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 per cent in August in a year-on-year comparison, the ECB said, after already contracting by 1.9 per cent in July.
The Frankfurt-based ECB also published its latest money supply figures, a preliminary indicator of inflation, showing a 2.3 per cent increase in August after a rise of 2.2 per cent in July.
indiatimes.com
Private sector loans dropped by 2.0 per cent in August in a year-on-year comparison, the ECB said, after already contracting by 1.9 per cent in July.
The Frankfurt-based ECB also published its latest money supply figures, a preliminary indicator of inflation, showing a 2.3 per cent increase in August after a rise of 2.2 per cent in July.
indiatimes.com
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