By Reuters
Share this articleComments
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)
Share this articleComments