ECB: Loans to eurozone businesses drop sharply
Frankfurt - AFP
Lending to businesses in the debt-mired eurozone contracted sharply in November, data published by the European Central Bank showed on Friday. Private sector loans dropped by 2.3 percent in November in a year-on-year comparison, the ECB said, after already contracting by 2.2 percent in October. The Frankfurt-based ECB also published its latest money supply figures, a preliminary indicator of inflation, showing a 1.5-percent increase in November after a rise of 1.4 percent in October.
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