ECB: Loans to Eurozone Businesses Drop Sharply
Lending to businesses in the debt-mired eurozone contracted sharply in July, data published by the European Central Bank showed on Wednesday, a potential source of concern for economic recovery.
Private sector loans dropped by 1.9 percent in July in a year-on-year comparison, the ECB said, after already contracting by 1.6 percent in June.
The Frankfurt-based ECB also published its latest money supply figures, a preliminary indicator of inflation, showing a 2.2-percent increase in July after a rise of 2.4 percent in June.
Source: Agence France Presse
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