Loans to eurozone businesses 'drop sharply'
(MENAFN- AFP) Lending to businesses in the debt-mired eurozone contracted sharply in August, data published by the European Central Bank showed on Thursday, souring recent positive sentiment about a nascent economic recovery.
Private sector loans dropped by 2.0 percent in August in a year-on-year comparison, the ECB said, after already contracting by 1.9 percent in July.
The Frankfurt-based ECB also published its latest money supply figures, a preliminary indicator of inflation, showing a 2.3-percent increase in August after a rise of 2.2 percent in July.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment