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Euro zone corporate lending growth slows in October

Euro zone corporate lending growth slows in October
FILE PHOTO: The headquarters of the European Central Bank in Frankfurt, Germany, September 30, 2018. REUTERS/Kai Pfaffenbach -
Kai Pfaffenbach(Reuters)
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FRANKFURT (Reuters) – Corporate lending growth slowed in the euro zone last month, European Central Bank data showed on Wednesday, in what could be an early sign that a worsening economic outlook is starting to take its toll on credit.

Loans to companies increased by 3.9 percent year-on-year in October, the slowest pace since May, after hitting a post-crisis high of 4.3 percent in September. Growth in credit to households accelerated to 3.2 percent from 3.1 percent a month earlier.

(Reporting By Francesco Canepa; Editing by Keith Weir)

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