Cover Deficit
Kuwait will need $100 billion of additional financing over the...
Emmanuel Macron (L), French Labor Minister Muriel Penicaud (C) and Jean-Claude Juncker.
The EU is trying to present itself as more socially just,...
China to Help Shortfalls in Pension Funds
China on Saturday announced a pilot program to help pension...
Few Signs of Progress in NAFTA Talks
Negotiations in Mexico to update NAFTA have not made much...
Goldman Predicts Four Rate Hikes in US
The US economy is heading into 2018 with strong momentum that’...

Trending

Googleplus