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Euro zone corporate lending growth continues to accelerate -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A man stands in front of five Euro note sheets at the Dublin Central Bank of Ireland office opening on April 24, 2017, Ireland. REUTERS/Clodagh Kilcoyne

FRANKFURT / Reuters – The fourth straight month of December saw lending to Euro zone companies accelerate, reversing a decline mid-year. This was according to data from the European Central Bank on Friday.

Although lending to businesses in the eurozone increased by 4.2%, following 2.9% in November, the rate of growth was still well below that recorded one year ago at 7.1%. The growth in household lending slowed to 4.1%, from 4.2%. This trend has remained steady since June.

The M3 annual growth rate, primarily a result of the ECB’s large bond purchases, slowed from 7.4% to 6.9%, which was just above market expectations of 6.8% growth.

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