Swiss Economicblogs.org
Macroview Credit flows to households and corporations slackened in August, so domestic demand may be less of a factor in near-term growth. But we are sticking to our full-year growth forecast for the euro area. Credit to euro area households increased in August. Although at a slower pace than the previous month, August was the 23th straight month of positive credit flows. By contrast, bank credit to euro area non-financial corporations (NFCs) declined by EUR1 bn in August (adjusted for sales...
Read More »Softer credit flows in the euro area
