Eurozone Lending To Private Sector Rises In October
Eurozone lending to the private sector increased in October at a steady pace, data published by the European Central Bank showed on Thursday.
Adjusted loans to the private sector grew 1.6 percent year-on-year in October, unchanged from the previous month.
Among borrowing sectors, annual growth in loans to households rose at a slightly faster pace of 0.8 percent after a 0.7 percent gain. Likewise, loans to non-financial corporations climbed 1.2 percent, slightly faster than the 1.1 percent rise a month ago.
Data showed that claims on the private sector reported a steady increase of 1.2 percent in October.
The monetary aggregate M3 posted an annual growth of 3.4 percent in October, in line with expectations, compared to 3.2 percent in September.
At the same time, the narrow measure M1 advanced 0.2 percent, in contrast to the 1.3 percent decline in September. This was the first expansion since December 2022.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
Slide Shows