ECB: Pace of Household Lending Unchanged in April; Loans to Firms Accelerated
29 May 2017 - 6:42PM
Dow Jones News
By Emese Bartha
FRANKFURT--Lending to euro area households grew at the same pace
in April as in March, while lending to firms accelerated slightly,
data from the European Central Bank showed Monday.
Lending to households increased by 2.4% on the year in April,
following a 2.4% rise in March. Lending to firms grew by 2.4% after
expanding by 2.3% in March.
The ECB's broad monetary indicator, M3, grew by 4.9% on the year
in April versus 5.3% in March. Economists polled by The Wall Street
Journal had expected growth of 5.2%.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
May 29, 2017 04:27 ET (08:27 GMT)
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