Arab Today, arab today eurozone loan demand slowly stabilising
Last Updated : GMT 10:54:50
Arab Today, arab today
Arab Today, arab today

Eurozone loan demand slowly stabilising

Arab Today, arab today

Arab Today, arab today Eurozone loan demand slowly stabilising

Loans to the private sector in the euro area
Frankfurt - AFP

Depressed demand for loans in the eurozone is continuing to stabilise, data published by the European Central Bank showed on Thursday.
The ECB compiles monthly statistics on loans to the private sector, which are a key gauge of economic health and particularly closely watched at the moment since chronic weakness in credit is seen as the main hurdle to a more sustained recovery in the single currency area.
The ECB's latest data showed that in October loans to the private sector in the euro area fell by 1.1 percent year-on-year, a slightly slower rate of decline than the 1.2-percent decline seen in September.
At the same time, the ECB calculated that growth of the overall eurozone money supply -- a barometer for future inflation -- stood at 2.5 percent, the same rate of change as in September.
The EB regards M3 money supply as a barometer for future inflation.
The two sets of data provided some room for encouragement, analysts said.
"The very gradual upswing in the eurozone's credit cycle continued in October," said Berenberg Bank economist Christian Schulz.
The contraction in loans was now shallower than it has been since April 2013 and much better than the trough in January this year, Schulz said.
BayernLB economist Christiane von Berg agreed that the October data "support the picture of a stabilisation in the monetary dynamic in the euro area."
Nevertheless, momentum was still very weak, she cautioned.
IHS Global Insight analyst Howard Archer felt the latest money supply and bank lending data were "of little comfort to the ECB and hardly eases pressure for further action.
"The best that can be said is that the year-on-year fall in bank lending to businesses is moderating, while money supply growth has risen from its lows," Archer said.
"There is little evidence in this data that the stimulative measures announced by the ECB in June and September are having much positive impact, although it will clearly take time for all the measures to be enacted and take full effect," the expert concluded.

 

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone loan demand slowly stabilising Arab Today, arab today eurozone loan demand slowly stabilising

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone loan demand slowly stabilising Arab Today, arab today eurozone loan demand slowly stabilising

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday