ECB: Loans to Eurozone Businesses Still Weak

by Naharnet Newsdesk 27 February 2014, 11:22

Lending to businesses in the debt-mired eurozone contracted again in January, data published by the European Central Bank showed on Thursday.

Private sector loans dropped by 2.0 percent in January in a year-on-year comparison, the ECB said, after already contracting by 2.3 percent in December.

The Frankfurt-based ECB also published its latest money supply figures, a preliminary indicator of inflation, showing a 1.2-percent increase in January after a rise of 1.0 percent in December.

Source: Agence France Presse

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