Lending to eurozone companies and households grew at a modest pace in November, pointing to a lacklustre end of the year for the bloc’s economy, European Central Bank data showed on Thursday.
Credit growth to businesses slowed to 1.0 per cent in November from 1.2 per cent in October.
While the increase in loans to households was the biggest since August 2023, it was still paltry in historical terms at 0.9 per cent, compared to 0.8 per cent a month earlier.
On the upside, the more volatile M3 measure of money supply, sometimes an indicator of future economic growth, expanded by 3.8 per cent, the briskest pace in two years, and exceeded all expectations in a Reuters poll.
